Recording of Transactions-I

sheet. In the beginning, an index is also provided. For easy identification, in big organisations, each account is also allotted a code number. Format of the account is shown in figure .

. Name of the Account Fig. . : Showing format of a ledger According to this format the columns will contain the information as given below: An account is debited or credited according to the rules of debit and credit already explained in respect of each category of account.

Title of the account : The Name of the item is written at the top of the format as the title of the account. The title of the account ends with suffix ‘Account’. Dr./Cr. : Dr.

means Debit side of the account that is left side and Cr. means Credit side of the account, i.e. right side. Date : Year, Month and Date of transactions are posted in chronological order in this column.

Particulars : Name of the item with reference to the original book of entry is written on debit/credit side of the account. Journal Folio : It records the page number of the original book of entry on which relevant transaction is recorded. This column is filled up at the time of posting.