1. Posting to a General Ledger
Chapter 4
Posting to a General Ledger

2. 10. Ledgers and posting Ledger– a group of accounts
page
Ledger– a group of accounts
General ledger– a ledger that contains all accounts needed to prepare financial statements
Account number – the number assigned to an account
File maintenance – the procedure for arranging accounts in a general ledger, assigning account numbers, and keeping records current

3. page 57

4. Opening an account
page 94
Opening an account – writing an account title and number on the heading of an account

6. 11. Posting to a Ledger
page 96
Posting– transferring information from a journal entry to a ledger account
5 steps to posting
Write the date (ledger) – remember year for 1st entry
Write the journal page number in Post Ref. (ledger)
Write the current debit/credit amount (ledger)
Update the balance (ledger)
Place the account number in journal (journal)

7. POSTING AN AMOUNT FROM A GENERAL DEBIT COLUMN
page 96 2 1 3 5 4
1. Write the date.
4. Write the new account balance.
2. Write the journal page number.
5. Return to the journal and write the account number.
3. Write the debit amount.
LESSON 4-2

8. POSTING A SECOND AMOUNT TO AN ACCOUNT
page 97 2 1 3 5 4
1. Write the date.
4. Write the new account balance.
2. Write the journal page number.
5. Return to the journal and write the account number.
3. Write the debit amount.
LESSON 4-2

9. POSTING AN AMOUNT FROM A GENERAL CREDIT COLUMN
page 98 2 1 5 3 4
1. Write the date.
4. Write the new account balance.
2. Write the journal page number.
5. Return to the journal and write the account number.
3. Write the credit amount.
LESSON 4-2

10. CHECK MARKS SHOW THAT AMOUNTS ARE NOT POSTED
page 100
Check mark indicates that amounts ARE NOT posted individually.
Check mark indicates that general amount column totals ARE NOT posted.
LESSON 4-3

11. POSTING THE TOTAL OF THE SALES CREDIT COLUMN
page 101 2 3 1 5 4
1. Write the date.
4. Write the new account balance.
2. Write the journal page number.
5. Return to the journal and write the account number.
3. Write the column total.
LESSON 4-3

12. POSTING THE TOTAL OF THE CASH DEBIT COLUMN
page 102 2 3 1 5 4
1. Write the date.
4. Write the new account balance.
2. Write the journal page number.
5. Return to the journal and write the account number.
3. Write the column total.
LESSON 4-3

13. POSTING THE TOTAL OF THE CASH CREDIT COLUMN
page 103 3 2 1 5 4
1. Write the date.
4. Write the new account balance.
2. Write the journal page number.
5. Return to the journal and write the account number.
3. Write the column total.
LESSON 4-3

14. Correcting entry
Correcting entry – a journal entry made to correct an error in the ledger
Nov A cash payment of $ for advertising on October 15th, 2011 was debited in error to miscellaneous expense M15