POSTING FROM JOURNAL

 -Ankit Lal Karn, ACW Accounts Edumarz

The process in which transactions are posted from the journal book to the ledger is known as posting from the journal.

• We can also say that it is the grouping of different transactions of the same account at one place.

• Posting can be done daily, weekly, fortnightly, or monthly from journal books.

• Posting is done as per the need and requirements of the business entity.

Following are the steps involved in the process of posting:-

1. Finding in the ledger:- Account to be debited or credited as per the journal

2. Date:- date of the transaction is mentioned 

3. Particular:- Account through which it has been debited or credited is written here.

For example – journal entry passed is — CASH A/C    dr

                                                                                To FURNITURE A/C

And we want to prepare the furniture column, then in the ledger of furniture A/C cash A/C will be written on the credit side as – BY CASH A/C.

4. J.F – page number of the journal on which transaction is entered.

5. Amount- the amount on which transaction was entered in the journal.