After analyzing the evidence of transactions into the journal, the next accounting cycle classify the accounts into the general ledger. The process of classification of the accounts in the journal to the ledger is called posting. The accounts in the ledger used to record the separate account assets, debts, and capital.
The ledger is a collection of accounts or estimates which are interrelated. The book contains a collection of the accounts contained in the books of the company. Collection account is derived from the general journal records that occur during a specific period. In principle, a term synonymous with general ledger account books. For example general ledger accounts receivable can be interpreted as a cash account book.
Forms of large books can be divided into the form of two columns, three columns, and four columns. Large book form is the simplest form of T. Four-column ledger form commonly used in today’s accounting records. In this form there is a balance that allows the column to know your account balance.
Ledger posting process
Posting a transfer of the accounts in the journal into the appropriate ledger account name. Posting process performed on the same day as to prevent the buildup of the journal. The steps undertaken in the posting process is as follows:
a. Determine the type of accounts affected by the transaction in the journal.
b. Record the date of the transaction in accordance with the date in the journal.
c. Write a brief description of the occurrence of such transactions on the statement in the journal.
d. Account codes in column Ref journal noted on the account number and journal pages are recorded in the column Ref ledger.