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.

Ledger form
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.

In today’s modern times, certainly most people already know about the bank and use his services, either as a place to save money or as a place to borrow funds. In the modern economic order, economic traffic activities require the services of many banks, particularly the distribution of funds that are productive and related storage and withdrawal of funds from the community desperately needed for development in the economic field. Because the role of banks in the economy is very important, then every state passed a law on banking. In Indonesia, the problems associated with banks regulated in the Act No.7 of 1992, namely that banks are business entities that raise funds from the public in the form of deposits and deliver to the community in order to improve the living standard of the people.

The main function of banks
In general, there are five main functions of banks is as follows:
a. As a place to collect funds from the community. Bank in charge of securing the money savings and time deposits and deposits in a checking account or current account.
b. As a distributor of funds or credit. Bank’s duty to give credit to people in need, particularly for productive ventures.
c. As providers. The bank provides payment services, exchange, finance, foreign trade, and others.
d. As an agency that regulates the circulation of money. Bank as an institution that has the authority to print and circulate the money necessary to balance the circulation of money in order to avoid inflation or deflation.
e. As institutions that maintain a stable value of money. Bank responsible for managing the circulation of money, provide guarantees gold for each new currency printed and circulated.

Incoming Terms:

• bank definition and functions
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• What is bank and explain the primary functions of the bank
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• bank: defination importance and function
• definition importance and function of bank
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Money is a vital tool in our lives today. Without money, we will not be able to meet the needs and desires in life. Money is one object among many objects in the economic sense. Each object has a value, although the value of a single object with other objects is not the same. Society gives value to a thing, because it provides benefits to the community concerned. Only objects that have value to her request. So as for why people give value to something that matter, is because it was requested by the communities concerned, in other words because it gives benefits or to meet the specific needs of the communities concerned. The greater the benefits or needs can be met by something object, the higher the value of the object in question. Conversely the less the benefits provided by some things, the lower the value assigned by society to him.

Why does money have value? This question is not difficult to answer if it was accepted that the money that too is an object. Money as an object can not be separated from the description mentioned above. Clearly the money has value, because the public making a request to it. Furthermore, that money has value because it can meet the needs of the community in many ways. Indeed it is only as an intermediary tool alone, but because the money was to benefit as an intermediary tool then that money has value. Thus did the changes the value of money is closely linked to demand changes to it.

Whenever such a rising demand for money, then the value of money rises, the opposite if the demand for money is a little money and even then the value will decline. Rise and fall of demand for money we can see from the speed of the velocity of money. The faster the velocity of money means less demand for money, meaning money fled to the goods. Conversely, the slower velocity of money, the greater the demand for money, in other words the more people want to save some of his wealth in the form of money. In the circumstances the velocity of money very fast which means lower demand for money, value for money will fall. Furthermore, in a state of very slow turnover, which means rising demand for money, value for money will rise.

Incoming Terms:

• velocity exchange rate