No new information is needed to prepare ledger accounts. The process of posting journal entries to ledger accounts is very simple. The format of ledger account and posting process The book in which ledger accounts are maintained is known by various names such as ledger, ledger book or general ledger. Ledger accounts are a way of presenting and grouping transactions relating to a particular account at one place. Report Date: The date the general ledger was created or updated.Posting from general journal to general ledger (or simply posting) is a process in which entries from general journal are periodically transferred to ledger accounts (also known as T-accounts). It is the second step of accounting cycle because business transactions are first recorded in the journal and then they are posted to respective ledger accounts in the general ledger.Post Reference: The location or subledger name where each transaction was recorded, sometimes called a PR or journal reference. ![]()
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