Professional Documents
Culture Documents
Ledger
After journalizing the transactions, the
entries will be posted to the ledger account,
which is known as posting. Posting must be
in chronological order and must be done on
timely basis. Ledger is a complete collection
of all accounts of a company.
There are two types of ledgers: T-accounts,
and the 3-column ledger. In Malaysia, most
commonly used ledger is the T-account.
Figure 1
2012
Cash(1)
RM
2012
RM
50,000
Jan 4 Purchases
5,000
26 Sales
6,000
31 Balance c/f
51,000(6)
56,000(5)
Feb 1 Balance b/f
Figure 2
2012
Jan 31 Balance c/f
56,000(5)
51,000(7)
Capital
RM
50,000
2012
Jan 1 Cash (4)
50,000
RM
50,000
50,000
50,000
Figure 3
2012
Jan 4 Cash
Purchases
RM
5,000
2012
Jan 31 Balance c/f
5,000
Feb 1 Balance b/f
Figure 4
2012
Jan 31 Balance c/f
RM
5,000
5,000
5,000
Sales
RM
6,000
2012
Jan 26 Cash
6,000
RM
6,000
6,000
6,000
Trial Balance
After posting the entries into Ledger and closing the
account, then the company has information of the
balances of each account recorded in the ledger.
To ensure that the accounts had been recorded
using Double Entry Accounting System, then a Trial
Balance will be drawn out.
Debit Credit
RM
RM
51,00
0
50,00
0
5,000
6,000
56,00 56,00
0
0
Cash
Capital
Purchases
Sales
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