1. Posting to a General Ledger
Chapter 4
Posting to a General Ledger

2. 4.1 Ledgers and posting Ledger– a group of accounts
page
Ledger– a group of accounts
General ledger– a ledger that contains all accounts needed to prepare financial statements
Account number – the number assigned to an account
File maintenance – the procedure for arranging accounts in a general ledger, assigning account numbers, and keeping records current

3. RELATIONSHIP OF A T ACCOUNT TO AN ACCOUNT FORM
page 91
Balance columns
LESSON 4-1

4. page 57

5. Opening an account
page 94
Opening an account – writing an account title and number on the heading of an account

7. 4.2 Posting to a Ledger
page 96
Posting– transferring information from a journal entry to a ledger account
5 steps to posting
Write the date (ledger) – remember year and month for 1st entry
Write the journal page number in Post Ref. (ledger)
Write the current debit/credit amount (ledger)
Update the balance (ledger)
Place the account number in journal (journal)

8. POSTING AN AMOUNT FROM THE DEBIT COLUMN OF A GENERAL JOURNAL
page 96 2 1 3 5 4
1. Write the date.
4. Write the new account balance.
2. Write the journal page number.
5. Return to the journal and write the account number.
3. Write the debit amount.
LESSON 4-2

9. POSTING AN AMOUNT FROM THE CREDIT COLUMN OF A GENERAL JOURNAL
LESSON 4-2
2/18/2019
POSTING AN AMOUNT FROM THE CREDIT COLUMN OF A GENERAL JOURNAL
page 97 2 1 5 3 4
1. Write the date.
4. Write the new account balance.
2. Write the journal page number.
5. Return to the journal and write the account number.
3. Write the credit amount.
LESSON 4-2
GREEN

10. POSTING A DEBIT AMOUNT TO AN ACCOUNT WITH A DEBIT BALANCE
page 98 2 1 3 5 4
1. Write the date.
4. Write the new account balance.
2. Write the journal page number.
5. Return to the journal and write the account number.
3. Write the debit amount.
LESSON 4-2

11. POSTING A DEBIT AMOUNT TO AN ACCOUNT WITH A CREDIT BALANCE
page 99 2 1 3 5 4
1. Write the date.
4. Write the new account balance.
2. Write the journal page number.
5. Return to the journal and write the account number.
3. Write the debit amount.
LESSON 4-2

12. JOURNAL PAGE WITH POSTING COMPLETED
(continued on next slide)
LESSON 4-2

13. JOURNAL PAGE WITH POSTING COMPLETED
LESSON 4-2
2/18/2019
JOURNAL PAGE WITH POSTING COMPLETED
page 100
(continued from previous slide)
LESSON 4-2
GREEN

14. GENERAL LEDGER WITH POSTING COMPLETED
LESSON 4-3
2/18/2019
GENERAL LEDGER WITH POSTING COMPLETED
page 102
(continued on next slide)
LESSON 4-3
GREEN

15. PROVING CASH
page 106
Proving cash – determining the amount of cash agrees with the balance of the cash account in the accounting records
LESSON 4-3

16. 4.3 MEMORANDUM FOR A CORRECTING ENTRY
page 106
LESSON 4-3

17. Correcting entry
Correcting entry – a journal entry made to correct an error in the ledger
Nov A cash payment of $ for advertising on October 15th, 2011 was debited in error to miscellaneous expense M15