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Ledger in Accounting Meaning Example How to Post Journal Entries to Ledger
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=cUacqKK0EVM
In this video on Ledger in Accounting, we will study definition, example and format of ledger book. • 𝐖𝐡𝐚𝐭 𝐢𝐬 𝐋𝐞𝐝𝐠𝐞𝐫 𝐢𝐧 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠? • -------------------------------------------------------- • Ledger is called the second entry book in the accounting book ; because it is reported in the ledger after recording the entry in the journal. • 𝐄𝐱𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐋𝐞𝐝𝐠𝐞𝐫 𝐢𝐧 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 • ------------------------------------------------------------ • Let's take a simple example to understand the format of ledger in accounting. • Mr A buys goods in cash. What would be the ledger entry in accounting? • Purchase A/C…..Debit • To Cash A/C….. Credit • Here, we will have two accounts – “purchase” account and “cash” account. • The ledger for this journal entry would be as follows – • Purchase A/C • Dr Cr • Date Particulars Amount($) Date Particulars Amount • 9.3.19 To Cash A/C 20,000 • • Cash A/C • Dr Cr • Date Particulars Amount ($) Date Particulars Amount • 9.3.19 By Purchase A/C 20,000 • If you want to know more about 𝐋𝐞𝐝𝐠𝐞𝐫 𝐢𝐧 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 you can visit the 𝐥𝐢𝐧𝐤 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐝 𝐡𝐞𝐫𝐞:- https://www.wallstreetmojo.com/ledger... • Connect with us! • Youtube ► / @wallstreetmojo • LinkedIn ► / mycompany • Facebook ► / wallstreetmojo • Instagram ► / wallstreetmojoofficial • Twitter ► / wallstreetmojo
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