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POSTING TO LEDGER ACCOUNTS

This tutoring session walks you through posting transactions to ledger accounts. The general ledger account columns are explained as well as the normal balance of accounts and types of accounts. See the subjects covered in this session, below:

(Click on SESSION SAMPLE  above to see a sample of session three.)

• General Ledger

Ledger Accounts explained.

• Normal Balance

Tells the importance of knowing the normal balance of an account, knowing this can be key in determining whether to debit or credit in order to achieve the desired results.

• Types of Accounts

Assets, Liabilities etc. and contra accounts (Owner's Withdrawal, Allowance for Depreciation, etc.) are explained.

• Posting

Explains the correct method of posting a transaction from the journal to the ledger accounts.