Posting Journal Entries to a Ledger Account
Follow the steps below to post journal entries to a ledger account:
- Open a ledger account for each account listed in the Chart of Accounts.
- Enter the name of the account in the top of the Ledger Account and enter the account number indicated in the Chart of Accounts.
- Post each transaction activity from the general journal to the appropriate side in the Ledger Account.
Remember, an asset account normally has a debit balance; liability and owner’s equity accounts normally have credit balances.
