https://docs.google.com/presentation/d/1vtgElG7ubKpsCI9KW_l7yQxa_1tHzwv5bo-RBsV1SSg/edit?usp=sharing Ledger, proforma, transactions, journal entries, ledger accounts, example

2. LEDGER
 Ledger is a book which facilitates recording of all types of
transactions related to personal, real and nominal
accounts separately in related accounts.
 In other words, the group of accounts recorded in a book
is called ledger.
 Posting is also process of grouping of all the transactions
relating to a particular account at one place.
 Balancing means the writing of the difference between
the amount columns of the two sides in the ledger side, so
that the totals of the two sides become equal.

3. The excess of debit total over
the credit total is called the
debit balance
The excess of credit total over
the debit total is called the
credit balance

4. Proforma of ledger

5. 1. Prahlad invested 5,00,000 cash in the business
2. Paid into bank 60,000
3. Purchased building 2,00,000
4. Purchased goods for 50,000
5. Sold goods for 80,000
6. Withdrew cash from bank 12,000
7. Paid internet 2,000
8. Paid salary 18,000
Transactions

6. Journal entries
Debit Credit
1.Cash a/c 5,00,000 To capital a/c 5,00,000
2.Bank a/c 60,000 To cash a/c 60,000
3.Buildings a/c 2,00,000 To cash a/c 2,00,000
4.Purchase a/c 50,000 To cash a/c 50,000
5.Cash a/c 80,000 To sales a/c 80,000
6.Cash a/c 12,000 To bank a/c 12,000
7.Internet a/c 2,000 To cash a/c 2,000
8.Salary a/c 18,000 To cash a/c 18,000

7. Ledger accounts
Date Particulars J.F
NO
AMOUNT Date Particulars J.F
NO
AMOUNT
To cap a/c
To sales /c
To bank a/c
To balance b/d
5,00,000
80,000
12,000
________
5,92,000
_______
2,62,000
By bank a/c
By buildings a/c
By purchase a/c
By internet a/c
By salary a/c
By balance c/d
60,000
2,00,000
50,000
2,000
18,000
2,62,000
_________
5,92,000
_________
Dr cash a/c cr

8. date particulars J
f
n
o
amount date particulars J
f
n
o
amount
To balance c/d 5,00,000
_______
5,00,000
_______
By cash a/c
By balance b/d
5,00,000
_____________
5,00,000
_____________
5,00,000
Dr capital a/c cr

9. date particulars Jf
no
amount date particulars Jf
no
amount
To cash a/c
To balance b/d
60,000
_________
60,000
_________
48,000
By cash a/c
By balance c/d
12,000
48,000
_________
60,000
_________
Dr bank a/c Cr

10. date particulars Jf
no
amount date particulars Jf
no
amount
To cash a/c
To balance b/d
2,00,000
_______
2,00,000
_______
2,00,000
By balance c/d 2,00,000
________
2,00,000
________
Dr Buildings a/c Cr

11. date particulars Jf
no
amount date particulars Jf
no
amount
To cash a/c
To balance b/d
50,000
________
50,000
________
50,000
By balance c/d 50,000
_______
50,000
_______
Dr Purchase a/c Cr

12. date particulars Jf
no
amount date particulars Jf
no
amount
To balance b/d 80,000
________
80,000
________
By cash a/c
By balance b/d
80,000
_______
80,000
_______
80,000
Dr sales a/c cr

13. date particulars Jf
no
amount date particulars Jf
no
amount
To cash a/c
To balance b/d
2,000
_______
2,000
_______
2,000
By balance c/d 2,000
________
2,000
________
Dr internet a/c Cr

14. date particulars Jf
no
amount date particulars Jf
no
amount
To cash a/c
To balance b/d
18,000
_______
18,000
_______
18,000
By balance c/d 18,000
________
18,000
________
Dr salary a/c cr