Rules of Posting

 Like double entry rules for passing journal entries, there are also posting rules in ledger. It is also simple who understood it and use in practical student life or real life. Ok, come and learn these rules 

1st Rule. In ledger, we must keep one account one time and for posting, we will not open duplicate accounts

For example, in one month, we have done the business with mohan 10,000 times and 10,000 transactions and journal entries are relating to Mohan account but we will open only one mohan account in our ledger. 

2nd Rule. In the debit side of account, we will start posting with To and in the credit side of account we start with By

To or by is identification of posting in correct side. 

3rd Rule :  (A) If any account debited in journal entry, we will open its account if not open and in its debit side we will write other account and amount in posting.

This rule helps us for correct debit side posting in ledger account

(B) If any account credit in journal entry, we will open its account if not open and in its credit side we will write other account of journal entry and amount in posting. 

This rule helps us for correct credit side posting in ledger account