What are the steps in the posting process for the debit side of an entry?
The steps in the posting process for the debit side of an entry are:
Step 1: In the ledger, locate the debit account named in the journal entry.
Step 2: Enter the date of the transaction in the ledger and, in the Post. Ref. column, the journal page number from which the entry comes.
Step 3: In the Debit column of the ledger account, enter the amount of the debit as it appears in the journal.
Step 4: Calculate the account balance and enter it in the appropriate Balance column.
Step 5: Enter in the Post. Ref. column of the journal the account number to which the amount has been posted.
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