Making a general ledger is a crucial part of the accounting process. An accounting ledger refers to a record that consists of the accounts used by the company, debits, and credits under each account, and the resulting balances. Accounting ledger is also known as the last report in the accounting, the book of final entry which records the data summary based on the categorized journal. Usually, the ledger accounts do not inform the detail data, such as payable, receivable, and inventory. Therefore to have detail information regarding payable, receivable, and inventory, other accounts are required to be categorized in a record or cards collection named subsidiary ledger.
Based on the form, the ledger is divided into 4 forms, T-formed ledger (simple), skontro form, staffle form, and double staffle form. Selecting the ledger form is based on the company’s needs, as measured by the transaction volume or number of accounts by considering the accuracy in posting the ledger.
In recording a ledger, the account on the balance sheet side is recorded as a debit balance and an account on the balance sheet side is recorded as a credit balance. Recording date of transactions taken from the date of the transaction in the journal, to the column of the account of the general ledger.Recording of information taken from the description/description from the journal to the description column on the account of the relevant ledger. Recording a number of debits in the journal to the respective account debit column, and recording the number of credits in the journal to the credit column of the account in question.Recording of the journal page number to the reference column (Ref) of the ledger account concerned. If the account in the journal has been booked into the ledger account, in the journal reference column the account code number is recorded.If a three-column or four-column account is used, look for the balance by comparing the amount of the balance with the recording of the transaction. The debit recording will increase your debit balance or reduce your credit balance, while credit recording will reduce your debit balance or increase your credit balance.
