The Most Convenient And Fastest Way Of Posting Journal Entries To The Ledger

The Correct Answer Of Short Question Is T-Account

The most convenient and fastest way of transferring Journal Entries to the Ledger is by using T-Account as it is easy to record accounts (Assets, Liabilities, Equity, Revenues and Expenses) on t-account having a title of a particular account and having a left side (or debit side) and a right side (credit side).

For example, if salary t account is prepared, then it is shown below:

Salary T Account

For The Month Of July, 2023

  Date            Particulars             Amount             Date           Particulars          Amount

July 2023                                          $               July 2023      Particulars                  $

 5th July          Cash a./c             3000        

                                                                            31st July      Balance c/d          3000

The entry recorded on 5th July, 2023, is transferred from journal. The balance carried down (Balance c/d) shows the balance which is transferred to Income Statement

All the accounts are finally transferred to concerned ledger's account at the end of the accounting period. This process of transferring accounts from journal to ledger is called posting.