Posting To Ledger T Accounts
The Steps i n Posting are usually applied when we manually transfer the Transactions to concerned Ledger’s T Accounts. Here is an example of posting transactions to Concerned Ledger’s T Accounts of a Sole Trader Or Sole Proprietor, Mr. A’s business. B usiness transactions are provided of Mr. A, A Sole Trader’s B usiness below. We firstly Journalizing these transactions and then post these to concerned ledger’s accounts. Suppose, On Jan. 1 Mr. A started business with Cash Rs. 100000, Goods worth Rs. 30000 and Furniture Rs. 15000. On Jan. 2. He purchased goods worth Rs. 40000 for Cash and Rs. 10000 on Credit From Mr. b. On Jan. 3. He sold goods worth Rs. 10000 for Cash and Rs. 5000 On Credit / On Account to Mr. C. O n 4 th June, he received Cash Rs. 5000 from Mr. C against credit sales. ...