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Posting to General & Subsidiary Ledgers in Accounting

Learn how to post journal entries to general and subsidiary ledgers, including accounts payable and accounts receivable. Understand the role of controlling accounts and how to maintain ledger forms. Prove the accuracy of accounts payable and accounts receivable ledgers.

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Posting to General & Subsidiary Ledgers in Accounting

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  1. Accounting I Chapter 12 – Posting to General & Subsidiary Ledgers

  2. TERMS REVIEW subsidiary ledger accounts payable ledger accounts receivable ledger controlling account Lesson 12-1, page 279

  3. TERMS REVIEW Subsidiary Ledger A ledger that is summarized in a single general ledger account. Lesson 12-1, page 274

  4. TERMS REVIEW Accounts Payable Ledger A subsidiary ledger containing only accounts for vendors from whom items are purchased or bought on account. Lesson 12-1, page 274

  5. TERMS REVIEW Accounts Receivable Ledger A subsidiary ledger containing only accounts for charge customers. Lesson 12-1, page 274

  6. TERMS REVIEW Controlling Account An account in a general ledger that summarizes all accounts in a subsidiary ledger. Lesson 12-1, page 274

  7. 1 2 5 3 4 POSTING A JOURNAL’S GENERAL AMOUNT COLUMNS 1. Write the date. 2. Write the journal page number. 3. Write the debit amount. 4. Calculate and write the new account balance. 5. Write the general ledger account number in the Post. Ref. column of the journal. Lesson 12-1, page 276

  8. 2 1 5 3 4 POSTING A JOURNAL’S SPECIAL AMOUNT COLUMNS 1. Write the date. 2. Write the journal page number. 3. Write the Cash Credit column total. 4. Calculate and write the new account balance. 5. Return to the journal and write the general ledger account number in parentheses below the Cash Credit column total. Lesson 12-1, page 277

  9. General amount column totals ARE NOT posted Special amount column totals ARE posted RULES FOR POSTING A JOURNAL’S COLUMN TOTALS Lesson 12-1, page 278

  10. STARTING A NEW PAGE FOR AN ACCOUNT IN A GENERAL LEDGER 2 1 3 4 5 6 1. Write the account title. 2. Write the account number. 3. Write the date. 4. Write Balance. 5. Place a check mark in the Post. Ref. column. 6. Write the account balance. Lesson 12-1, page 278

  11. Work Together & On Your Own – Page 279

  12. ACCOUNTS PAYABLE LEDGER AND GENERAL LEDGER CONTROLLING ACCOUNT Lesson 12-2, page 280

  13. OPENING ACCOUNTS PAYABLE LEDGER FORMS 2. Vendor Number 1. Vendor Name 1 2 Lesson 12-2, page 281

  14. 1 2 5 3 4 POSTING A CREDIT TO AN ACCOUNTS PAYABLE LEDGER 1. Write the date. 2. Write the journal page number. 3. Write the credit amount. 4. Calculate and write the new account balance. 5. Write the vendor number. Lesson 12-2, page 282

  15. 1 2 5 3 4 POSTING A DEBIT TO AN ACCOUNTS PAYABLE LEDGER 1. Write the date. 2. Write the journal page number. 3. Write the debit amount. 4. Calculate and write the new account balance. 5. Write the vendor number. Lesson 12-2, page 283

  16. STARTING A NEW PAGE FOR A VENDOR IN AN ACCOUNTS PAYABLE LEDGER 2 1 3 4 5 6 1. Write the vendor name. 2. Write the vendor number. 3. Write the date. 4. Write Balance. 5. Place a check mark in the Post. Ref. column. 6. Write the account balance. Lesson 12-2, page 283

  17. COMPLETED ACCOUNTS PAYABLE LEDGER Lesson 12-2, page 284

  18. Work Together & On Your Own – Page 285

  19. ACCOUNTS RECEIVABLE LEDGER AND GENERAL LEDGER CONTROLLING ACCOUNT Lesson 12-3, page 286

  20. OPENING ACCOUNTS RECEIVABLE LEDGER FORMS 1. Customer Name 2. Customer Number 1 2 Lesson 12-3, page 287

  21. 1 2 5 3 4 POSTING A DEBIT TO AN ACCOUNTS RECEIVABLE LEDGER 1. Write the date. 2. Write the journal page number. 3. Write the debit amount. 4. Calculate and write the new account balance. 5. Write the customer number. Lesson 12-3, page 288

  22. 5 1 2 3 4 POSTING A CREDIT TO AN ACCOUNTS RECEIVABLE LEDGER 1. Write the date. 2. Write the journal page number. 3. Write the credit amount. 4. Calculate and write the new account balance. 5. Write the customer number. Lesson 12-3, page 289

  23. COMPLETED ACCOUNTS RECEIVABLE LEDGER Lesson 12-3, page 290

  24. Work Together & On Your Own – Page 291

  25. TERMS REVIEW schedule of accounts payable schedule of accounts receivable Lesson 12-4, page 294

  26. TERMS REVIEW Schedule of Accounts Payable A listing of vendor accounts, account balances, and total amount due all vendors. Lesson 12-4, page 292

  27. TERMS REVIEW Schedule of Accounts Receivable A listing of customer accounts, account balances, and total amount due from all customers. Lesson 12-4, page 293

  28. PROVING THE ACCOUNTS PAYABLE LEDGER Lesson 12-4, page 292

  29. PROVING THE ACCOUNTS RECEIVABLE LEDGER Lesson 12-4, page 293

  30. Work Together & On Your Own – Page 294

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