The Way in Which Cash and Capital Entries Should be Posted in the Ledg

Chapter

ABSTRACT

Now that you have been instructed in these things, the first entry of Chapter 12 shall be posted to the Ledger, debiting Cash and crediting Capital. But first, write down the year in the Ledger using Roman numerals: MCCCCLXXXXIII. It is not customary to put the day at the top of the Ledger as is done in the Journal. This is because one account in the Ledger will cover several days, and therefore you cannot observe chronological order for days by putting them at the top. The day is recorded in the body of the entry. The reason for this will be explained more fully in Chapter 16.

The Way in Which Cash and Capital Entries Should be Posted in the Ledger. The Date Which Is Written at the Top of the Page According to Ancient Custom. Changing the Date. How to Arrange the Space on the Pages for Small and Large Accounts in Accordance With the Requirements of the Business.

ABSTRACT