The process of condensing and classifying the articles done in the journal is called ledger account. In this the account of money – book is kept. In Khatavahi, all the transactions are written according to the account, in which there are two columns of debit and credit.
Ledger account format
Dr. Cr.
| Date | Particular | J.F | government office | Date | Particular | J.F | government office |
1. Date
In this, the date is written on which the date is soda.
2. Particular
In this, accounting is done according to the relevant rules.
3. Folio Journal
In this, the number is written on the page from which the ledger of the journal entry is made.
4. Amount
In this, the amount is written, which is added to the debit while creating the ledger.
Ledger account format example
1- Sudhir started business – 40000.
2- Bought goods – 25000.
3- Goods sold – 30000.
4- Bought goods from Sohan – 18000.
5- Sold goods to Ramesh – 20000.
6- Gave cash to Sohan – 18000.
7- Cash received from Ramesh – 20000.
8- Bought cash goods from Dinesh – 19000.
9- Withdrawals for personal use – 500.
10- Bought goods from Dinesh – 17000.
11- Cash was given to Dinesh Rs. 16980, it got a discount of Rs. 20. Of
12- Salary given – 500.
Journal Entry Solved
| Date | Particular | L/F | Amt Dr. | Office Cr. |
| 01-04-021 | Cash A/C Dr. Capital A/ C Cr. | 1 | 40000 | 40000 |
| 02-04-021 | Purchase A/C Dr. Cash A/C Cr. | 1 | 25000 | 25000 |
| 03-04-021 | Cash A/C Dr. Sales A/C Cr. | 1 | 30000 | 30000 |
| 04-04-021 | Purchase A/C Dr. Sohan’s A/C Cr. | 1 | 18000 | 18000 |
| 05-04-021 | Ramesh’s A/C Dr. Sales A/C Cr. | 1 | 20000 | 20000 |
| 06-04-021 | Sohan’s A/C Dr. Cash A/C Cr. | 1 | 18000 | 18000 |
| 07-04-021 | Cash A/C Dr. Ramesh’s A/C Cr. | 1 | 20000 | 20000 |
| 08-04-021 | Puchase A/C Dr. Cash A/C Cr. | 1 | 19000 | 19000 |
| 09-04-021 | Drawing A/C Dr. Cash A/C Cr. | 1 | 500 | 500 |
| 10-04-021 | Purchase A/C Dr. Dinesh’s A/C Cr. | 1 | 17000 | 17000 |
| 11-04-021 | Dinesh’s A/C Dr. Discount A/C Cr. Cash A/C Cr. | 1 | 17000 | 20 16980 |
| 12-04-021 | Salary A/C Dr. Cash A/C Cr. | 1 | 500 | 500 |
Creating a Ledger from Journal Entry
1. Cash A/C
| Date | Particular | J.F | government office | Date | Particular | J.F | government office |
| 01 | To Captial A/C To Salesh A/C To Ramesh’s A/C Total Amount To Balance B/D | 40000 30000 20000 90000 10020 | 02 06 08 09 11 12 | By Purchase By Sohan’s A/C By Purchase A/C By Drawing A/C By Dinesh’s A/C By Salary By Balance C/D Total Amount | 25000 18000 19000 500 16980 500 10020 90000 |
2. Capital A/C
| To Balance C/D Total Amount | 40000 40000 | 01 | By Cash A/C Total Amount | 40000 40000 |
3 Purchase A/C
| 02 04 08 10 | To Cash A/C To Sohan’s A/C To Cash A/C To Dinesh’s A/C Total Amount | 25000 18000 19000 17000 79000 | By Balance C/D Total Amount | 79000 79000 |
4 Sales A/C
| To Balance C/D Total Amount | 50000 50000 | 03 05 | By Sales A/C By Ramesh’s A/C Total Amount | 30000 20000 50000 |
5 – Sohan’s A/C
| 06 | To Cash A/C Total Amount | 18000 18000 | 04 | By Purchase A/C Total Amount | 18000 18000 |
6- Ramesh’s A/C
| 05 | To Sales A/C Total Amount | 20000 20000 | 07 | By Ramesh’s A/C Total Amount | 20000 20000 |
7- Drawing A/C
| 09 | To Cash A/C Total Amount | 500 500 | By Balance C/D Total Amount | 500 500 |
8- Dinesh’s A/C
| 11 12 | To Discount A/C To Cash A/C Total Amount | 20 16980 17000 | 10 | By Purchase A/C Total Amount | 17000 17000 |
9- Discount A/C
| To Balance C/D Total Amount | 20 20 | 11 | By Dinesh’s A/C Total Amount | 20 20 |
10- Salary A/C
| 12 | To Cash A/C Total Amount | 500 500 | By Balance B/D Total Amount | 500 500 |