Ledger Posting in Accounting

Ledger Posting in Accounting is a very important role in maintaining accounts books or record of the transaction. At the time of preparing accounts in any organization (business), to prepare different ledger accounts and also to find balance in each account is very important.

In view of the above information, separate accounts are prepared for the specific information from the accounting entries. The different types of accounts are prepared in a separate book, which is known as a Ledger Book.

The purpose of accounting is not only limited to recording monetary receipts and payment. On the basis of the summary of accounts, proper decisions regarding the business policy can be taken. Necessary and useful information to an organization as wells as different summaries can be easily and quickly obtained from the ledger. Thus the fulfilment of the main objects of accounting is possible with the help of the ledger only. Therefore ledger is known as King of Books.

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