Ledger

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 March 2012 in Posting why in journal entries debit side goes credit side in ledger posting
For Exp.Fixed Assets Dr.
to Bank A/c
(Fixed Assets Purchased By Bank)
How to prepare ledger explain in deeply &why

CA. Aryendra

CA. Aryendra (Expert)
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01 March 2012 Dear Friend,

Entry does not go to opposite side. See the ledger account will be as under:

Fixed Assets Account (Ledger A/c )
-----------------------
To Bank Dr 20,000
(entry has been posted in debit side as per journal entry but the referral head is of credit side only.
Bank Account (Ledger A/c)
--------------
By Fixed Assets Cr. 20,000

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