Format of a Ledger Video Lecture | Accountancy Class 11 - Commerce

let us look at the format of an edger
yeah we debit and the ledger has like I
said two sides is the debit side is the
credit side each side has a date
particulars for your journal folio and
Hammad death particulars journals for
your hand among whenever an account is
debited written on the debit side when
it's credited transactions are entered
on the current site if suppose I take
the bad debts account bad debt
transaction where we sold goods to a
month we sold goods to our month for ten
thousand the entry was almonds account
debit to sales ten thousand then he paid
us money so we said cash account debit
to a month he said three thousand and we
passed one more entry saying bad debts
account debit since he was not going to
pay to all mine we said seven thousand
suppose how much account was to be
prepared here what is the method how
much account debit so we come this is
Ombuds account we come to the debit side
we put the date whatever date of this
transaction is and what do we say
almonds account is debited on account of
sales so we write here to save us what
is the amount ten thousand this way our
Mudds account stands Debbie tell how
much account Stan's debited the sales
account I'm not prepared in here let us
just see what else happens to Hammad's
account it says here cash account debit
to almond and I say cash account debit
to Hamid it means how much account has
been credited so I come to the credit
side I don't know what was this date
maybe year one and maybe it was 34
yeah
so account discredited I come to the
credits and credit said what will I
write now I will write the corresponding
account that is cash by convention I
write by here by cash amount of 3,000
now if I look at the two sides I see
there is a debit 10000 there is a credit
3000 a balance of 7000 which side is
more the debit side is more this means
what does this mean this means how much
as a debit balance on our month cause me
there is an amount receivable from Hamid
amounting to 10 minus 3 7000 similarly
the next transaction may be this was
again the same time yet to end year 1n
31st what is it say again almonds
account is credited for 7000 almonds
account is credited person so come to
almonds account come to the credit side
on the credit side by convention rewrite
by by what corresponding account that is
bad bet account
bye-bye write that how much 7000 with
this Albert's account is closed a total
of both sides and say the soundest
reached this is how this this
transferring of information from the
journal to the ledger this is called
posting this is called post just like we
made our mugs account we would similarly
make sales account we will similarly
make cash account we will similarly make
but it's a culture well the debit side
of a bulk of an account is more than the
credit side we say there is a debit
balance and when the credit side is more
we say it Seth
but let us post some transactions and
then we will understand how accounts are
balanced our accounts of portal