Q.What is posting? State any four rules to be followed while posting a journal entry into the Ledger.

Every journal entry has to actually reach the two accounts it affects — that transfer step has its own name and its own rules.

Posting is the process of transferring the debit and credit aspects of a journal entry to their respective accounts in the Ledger. Four of its rules: the account debited in the Journal is posted to the Debit side with "To <other account>"; the account credited is posted to the Credit side with "By <other account>"; the date posted is the …

Posting is the process of transferring the debit and credit aspects of a journal entry to their respective accounts in the Ledger. Since every journal entry affects two accounts, posting is always done twice for each entry — once to the account debited and once to the account credited.

Rules of posting

1. A separate account must be opened in the Ledger for every account named in the Journal, if one does not already exist.
2. The account debited in the Journal is posted to the Debit side of that account in the Ledger, using the words "To" followed by the name of the account credited in the same entry.
3. The account credited in the Journal is posted to the Credit side of that account in the Ledger, using the words "By" followed by the name of the account debited in the same entry.
4. The date entered in the Ledger is the same as the date of the journal entry.
5. The amount posted is exactly the amount shown against that entry in the Journal. …

A very common mistake is writing the NAME OF THE ACCOUNT ITSELF in its own Particulars column (e.g. writing "To Cash A/c" inside the Cash Account) instead of the name of the OTHER account involved in that entry — the Particulars colu …