Ledger accounts tips

To understand ledger postings. You need to have knowledge of Journal. You better start studying Pre University(First Year) accounts. It will clarify all your doubts. Authors like B S Raman & T V Raju ...etc

Its too time consuming to expalin the concept on CCI Forum. No body will type the whole content.

Better to refer +1 Accounts Book. it will provide the clear & basic points. You will learn it easily.

Originally posted by : Srini
	Hello pal, I'm doing my ICWA foundation i dont have any back ground knowledege about accounting since i had took science in higher school. I kindly request you say about ledger accounts how they are posted? what is balance c/d and b/d.. ? how to know to record the entries in dr. side or cr. side.?  I need to understand the clear concept of debit and credit   Please help me.   Thank you in advance.

1. If there is an increase in asset A/c- Debit the asset account

2. If there is an decrease in asset A/c- credit the asset account

Please refer the following book for easy and better understanding of basic accounting methods

Accounting

Originally posted by : Deepti
	Originally posted by : Srini Hello pal, I'm doing my ICWA foundation i dont have any back ground knowledege about accounting since i had took science in higher school. I kindly request you say about ledger accounts how they are posted? what is balance c/d and b/d.. ? how to know to record the entries in dr. side or cr. side.?  I need to understand the clear concept of debit and credit   Please help me.   Thank you in advance. 1. If there is an increase in asset A/c- Debit the asset account 2. If there is an decrease in asset A/c- credit the asset account Please refer the following book for easy and better understanding of basic accounting methods Accounting

1. If there is an decrease in income- Debit the income account

2. If there is an increase in income - Credit the income account

Well Srini its tooo time consuming to explain what is ledger accounts and how it prepare. pls start preparation from Intermediate stage. What i mean to say start preparation like this,

1.Meaning of accountancy, book keeping

2. Golden rules of accounts

3. Journal

4. Ledger

3. Subsidary Ledger accounts

4. 2 colmns, 3 colmns cash books

5. T/B

6. Rectification of errors

7. Final accounts

8. Final accounts with adjustments