Posting example sentences

But while posting to the ledger, Preetpal s account was debited with Rs.Entries marked C (being contra entries as explained earlier) are ignored while posting from the cash book to the ledger.It implies that if the sum of all debits equals the sum of all credits, it is presumed that the posting to the ledger in terms of debit and credit amounts is accurate.Managing disposal of garbage sensibly, for example, by encouraging separation of biodegradable garbage from nonbiodegradable waste, or composting of kitchen waste.An error in an amount posted to the correct ledger account may also be corrected in a similar way, or by making an additional posting for the difference in amount and giving an explanatory note in the particulars column.A trial balance is a statement showing the balances, or total of debits and credits, of all the accounts in the ledger with a view to verify the arithmatical accuracy of posting into the ledger accounts.The balancing of the an account is illustrated below with the help of an example explaining the complete process of recording the transactions, posting to ledger and balancing there of.In other words, posting means grouping of all the transactions in respect to a particular account at one place for meaningful conclusion and to further the accounting process.Error while posting a journal entry: a journal entry may not have been posted properly to the ledger, i.e., posting made either with wrong amount or on the wrong side of the account or in the wrong account.If error is of posting to a wrong account with wrong amount (without mentioning the side of posting) then assume that posting has been done on the right side.Any error in posting of individual transactions in subsidiaries books relates to individual account only, the sales account, purchase account, sales return account or purchases return account are not involved.Posting to the debit side of individual customer's accounts may be made daily.These are the errors which are committed due to wrong posting of transactions, wrong totalling or balancing of the accounts, wrong casting of the subsidiary books, or wrong recording of amount in the books of original entry, etc.Examples of such errors are error of casting; error of carrying forward; error of balancing; error of posting to correct account but with wrong amount; error of posting to the correct account but on the wrong side; posting to the wrong side with the wrong amount; omitting to show an account in the trial balance.For easy posting and location, accounts are opened in the ledger in some definite order.