A book containing a page or more for every account in the Coeur d’Alene business. After a transaction is recorded in the general journal, the components are then transferred or posted to the individual accounts in the general ledger. Thus, at any time someone can review the individual accounts in the general ledger to determine their current balances.
The process of posting journal entries to ledger accounts is very simple. No new information is needed to prepare ledger accounts for your Coeur d’Alene business. The information that has already been recorded in the journal is just transferred to the relevant ledger accounts.