Posting Journals to the

Previous lesson: Balancing T-Accounts 
Next lesson: Control Accounts

As previously mentioned, the second step in the accounting cycle is recording the accounting journals. 

The third step is posting journals to the ledger (T-accounts).

What does this mean? Posting means to transfer the information calculated in the journals to the various T-accounts in the ledger.

Let's see exactly how this transfer is done. Look through the journals and T-account below, then read on for the explanation:

Cash Receipts Journal
Bank T-Account

In practice we would not put each individual transaction concerning bank into the "bank" T-account. Instead, we would simply take the total of cash receipts from the cash receipts journal (column "bank") and insert this on the debit side of the "bank" T-account. We would likewise take the total of cash payments from the cash payments journal (column "bank") and insert this on the credit side of the "bank" T-account.

This is the act of posting the journals to the ledger.

As you can see, we get to the same closing balance as in the previous lesson where we learned how to balance T-accounts.

In conclusion, the T-account thus shows the opening and closing balances and the individual transactions during the period covered. The T-account is a summary record of everything that occurred with a specific accounting item during a certain period of time.

Return from Posting Journals to the T Accounts to The Accounting Cycle 

Return to the Home Page 

Previous lesson: Balancing T-Accounts 
Next lesson: Control Accounts

Enjoying this Website?
Help Support it with a Donation


Questions Relating to This Lesson

Click below to see questions and exercises on this same topic from other visitors to this page... (if there is no published solution to the question/exercise, then try and solve it yourself)

Closing entries for non-profit (donating remaining items)? 
Q: I am trying to close accounts for a non-profit company. They have remaining t-shirts and food that they are donating to another charity (homeless …

Which Journal Does This Transaction Go Into? 
Which journal does this transaction go into? Sammy stores issued us an invoice for stationery purchased from them, R759.

Opening Balances Differences 
Q: What are possible reasons for differences occurring in closing balances and opening balances for next period? A: Not sure. There shouldn't be …

Creditors Allowances Question 
Q: Where does the creditors allowances go?

Q: What is the formula to calculate cost of sales? What is the formula to calculate net profit? A: Formula for cost of sales: Cost of sales = Opening …


Have your say about what you just read! Leave me a comment in the box below.

Advertise on

Additional Info

Get Your Degree!

Find schools and get information on the program that’s right for you.

Powered by

All the lessons on this site and much, much more...

Accounting Basics: Complete Guide

Available Now On