The total of the debit of a particular ledger account is $10,000 and the total of credit of that ledger account is $8,000, -then the difference between these two sides amounting to $2,000 is a debit balance.ДЄs per the rule of debit and credit underВ the double-entry system, all expenditures and assets accounts show debit balance. If the total amount of the debit side is greater than the total amount of credit side of the ledger than the difference between both sides is called debit balance. The act of equalizing the total of both the sides by adding debit balance in the credit side and the credit balance in the debit side is called balancing. This sort of difference between the two sides of accounts is called balance. Thereafter the amount of difference is added in the deficit side to equalize both sides. But if the total of both sides is unequal, in that case, the difference is to be determined. In this case, nothing is left to be done. Balancing вЂ“ Find the Difference between Debit and Credit to get Debit or Credit balance of the Account.ДЄfter the totaling of debit and credit of ledger accounts, it shows that the total of both sides is made equal putting the difference on both sides the account is considered balanced. In this way totaling of debit and credit is called casting. The amount of debit and credit of each ledger account is totaled separately on both sides. Casting вЂ“ Separating Debit and Credit Amount. In this way writing of page number of the journal in the ledger and that of the ledger in the journal is called folioing. The page of the journal from which the journal entries are transferred to the particular ledger account that page number is written in the folio column of a ledger account and the page of the ledger wherein the account is posted the number of that page is written in the journal in the ledger folio column of the journal. Folioing вЂ“ Put the Page Number for a Journal Entry on the Ledger AccountвЂ™s Folio Column. In this regard, it is to be carefully noted that at the time of posting in the debit side of the ledger account, credit account of the journal is to be written in particular column and in the credit side of the ledger account debit account of that journal is to be written in particular column. The two accounts involved in each transaction are maintained in the ledger.ДЄ debit account of the journal is posted on the debit side of that account and the credit account of the journal is posted on the credit side of that account. The act of transferring the transactions from the journal to the respective accounts of the ledger is called posting. Posting Transactions from Journal to Respective Ledger Account. In the first column of both the sidesвЂ™ dates, the second particulars, and the third journal folio and the fourth amount are written. Thereafter, both sides are again divided into four columns i.e., this is divided into eight columns having four on the debit side and four on the credit side.

The left side of it is the debit side and the right side is the credit side. Drawing the Form вЂ“ Get pen and paper, Start Drawing the Ledger Account.Д®very leaf of the account is divided into two equal parts by a bold vertical line or two sharp vertical lines.

Balancing вЂ“ find the difference between debit and credit to get debit or credit balance of the account.ДЎ.Casting вЂ“ Separating debit and credit amount.Folioing вЂ“ Put the page number for a journal entry on the ledger accountвЂ™s folio column.Posting transactions from journal to respective ledger account.Drawing the Form вЂ“ Get pen and paper, start drawing the ledger account.So, the 5 simple steps for writing and preparing ledger are

How to do a ledger card