Ledger and posting

Meaning of ledger:
              Transaction are first recorded in journal and then the record of journal is transferred in another book which is called ''ledger''. The methods of writing from journal to ledger is called ''posting''. Ledger contains ''accounts''.
Specimen of ledger:

Meaning of posting:
       Posting refers to the process of transferring the entries recorded in journal in the respective accounts in ledger.Posting process can be carried out at any time.
Methods of Posting:
The act of separately transferring each entry from journal to the respective account in the ledger is called posting. Post

1. Recording the relevant amount on the left hand side of the account which according to journal is to be debited.
2. Recording the amount on the right hand side of the account which, according to the journal, is to be credited.

In the ledger account, the first entry on the debit side is preceded by the word “To” and the first entry on the credit side is preceded by the word “By.” The sign of ditto is placed before the subsequent entries.

Folio:

Folio means folded page of account books. Account books are usually made of sheers of paper folded at the middle and vertically divided into two pages, each of which is called a folio. For ready reference the pages of our books should be numbered in numerical order. When we post the various entries from the journal into the ledger, we should write the ledger page in the ledger folio column of the journal and the page of the journal in the journal folio column of the ledger.