Definitions [3]
Definition : Computerised Ledger Software
A computerised ledger software is a computer program that helps record, organize, and manage all financial transactions quickly and accurately.
Definition : Posting
Posting is the process of transferring each entry from the journal or subsidiary books into the appropriate ledger account.
Definition : Balancing of A Ledger Account
Balancing a ledger account means adding up the debit and credit columns, finding the difference, and inserting this difference as 'Balance c/d' (carried down) on the side that totals less. This final balance is then brought forward for the next accounting period as 'Balance b/d' (brought down)
