Format of ledger account
The ledger account is prepared in T format. It is divided into two parts. Left side is debit side and right side is credit side. Each side contains four columns. The name or title of the account is placed at the top middle and the details are entered in the ledger. The format of ledger account is given below:
Following are the details contained in the various columns in the ledger:
Date : Date of the transaction is recorded in this column.
Particulars : The account debited or credited is recorded in this column. On the debit side, the entries are made starting with ‘To’ and on the credit side, entries are made starting with ‘By’.
Journal Folio (J.F.): In this column, the page number of the journal or subsidiary books from which the entry has been posted to the ledger is noted.
Amount : The amount of the transaction is recorded in this column.