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Chapter 6 - Done
Chapter 6 - Done
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CHAPTER 6:
POSTING
A. Posting and Ledger
After Journalizing, the next sequence of recording in accounting is posting. The purpose of posting
is to “move” the accounts that are listed in the book of journal to the same accounts listed in the general
ledger.
What is ledger? Ledger is a media (in the past usually in the form of a book) that consists of
accounts where each account contains changes that happens within that account. The basic
information that usually to be found in each account are:
1) Date of transaction,
2) Short decription of the transaction, and
3) Monetary value.
4) Debet Credit Position
The main purpose of posting could be considered the same as a classification. In this case, the
basic information used for the classification is the accounts. By doing posting then the business unit
could know the changes that happened in each account, and the position of each account any time. For
instance, the business unit could know the amount of cash (according to the record) at any time by
seeing the cash account in the ledger. The way it is done is by calculating the difference between the
total monetary value of the debit side and total monetary value of the credit side. The difference is
called the balance.
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B. Steps of Posting
The steps of posting are as follows:
1. Pay attention to the account name and/or the account code in the debit which is in the book of
journal.
2. Look for the account name or account code that is appropriate in the general ledger.
3. Write down the date and the monetary value (in this case is in rupiah) in the general ledger
account that is appropriate with the one that is listed in the book of journal. Remember, the
information is written in the debit side.
4. If there are more accounts in the debit side, then repeat step 1, 2, and 3 until all of the accounts in
the debit are already moved to the accounts in the general ledger. If the accounts are not
available yet, then create a new account in the general ledger.
5. Pay attention to the account name and/or the account code in the credit which is in the book of
journal.
6. Look for the account name or account code that is appropriate in the general ledger.
7. Write down the date and the rupiah value in the general ledger account that is appropriate with the
one that is listed in the book of journal. Remember, the information is written in the credit side.
8. If there are more accounts in the credit side, then repeat step 5, 6, and 7 until all of the accounts
in the credit are already moved to the accounts in the general ledger. If the accounts are not
available yet, then create a new account in the general ledger.
In a manual system, just like in this book, use the account name for the identification of the
classification. While in the computerized system, the account code is usually used for the basic
classification. The following picture illustrates the process of posting the accounts from the book of
journal to the general ledger for a transaction of transferring funds in the form of cash from the owner to
the business unit.
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C. Application of Posting
The following are the illustrations of posting in RAPI business unit.
Illustration A: May 1 RAPI received cash of Rp400.000 from Mr. IMRAN
Journalizing & Posting:
CASH CAPITAL
Date Description Debit (Rp) Date Description Credit (Rp)
01/05 Capital 400.000 01/05 Cash 400.000
deposit
EQUIPMENT CASH
Date Description Debit (Rp) Date Description Credit (Rp)
02/05 Cash 150.000 02/05 Equipment 150.000
Illustration C: May 3 RAPI business unit paid the electricity bills in the amount of Rp46.000 that is
received today from the State Electricity Company.
Journalizing & Posting:
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Illustration E: May 23 RAPI bought a lounge chair worth Rp600.000 on credit. The repayment is agreed
that it will be done in 1 month later.
Journalizing & Posting:
Illustration F: May 25 RAPI gained service revenue on credit from hair cutting in the amount of
Rp500.000 that will be paid later by the customer in 1 month later.
Journalizing & Posting:
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COMPETENCE TEST
Exercise 1:
Do the journalizing and posting against the transactions that occur in AKUNTAMATIKA business unit
that operates in the field of course services and accounting consulting. This business unit is established
by Mrs. SABAR
Example: Dec. 01 AKUNTAMATIKA received cash of Rp7.500.000 from Mrs. SABAR as an initial
capital deposit.
Journalizing & Posting:
CASH CAPITAL
Date Description Debit (Rp) Date Description Credit (Rp)
01/12 Capital 7.500.000 01/12 Cash 7.500.000
deposit
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Transaction 3: Dec. 05 AKUNTAMATIKA received cash of Rp4.150.000 from the participants who
joined the courses.
Journalizing & Posting:
Transaction 4: Dec, 10 AKUNTAMATIKA paid the salary expense in the amount of Rp1.270.500.
Journalizing & Posting:
............................ .................................
Date Description Debit (Rp) Date Description Credit (Rp)
Transaction 5: Dec. 13 AKUNTAMATIKA gave a consulting service in the form of accounting consulting
worth Rp6.400.000 to ADIL institution. The payment will be done 2 times in the next 3
months.
Journalizing & Posting:
............................ .................................
Date Description Debit (Rp) Date Description Credit (Rp)
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Transaction 6: Dec. 15 AKUNTAMATIKA receives cash in the amount of Rp1.500.000 from Mrs.
SABAR as an additional capital deposit.
Journalizing & Posting:
............................ .................................
Date Description Debit (Rp) Date Description Credit (Rp)
Transaction 7: Dec. 16 AKUNTAMATIKA paid cash to settle their debt in the amount of Rp4.650.000.
Journalizing & Posting:
............................ .................................
Date Description Debit (Rp) Date Description Credit (Rp)
Transaction 8: Des. 17 AKUNTAMATIKA received bill of Rp175.000 from the advertisement agent
because they had install an advertisement for AKUNTAMATIKA in the local news. As
agreed, the bill will be settled in 1 month to come.
Journalizing & Posting:
............................ .................................
Date Description Debit (Rp) Date Description Credit (Rp)
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............................ .................................
Date Description Debit (Rp) Date Description Credit (Rp)
Transaction 10: Dec. 23 AKUNTAMATIKA handed over cash in the amount of Rp700.000 to Mrs.
SABAR as the owner to be used for personal purposes.
Journalizing & Posting:
............................ .................................
Date Description Debit (Rp) Date Description Credit (Rp)
Exercise 2:
Do the journalizing and posting against the transactions that occur in AMANAH business unit that
operates in the field of package delivery services. This business unit is established by Mr. SUBUR
Example : June 01 AMANAH received office equipment that consist of desk valued Rp4.750.000
from Mr. SUBUR as an additional capital deposit.
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Transaction 1: June 02 AMANAH bought a computer on credit in the amount Rp8.800.000 from ILMU
store.
............................ .................................
Date Description Debit (Rp) Date Description Credit (Rp)
Transaction 2: June 03 AMANAH bought paper and pen on cash in the amount of Rp470.000 from
RAJIN store.
Date Account Name Debit (Rp) Credit (Rp)
.......
............................ .................................
Date Description Debit (Rp) Date Description Credit (Rp)
Transaction 3: June 05 AMANAH paid on cash the employees’ salary in the amount of Rp1.150.000.
Date Account Name Debit (Rp) Credit (Rp)
.......
............................ .................................
Date Description Debit (Rp) Date Description Credit (Rp)
Transaction 4: June 08 AMANAH gave cash of Rp400.000 to Mr. SUBUR for personal purposes, not for
AMANAH purposes.
Date Account Name Debit (Rp) Credit (Rp)
.......
............................ .................................
Date Description Debit (Rp) Date Description Credit (Rp)
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Transaction 5: June 10 AMANAH sent a variety of packages from customers. For the service, AMANAH
received cash of Rp8.129.000.
Date Account Name Debit (Rp) Credit (Rp)
.......
............................ .................................
Date Description Debit (Rp) Date Description Credit (Rp)
............................ .................................
Date Description Debit (Rp) Date Description Credit (Rp)
Transaction 7: June 13 AMANAH bought on credit office furniture Rp2.750.000 and packing equipment
of Rp1.350.000. Payment will be done next month.
Date Account Name Debit (Rp) Credit (Rp)
.......
............................ .................................
Date Description Debit (Rp) Date Description Credit (Rp)
............................
Date Description Debit (Rp)
Transaction 8: June 15 AMANAH received the electricity bills from the State Electricity Company in
the amount of Rp183.000. AMANAH will pay these bills in the next 3 weeks.
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............................ .................................
Date Description Debit (Rp) Date Description Credit (Rp)
Transaction 9: June 17 AMANAH bought a vehicle worth Rp15.000.000 that is paid on cash in the
amount of Rp5.000.000, and the rest will be in installments for 5 times in 1 year.
Date Account Name Debit (Rp) Credit (Rp)
.......
............................ .................................
Date Description Debit (Rp) Date Description Credit (Rp)
.................................
Date Description Credit (Rp)
Transaction 10: June 20 AMANAH received from Mr. SUBUR an additional paid in capital (capital
deposit) in the form of cash in the amount of Rp8.000.000.
Date Account Name Debit (Rp) Credit (Rp)
.......
............................ .................................
Date Description Debit (Rp) Date Description Credit (Rp)
Transaction 11: June 23 AMANAH gave a packing delivery service (service revenue) according to
customers’ demand. The amount the revenue is recognized is Rp19.300.000 whereas
some part of it is a transaction on cash Rp10.000.000, and the rest is on credit.
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.......
............................ .................................
Date Description Debit (Rp) Date Description Credit (Rp)
............................
Date Description Debit (Rp)
............................ .................................
Date Description Debit (Rp) Date Description Credit (Rp)
Transaction 13: June 27 AMANAH received cash of Rp12.000.000 from rent of space for a period of 1
year starting from next beginning of July.
Date Account Name Debit (Rp) Credit (Rp)
.......
............................ .................................
Date Description Debit (Rp) Date Description Credit (Rp)
Transaction 14: June 27 AMANAH bought a computer worth Rp5.000.000 which the payment is directly
from Mr. SUBUR’s cash as the owner. This payment is considered to be an additional
paid in capital (capital deposit).
Date Account Name Debit (Rp) Credit (Rp)
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.......
............................ .................................
Date Description Debit (Rp) Date Description Credit (Rp)
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