Do you know that just 5 ledger accounts can record 8 different transactions without reopening new ledgers? This is the powerful Smart Ledger Concept – where once a ledger is opened, it is continuously reused for future transactions instead of creating duplicate ledger accounts. In this post, you will clearly understand: ✅ How ledger reuse works ✅ Why duplicate ledgers should be avoided ✅ Step-by-step journal posting logic ✅ Smart method for exams & practical accounting This concept simplifies le

Day 18 of 50 Days Accounting Challenge. Understanding the concept of ledger posting and balancing is the foundation of accounting. In this reel, you’ll learn how transactions are transferred from the journal to their respective ledger accounts and how to find the closing balance at the end of the period. The focus is on how to post transactions related to purchases, cash, and creditors with complete conceptual clarity. Ledger is known as the book of final entry where all accounts are maintained