Format of Ledger
Ledger is a T-format account where the debit is depicted on the left side, and the credit is depicted on the right side. The columns include date, particulars, journal folio (JF), and amount.
Debit: The debit side of an account represents when the debit increases.
Credit: The credit side of an account represents when the credit increases.
Date: The date on which the transaction takes place.
Particulars: The contra entry of the concerned account according to the double entry system is shown under this head.
Journal Folio: The reference number of the journal entry from the journal.
Amount: It is the amount debited or credited to a particular amount during the transaction.
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