31/03/2026
🔢 Standard Accounting Posting Order
Master the correct flow of accounting records from start to finish:
1. 📄 Source Documents
Invoices, receipts, vouchers, and bank slips — the proof of every transaction.
2. 📘 Journal Entries
Record transactions in chronological order using the double-entry system:
Debit (Dr) | Credit (Cr)
3. 📒 Ledger Posting
Transfer entries to individual accounts (Cash, Sales, Expenses, etc.) to organize data.
4. 📊 Trial Balance
Ensure accuracy: Total Debits = Total Credits.
5. 🔧 Adjusting Entries
Update for accruals, prepayments, and depreciation at period end.
6. 📊 Adjusted Trial Balance
Reflect all adjustments before reporting.
7. 📑 Financial Statements
Prepare:
• Income Statement
• Balance Sheet
• Cash Flow Statement
8. 🔒 Closing Entries
Close revenues, expenses, and drawings into capital/retained earnings.
9. 📊 Post-Closing Trial Balance
Final check for account accuracy.
🧠 Memory Tip:
S → J → L → TB → A → FS → C → PCTB
📌 **Example:**
Paid $500 rent in cash
Dr Rent Expense 500
Cr Cash 500
