Enumerate
the steps to be taken in the preperation of a ledger
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1. Drawing the Form – Get pen and paper, Start Drawing the Ledger Account.
2. Posting Transactions from Journal to Respective Ledger Account.
3. Folioing – Put the Page Number for a Journal Entry on the Ledger Account’s Folio Column.
4. Casting – Separating Debit and Credit Amount.
5. Balancing – Find the Difference between Debit and Credit to get Debit or Credit balance of the Account.
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