Only the column totals for special amount columns in a journal are posted.

The cash account is the first asset account and is numbered 100.

When adding a new expense account between accounts numbered 510 and 520, the new account is assigned the account number 515.

A journal shows in one place all the changes in a single account.

Account numbers may be assigned by 10s so that new accounts can be added easily.

The posting reference should always be recorded in the journal’s Post. Ref. column before amounts are recorded in the ledger.

The only reason for the Post. Ref. columns of the journal and general ledger is to

indicate which entries in the journal still need to be posted if posting is interrupted.

The procedure of arranging accounts in a general ledger, assigning account numbers, and keeping records current is posting.

If a business has only two asset accounts, Cash and Supplies, the two accounts are

numbered 110 and 120.