A doubt , Source documents to Journal to Ledger

Jun 2019
14
0
India
Is this definition wrong in the Ledger account ?



The Dr side says , To name of the account to be credited .
The Cr side says , To name of the account to be debited .

Is that the correct way or is it this way ?

The Dr side , To name of the account to be debited .
The Cr side , To name of the account to be credited .

Please help
 
Jun 2019
14
0
India
I got the answer from a book ,

2.4.1 Posting
Posting means the process of transferring all the debits and credit items from the journal onto
the accounts maintained in the ledger. Each amount entered in the debit column of the journal
is posted by entering it on the debit side of the account in the ledger with relevant details;
similarly, each amount entering it on the credit side of the account in the ledger with relevant
details.
The Procedure of Posting:
i) Enter the debit aspect of the transaction entered in journal on the debit side of the
account in the ledger with all the relevant details in the respective column.
ii) In the Folio column of the journal the page number of the ledger in which posting is
done is entered.
iii) Now enter the credit aspect of the transaction in journal on the credit side of the
account in the ledger with all the relevant details in the respective column.
iv) The entering of the folio number on the corresponding page as explained in item 2
above to be repeated in case of the credit item.
v) It is customary to prefix the name of the account credited and entered on the debit side
of the account in the ledger with word ‘To’.
vi) Similarly the name of the account debited and entered on the credit side of the
account in the ledger is prefixed with ‘By’.

Thanks