Can Anyone Share a Simple General Ledger Example for Beginners?

[rajivkumar]

Hi everyone,
I’m trying to understand how a general ledger works and what a basic example looks like. I know it records all financial transactions, but I’m not sure how the entries are structured or how debits and credits appear in the ledger.


Can someone share a simple, clear general ledger example—maybe for a basic business transaction? I’m learning accounting and want to make sure I understand the format correctly.

 

[inshya]

A simple general ledger example involves setting up individual accounts for different types of transactions (like Cash, Revenue, and Expenses) and posting entries using a debit/credit system. For instance, if a business receives
$1,000$ 1 comma 000
in cash from a sale, the Cash account would be debited, and the Sales Revenue account would be credited for
$1,000$ 1 comma 000
. This process groups similar transactions together and ensures debits equal credits for each transaction.