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CCP102

The document provides details of a teaching session on journal entries including: - Journalizing transactions from April 1-30 for Kumar's business, including starting the business, purchases, sales, expenses, deposits. - The objectives of the session are for students to learn to identify account types, apply debit/credit rules, and record entries in journal form. - A quiz example and frequently asked questions section are also included at the end.

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27 views

CCP102

The document provides details of a teaching session on journal entries including: - Journalizing transactions from April 1-30 for Kumar's business, including starting the business, purchases, sales, expenses, deposits. - The objectives of the session are for students to learn to identify account types, apply debit/credit rules, and record entries in journal form. - A quiz example and frequently asked questions section are also included at the end.

Uploaded by

api-3849444
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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DEPARTMENT OF TECHNICAL EDUCATION

ANDHRA PRADESH
Name : R. Radha
Designation :Assistant Lecturer
Branch :Commercial and Computer Practice
Institute :Central Institute of Commerce
Year :I year
Subject : Accountancy
Subject Code : CCP102.18
Topic : Journalization
Duration : 50 minutes
Sub Topic : Entries in journal
Teaching Aids :PPT, Animations
CCP102.18 1
Objectives

Upon the completion of this topic the


student will be able to know
 Identifying the type of account
 Applying rules of debit and credit
 Recording in journal form

CCP102.18 2
Journalise the following transactions in the books of
Kumar:
Rs.
April 1 Commenced business with a cash of 30,000
3 Cash sales 4,000
4 Bought Machinery 15,000
7 Sold goods to Raju 10,000
9 Purchased goods from Ramana 8,000
10 Sold goods to Gupta 5,000
15 Bought furniture for proprietor’s
residence and paid cash 7,000
20 Paid Wages 1,200
27 Deposited cash with Bank 10,000
30 Paid rent 2,000

CCP102.18 3
Solution

Date Particulars L Debit Credit


F Amount Amount
Rs. Rs.
April 1 Cash a/c To Dr 30,000
capital a/c (being 30,000
capital invested
into the business
3 Cash a/c to Dr 4,000
Goods a/c (being 4,000
goods purchased
for cash

CCP102.18 4
4 Machinery a/c Dr 15,000
To cash a/c 15,000
(being machinery
purchased for cash
7 Raju a/c Dr 10,000
To Goods a/c 10,000
(being goods
purchased by Raju)
9 Goods a/c Dr 8,000
To Ramana a/c 8,000
(being goods
purchased from
Ramana)
CCP102.18 5
10 Gupta a/c Dr 5,000
To Goods a/c 5,000
(Being Goods sold to
Gupta)

15 Drawings a/c Dr 1,000


To Cash a/c 1,000
(Being cash drawn for
personal use)

20 Wages a/c Dr 1,200


To Cash a/c 1,200
(Being wages paid)
CCP102.18 6
27 Bank a/c Dr 10,000
To Cash 10,000
(Being cash
paid into bank)

30 Rent a/c Dr 2,000


To Cash a/c 2,000
(Being rent
paid)

CCP102.18 7
Summary

We have learned in this session

 dentifying the type of account

 Applying rules of debit and credit

 Recording in journal form

CCP102.18 8
Quiz
When furniture is purchased from XY Co.Ltd
Rs.2000
a) Furniture a/c Dr 2,000
To XY Co. Ltd. 2000

b) Goods A/c Dr 2,000


To XY Co.Ltd. 2000

c) Purchases A/c Dr 2,000


To cash 2000

d) None of the above


CCP102.18 9
Frequently Asked Questions
1. Problems on Journalisation

CCP102.18 10

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