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Ch Journal

The lesson plan focuses on the recording of business transactions, aiming to help students understand accounting equations and the impact of transactions on these equations. It includes activities for both teachers and students, emphasizing the preparation and classification of accounting records, as well as the use of source documents. The plan incorporates various teaching methods and interdisciplinary links to enhance learning outcomes.

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Sheena Aggarwal
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2 views

Ch Journal

The lesson plan focuses on the recording of business transactions, aiming to help students understand accounting equations and the impact of transactions on these equations. It includes activities for both teachers and students, emphasizing the preparation and classification of accounting records, as well as the use of source documents. The plan incorporates various teaching methods and interdisciplinary links to enhance learning outcomes.

Uploaded by

Sheena Aggarwal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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SUBJECT: ACCOUNTANCY LESSON PLAN

TOPIC: Recording of Business Transactions-1

Pre-Content/content Learning Outcome/Objectives


Post-Content
. General Specific
Pre-Content
Students are aware that Students will be able to Students will be able to
accounting involves a
process of identifying and  apply accounting  Understand the meaning of
analyzing the business equation to explain Accounting Equations.
transactions, recording them, the effect of
classifying and summarizing transactions;
their effects and finally  Know the impact of various
communicating it to the transactions on Accounting
interested users of accounting Equations.
information.
Content  Know the preparation of
The first step involved in the Accounting Equations.
accounting process is
identifying the transactions to
be recorded and preparing  record transactions  Understand the meaning of
the source documents which using rules of debit debit and credit.
are in turn recorded in the and credit;  Understand the rules of debit
basic book of original entry and credit.
called journal and are then
posted to individual accounts
in the principal book called
 describe the nature
ledger.  Understand the meaning of
of transaction and
Post-content origin of transactions.
source documents;
Business transactions are
exchanges of economic  Understand the meaning of
 explain the
consideration between parties source documents and
preparation of
and have two-fold effects vouchers.
accounting vouchers;
that are recorded in at least
two accounts.
.
Home Work /Assignments:
NCERT Book –theoretical aspects will be discussed.
Assignment sheet is also given
Questions taken in the class were also discussed and asked to solve.
AND PROGRESS MONTH :………………..
CLASS—XI

Teacher's Activity Student's Activity Teacher's Observation And


Remedial
The teacher will explain as to how Students will understand the
Accounting equation signifies that effect of various transactions Teacher will write her
the assets of a business are always on accounting equation i.e., observations after completion
equal to the total of its liabilities C+L=A which holds true of the topic.
and capital (owner’s equity). The under all circumstances.
equations reads
as follows: A = L + C Students will practise the skill
the teacher will elaborate that all in preparation of Accounting
accounts are divided into five Equation.
categories for the purposes of
recording the transactions: (a) Students will learn and note
Asset (b) Liability (c) Capital (d) down the classification of
Expenses/Losses, and (e) accounts as per:
Revenues/Gains. a) Traditional approach –
The teacher will summarize that Personal, Real and Nominal
Two fundamental rules are accounts and
followed to record the changes in b) Accounting equation
these accounts: approach—Assets, Liabilities,
(1) For recording changes in Capital, Revenue and
Assets and Expenses (Losses): Expenses.
“Increase in asset, expenses
/losses is debited, and decrease in The students will also learn
asset, expenses/losses is and practise the rules relating
credited.” to the above accounts.
(2) For recording changes in
Liabilities and Capital--Revenues
(Gains):
“Increase in liabilities, capital, Students will practise
revenue/gain is credited and questions on classification of
decrease in liabilities, capital, accounts and which accounts
revenue/gain is debited.” to be debited and/ or credited.
The teacher will explain Source
documents as various business
documents such as invoice, bills, Students will collect various
cash memos, vouchers, which source documents e.g., cash
form the basis and evidence of a memo, bills, cheque, pay in
business transaction, as slip, etc. They will also
supporting documents, recorded prepare vouchers from the
in the books of account, are called above in their register/ project
source documents. file.
Teaching Aids : Active inspire, , NCERT book
Methodology/Innovative Methods : Discussion, Recall, Explanation, Question-Answer method, problem
solving
Interdisciplinary Links : Business Studies, Entrepreneurship, Economics and Mathematics

Coordinator Vice-Principal Principal

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