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-I
Subject Code : CCP102
Topic : Recording of Transactions
Duration : 50 minutes
Sub Topic : Rules of Debit & Credit
Teaching Aids : Animations
CCP-102.9 1
Recap

 We have learned in previous session

 Different types of accounts

CCP-102.9 2
Objectives

On completion of this period you would be able to

know
 Rules of Debit and Credit
 Important points in Journalizing

CCP-102.9 3
RULES OF DEBIT AND CREDIT

Personal Account

 Debit the receiver

 Credit the giver

CCP-102.9 4
Real Account

 Debit what comes in

 Credit what goes out

CCP-102.9 5
Nominal Account

 Debit all expenses and losses

 Credit all incomes and gains

CCP-102.9 6
Journal Entry

Recording transaction in journal form

 After analyzing and classifying

 Identifying them as debit and credit

CCP-102.9 7
Narration

Each journal entry should be

 Followed by a narration

 It is brief description of the transaction

CCP-102.9 8
Summary

We have learned in this session

Rules of Debit and Credit

CCP-102.9 9
CCP-102.9 10