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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 : CCP102.14
Topic : Journalization
Duration : 50 minutes
Sub Topic : Entries in journal
Teaching Aids : Animations
CCP102.14 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

CCP102.14 2
Journalise the following transactions in the books of
Mr. Ganesh.
• Rs
Nov 1 Commenced business with 1,25.000
4 Purchased goods 25,000
7 Received cash from
Subramanyam 10,000
10 Sold goods to Srinivas 20,000
15 Cash sales 10,000
18 Received cash from Srinivas in
full settlement of his account 19,500
20 Purchased goods from Srinath 5,000
25 Paid to Srinath 4,900
and received discount of 100
30 Paid electricity 500
30 Paid salaries 1,000
CCP102.14 Oct/Nov 20073
Solution
L Debit Credit
Date Particulars F Amt Amt
Rs. Rs.
2006
Cash a/c Dr 1,25,000
Nov 1 To Capital a/c 1,25,000
(being cash invested in
the business)

4 Goods a/c Dr 25,000


To Cash 25,000
( cash purchases made)

7 Cash a/c Dr 10,000


To Subramanyam a/c 10,000
(being cash received )
CCP102.14 4
Nov 10 Srinivas a/c Dr 20,000
To Goods a/c 20,000
(being goods sold on credit
to Srinivas)

15 Cash a/c Dr 10,000


To Goods a/c 10,000
(being cash sales made)

18 Cash a/c Dr 19,500


Discount a/c Dr 500
To Srinivas a/c 20,000

CCP102.14 5
Nov20 Goods a/c Dr 5,000
To Srinath a/c 5000
(being goods bought on
credit)

25 Srinath a/c Dr 5,000


To Cash a/c 4,900
To Discount a/c 100
(being cash paid to Srinath
and received discount)

30 Electricity a/c Dr 500


To Cash a/c 500
(being cash paid )
CCP102.14 6
Nov 30 Salaries a/c Dr 1,000
To Cash a/c 1,000
(being salaries paid)

CCP102.14 7
Summary

We have learned in this session


 Identifying the type of account
 Applying rules of debit and credit
 Recording in journal form

CCP102.14 8
Frequently asked questions

1. Pass opening journal entry for the following


Goods a/c Rs. 20,000
Cash a/c Rs. 50,000
Furniture a/c Rs. 30,000
Sundry Creditors Rs. 40,000
Capital Rs. 60,000
---------

CCP102.14 9
CCP102.14 10

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