DEPARTMENT OF TECHNICAL EDUCATION

ANDHRA PRADESH
Name : R. ROHINI
Designation : Lecturer
Branch : D.C.C.P.
Institute : S.G.M. Government Polytechnic,
Abdullapurmet, R.R.Dist
Year/Semester : I Year
Subject : ACCOUNTANCY-I
Subject Code : CCP-102
Topic : Ledger
Duration : 50 Mts
Sub-Topic : Posting into Ledger
Teaching Aids : PPT and Animations
CCP102.30 1
Objectives :
On completion of this period, you Would
be able to :

 Solve problems on Ledger by posting into

individual account

CCP102.30 2
Structure :

Problem
Ledger account
Problem
Ledger account
Assignment
Quiz

CCP102.30 3
Prepare Shekhar’s account from the
following :
2003
January Rs.
1st Amount due to Shekhar 8,000
2nd Shekhar sold goods to us 20,500
5th Cash sales to Shekhar 13,000
6th Sold goods to Krishna 10,000
7th Purchased goods from Shekhar 3,500
9th Purchased goods from Shekhar on cash 16,000
10th Sold goods to Shekhar 30,000
16th Cash received from Shekhar 20,000
19th Paid Shekhar by cheque 20,000
31st Settled Shekhar’s account by cheque

CCP102.30 4
 Shekhar’s Account
Dr Cr
Date Particulars J Amt Date Particulars J Amt
F Rs F Rs
2003 2003
Jan Jan
10th To Sales a/c 30,000 1st By Balance b/d 8,000
19th To Bank a/c 20,000 2nd By Purchases a/c 20,500
31st To Bank a/c 2,000 7th By Purchases a/c
16th By Cash a/c 3,500
--------- 20,000
52,000 ---------
--------- 52,000
---------

CCP102.30 5
Note :
 Shekhar sold goods to us means we purchased
goods from Shekhar
 Cash sales to Shekhar does not appear in the
personal account of Shekhar
 Goods sold to Krishna does not appear in
Shekhar’s perosnal account

CCP102.30 6
Prepare Vishwanath’s Account from
the Following :
2005
December Rs.
1st Amount due from Vishwanath 25,000
4th Sold goods on credit to Vishwanath 10,000
7th Sold furniture to Vishwanath on credit 30,000
12th Purchased goods from Vishwanath 45,000
18th Goods returned to Vishwanath 3,000
19th Cheque paid to Vishwanath 10,000
27th Cash received from Vishwanath 25,000
29th Returned goods by Vishwanath 4,000
31st Paid Cheque to Vishwanath for Rs.3,500 as final
settlement
CCP102.30 7
 Vishwanath’s Account
Dr Cr
Date Particulars J Amt Date Particulars J Amt
F Rs F Rs
2005 2005
Dec Dec
1st To Balance b/d 25,000 12th By Purchases a/c 45,000
4th To Sales a/c 10,000 27th By Cash a/c
7th To Furniture a/c 30,000 29th By goods 25,000
18th To Goods Returns a/c 4,000
returns a/c 3,000 31st By Bank a/c
19th To Bank a/c 10,000 31st By Discount a/c 3,500
500

--------- ---------
78,000 78,000
--------- ---------
--------- ---------
CCP102.30 8
Summary :

We have seen
 How to post into a ledger account
 How to start with balance b/d
 How to close account for final settlement
 How to show discount

CCP102.30 9
Quiz :

1. When ‘A’ sold goods to us, it is :

a) Sales
b) Purchases
c) Both

CCP102.30 10
2. When X’s account is closed with Debit
balance, X is a:
a) Debtor
b) Creditor
c) None

CCP102.30 11
3. For closing Debtors account as final
settlement through bill of exchange then
which account is credited?
a) Bills Receivable account
b) Bills Payable account
c) Creditor account

CCP102.30 12
Assignment :
From the following particulars prepare Ramya’s
Account:
2004
April Rs.
1st Amount due from Ramya 30,000
3rd Sold goods to Ramya 25,000
4th Purchased Computer from
Ramya on credit 45,000
7th Cash received from Ramya 15,000
10th Goods returned by Ramya 5,000
15th Cheque paid to Ramya 25,000
30th Settled Ramya’s account by cheque
CCP102.30 13
Thank You

CCP102.30 14