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
Topic : Journalization
Duration : 50 minutes
Sub Topic : Entries in journal
CCP102.11 1
Teaching Aids : Animations
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

CCP102.11 2
Recap

We have learned in previous session

 Rules of Debit and Credit

 Important points in journalizing

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Examples To Show How Rules Are
Applied
Sold goods for cash Rs. 5,000

Accounts affected - cash a/c and goods a/c

Real a/c
Cash comes in, so cash account should be debited
Goods goes out, so goods account should be credited

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Sold goods to X for cash Rs. 1,500

Accounts affected – goods a/c and cash a/c

Real a/c

Cash is coming in, so cash a/c must be debited

Goods are going out, so goods a/c must be credited

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Sold goods to Gupta for Rs.2,500

Accounts affected – goods a/c and Gupta a/c

Real a/c Personal a/c

Gupta is receiving, so his account must be debited

Goods are going out, so goods a/c must be credited

CCP102.11 6
Purchased goods for cash Rs, 2,000

Accounts affected are goods a/c and cash a/c

Real a/c

Goods are coming in, so goods a/c must be debited

Cash is going out, so cash a/c must be credited

CCP102.11 7
Bought goods from Lal on credit
Rs.2,500

Accounts affected – Lal a/c and goods A/c

Personal a/c Real a/c

Lal a/c is personal a/c, so Lal’s a/c must be debited

Goods a/c is real a/c, so goods a/c must be credited

CCP102.11 8
Purchased goods from Ravi for cash
Rs.300

Accounts affected – goods a/c and cash a/c

Real a/c

Goods are coming in, so goods a/c must be debited

Cash is going out, so cash a/c must be credited

CCP102.11 9
Received from Mohan on account
Rs. 8,000

Accounts affected – cash a/c and Mohan’s a/c

Real a/c Personal a/c

Cash is coming in, so cash a/c must be debited

Mohan is giver, so Mohan’s a/c must be credited

CCP102.11 10
 Entries in the journal
Date Particulars L Debit Credit
F amount amount
Rs
1 Cash a/c Dr Rs
5,000
To Goods a/c 5,000
(being goods sold
for cash )
2 Cash a/c Dr 1,500
To Goods a/c 1,500
(being goods sold
to X for cash)

CCP102.11 11
3 Gupta’s a/c Dr 2,500
To Goods a/c 2,500
(being goods sold
to Gupta on credit)
4 Goods a/c Dr 2,000
To cash a/c 2,000
(being goods
purchased for cash)
5 Lal’s a/c Dr 2,500
To Goods a/c 2,500
(being goods sold
to Lal on credit)
CCP102.11 12
6 Goods a/c Dr 300
To Cash a/c 300
(being goods
bought for cash)
7 Cash a/c Dr
To Mohan’s a/c 8,000 8,000
(being cash
received from
Mohan)

CCP102.11 13
Summary

We have learned in this session

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

CCP102.11 14
Quiz

1. When salaries is paid salary a/c should be

__________
Debited
2. When cash is received from x cash a/c should be
_________
Debited

3. When cash is Paid to Z. Z a/c should be_________

Debited

CCP102.11 15
Frequently Asked Questions

1. Journalise the given Transactions

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