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
Teaching Aids :PPT, Animations
CCP102.20 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

CCP102.20 2
Journalise the following transactions
Rs
3 April 1 Hari commenced business with 50,000
3 Goods purchased from Sadhu 10,000
5 Purchased goods for cash 30,000
8 Sold goods for cash 15,000
10 Sold goods to Patel 20,000
12 Returned goods to Sadhu 1,000
15 Received cash from Patel 10,000
18 Paid cash to Sadhu 9,000
20 Bought stationery 500
23 Purchased furniture from Khan 5,000
26 Received cash from Patel in
full settlement of 9,500
30 Paid to Khan 5,000

CCP102.20 3
Solution
Date Particulars Lf Debit Credit
Amount Amount
Rs Rs.
1994 Cash a/c Dr 50,000
April 1 To capital a/c 50,000
(being business
commenced)
3 Goods a/c Dr 10,000
To Sadhu a/c 10,000
(being goods
purchased)

CCP102.20 4
April Goods a/c Dr 30,000
5 To Cash a/c 30,000
(being goods
purchased for cash)

8 Cash a/c Dr 15,000

To Goods a/c 15,000
(being cash sales made)
10 Patel a/c Dr 20,000
To Goods a/c 20,000
(being goods sold on
credit)

CCP102.20 5
April 12 Sadhu a/c Dr 1,000
To Goods a/c 1,000
(being goods returned
to Sadhu)

15 Cash a/c Dr 10,000

To Patel a/c 10,000
(being cash received
from Patel)

18 Sadhu a/c Dr 9,000

To Cash a/c 9,000
(being cash paid to
Sadhu)

CCP102.20 6
April 20 Stationery a/c Dr 500
To Cash a/c 500
(being cash paid for stationery)

23 Furniture a/c Dr 5,000

To Khan a/c 5,000
(being furniture purchased)

26 Cash a/c Dr 9,500

Discount a/c Dr 500
To Patel a/c 10,000
(being cash paid in full
settlement)

30 Khan a/c Dr 5,000

To Cash a/c 5,000
(being cash paid to Khan )

CCP102.20 7
Summary

We have learned in this session

 Identifying the type of account

 Applying rules of debit and credit
 Recording in journal form

CCP102.20 8
 Quiz
1. When proprietor uses any goods, which a/c should be
debited

a) proprietor’s a/c
b) Drawings a/c
c) purchaser a/c
d) None

8. Journal is the

a) book of original entry

b) book of final entry
c) book of a/c
d) None

CCP102.20 9
 Frequently Asked Questions

1. What is the Journal? Draw the ruling of

Journal?
March/April,2006

2. What are the rules debit and credit for different

types of accounts?

4. What is an account? Explain various types of

accounts in brief?

CCP102.20 10