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 : CCP102.18
Topic : Journalization
Duration : 50 minutes
Sub Topic : Entries in journal
Teaching Aids :PPT, Animations
CCP102.18 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

CCP102.18 2
Journalise the following transactions in the books of
Kumar:
Rs.
April 1 Commenced business with a cash of 30,000
3 Cash sales 4,000
4 Bought Machinery 15,000
7 Sold goods to Raju 10,000
9 Purchased goods from Ramana 8,000
10 Sold goods to Gupta 5,000
15 Bought furniture for proprietor’s
residence and paid cash 7,000
20 Paid Wages 1,200
27 Deposited cash with Bank 10,000
30 Paid rent 2,000

CCP102.18 3
 Solution

Date Particulars L Debit Credit

F Amount Amount
Rs. Rs.
April 1 Cash a/c To Dr 30,000
capital a/c (being 30,000
capital invested
into the business
3 Cash a/c to Dr 4,000
Goods a/c (being 4,000
goods purchased
for cash

CCP102.18 4
4 Machinery a/c Dr 15,000
To cash a/c 15,000
(being machinery
purchased for cash
7 Raju a/c Dr 10,000
To Goods a/c 10,000
(being goods
purchased by Raju)
9 Goods a/c Dr 8,000
To Ramana a/c 8,000
(being goods
purchased from
Ramana)
CCP102.18 5
10 Gupta a/c Dr 5,000
To Goods a/c 5,000
(Being Goods sold to
Gupta)

15 Drawings a/c Dr 1,000

To Cash a/c 1,000
(Being cash drawn for
personal use)

20 Wages a/c Dr 1,200

To Cash a/c 1,200
(Being wages paid)
CCP102.18 6
27 Bank a/c Dr 10,000
To Cash 10,000
(Being cash
paid into bank)

30 Rent a/c Dr 2,000

To Cash a/c 2,000
(Being rent
paid)

CCP102.18 7
Summary

We have learned in this session

 dentifying the type of account

 Applying rules of debit and credit

 Recording in journal form

CCP102.18 8
Quiz
When furniture is purchased from XY Co.Ltd
Rs.2000
a) Furniture a/c Dr 2,000
To XY Co. Ltd. 2000

b) Goods A/c Dr 2,000

To XY Co.Ltd. 2000

c) Purchases A/c Dr 2,000

To cash 2000

d) None of the above

CCP102.18 9
Frequently Asked Questions
1. Problems on Journalisation

CCP102.18 10