DEPARTMENT OF TECHNICAL EDUCATION

ANDHRA PRADESH
Name : S. PADMA
Designation : Lecturer
Branch : D.C.C.P
Institute : S.G.M. Govt Polytechnic, Abdullapurmet
Year/Semester : I Year
Subject : Accountancy-i
Subject Code : CCP-102
Topic : Ledger
Duration : 50 Mts
Sub Topic : Exercises on ledger
Teaching Aids : PPT, Animations and Hyperlinks
CCP102.31 1
Objectives

After completion of this period, you will be able to

learn :
 To make journal entries

 New account is opened for every transaction

 Post entries in relevant ledger accounts

 Balancing each ledger account

CCP102.31 2
Structure

 Preparation of journal entries

 Opening of ledger accounts
Postings into ledgers
 Balancing each ledger account
Summary

CCP102.31 3
 Problem
Journalise the following transactions and post
them into ledger
2005 Rs.
Mar 1 Rama started business with cash 25,000
goods 10,000
4 Purchased goods for cash 10,000
8 Deposited cash into Bank 15,000
12 Received cash from Sita on account 5,000
19 Cash Sales 12,000
21 Bought goods from Krishna on credit 18,000
25 Paid Telephone Bill by cheque 3,000

CCP102.31 4
 JOURNAL ENTRIES
DATE PARTICULARS L Debit Credit
F Amt Amt
2005 Cash a/c Dr 25,000
Mar 1 Goods a/c Dr 10,000
To Capital a/c 35,000
(Being the assets
introduced as capital)
4 Goods a/c Dr 10,000
To Cash a/c 10,000
(Being goods purchased
for cash)
8 Bank a/c Dr 15,000
To Cash a/c 15,000
(Being cash deposited into
Bank)
12 Cash a/c Dr 5,000
To Sita a/c 5,000
(Being cash received from
sita) CCP102.31 5
 JOURNAL ENTRIES Contd..
DATE PARTICULARS L.F. Debit Credit
Amt Amt
19 Cash a/c 12,000 12,000
Dr
To Goods a/c
(Being goods sold for cash)
21 Goods a/c Dr 18,000 18,000
To Krishna a/c
(Being goods bought from
krishna on Credit)

25 Telephone a/c Dr 3,000 3,000

To Bank a/c
(Being Telephone bill
paid by cheque)
CCP102.31 6
 Ledger Postings

Dr Capital Account
Cr

Date Particulars J Amt Date Particulars J Amt

F Rs F Rs
2005 2005
Mar 31 To Balance c/d 35,000 Mar 1 By Cash a/c 25,000
By Goods a/c 10,000
--------- ---------
35,000 35,000
-------- ---------
By balance b/d 35,000
Apr 1

CCP102.31 7
 Cash Account

Dr Cr

Date Particulars J. Amt Date Particulars J.F Amt

F
2005 2005
Mar 1 To Capital a/c 25,000 Mar 4 By Goods a/c 10,000
To Sita a/c 5,000 8 By Bank a/c 15,000
To Goods a/c 12,000 31 By balance 17,000
12 c/d
--------- ---------
19 42,000 42,000
--------- ---------
To balance c/d 17,000

Apr 1
CCP102.31 8
 Goods Account
Cr
Dr
Date Particulars J Amt Date Particulars J Amt
F F
2005 2005
Mar 1 To Capital a/c 10,000 Mar 19 By Cash 12,000
4 To Cash a/c 10,000 31 By balance c/d 26,000
To Krishna a/c 18,000
21 --------- ---------
38,000 38,000
--------- ---------

To balance b/d 26,000

Apr 1

CCP102.31 9
 Bank Account
Dr Cr

Date Particulars J Amt Date Particulars J Amt

F Rs F Rs
2005 2005
Mar 8 To Cash a/c 15,000 Mar 25 By Telephone a/c 3,000
31 By balance c/d 12,000
--------- ---------
15,000 15,000
--------- ---------
Apr 1 To balance b/d 12,000

CCP102.31 10
 Sita Account
Dr Cr

Date Particulars J Amt Date Particulars J Amt

F Rs F Rs
2005 2005
Mar 31 ]To balance c/d 5,000 Mar 12 By Cash a/c 5,000
-------- ---------
5,000 5,000
-------- ---------
Apr 1 To balance 5,000
b/d

CCP102.31 11
 Krishna Account

Dr Cr

Date Particulars J Amt Date Particulars J Amt

F Rs F Rs
2005 2005
Mar 31 To balance c/d 18,000 Mar 21 By Goods a/c 18,000
--------- ---------
18,000 18,000
--------- ---------
Apr 1 To balance b/d 18,000

CCP102.31 12
Dr Telephone Account
Dr
Date Particulars J Amt Date Particulars J Amt
F Rs F Rs
2005 2005
Mar 25 To Bank a/c 25,000 Mar 31 By balance c/d 25,000
--------- ---------
25,000 25,000
--------- ---------
Apr 1 To balance b/d 25,000

CCP102.31 13
Summary
 Preparation of journal entries

 Opening of ledger accounts

 Postings into ledgers
 Balance the individual ledgers

CCP102.31 14
 Assignment
Journalize the following transactions and
post them into Ledger
2008 Rs.
Jan 1 Deepak started business with cash 50,000
goods 25,000
Machinery 45,000
5 Purchased goods for cash 10,000
7 Deposited cash into Bank 30,000
15 Received cash from Sushma on account 7,000
20 Sold goods for cash 22,000
29 Bought goods from Raja on credit 15,000
25 Paid Rent 8,000
CCP102.31 15
THANK YOU

CCP102.31 16