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
CCP102.32 1
Objectives

After completion of this period, you will be able to

learn :
 How to make journal entries ?

 Individual Ledger accounts is opened

 Post entries in relevant ledger accounts

 Balancing each ledger account

CCP102.32 2
Structure

 Preparation of journal entries

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

CCP102.32 3
Problem
Journalise the following transactions and
post them into ledger

2003 Rs.
Aug 1 Vikram started business with cash 75,000
Machinery 65,000
5 Purchased goods for cash 15,000
9 Cash Received from M/S Tara & Co., 12,000
19 Cash Sales 7,500
22 Issued cheque to Mahesh and 19,000
discount received 1,000
25 Paid for Stationery 1,500

CCP102.32 4
 JOURNAL ENTRIES
DATE PARTICULARS L.F. Debit Credit
Amt Amt
2003 Cash a/c Dr 75,000
Aug 1 Machinery a/c Dr 65,000
To Capital a/c 1,40,000
(Being the assets
introduced
5 as capital)
Goods a/c Dr 15,000
To Cash a/c 15,000
(Being goods purchased for
cash)
9 Cash a/c Dr 12,000
To M/S Tara & Co., a/c 12,000
(Being cash received from
M/S Tara & Co.,)
CCP102.32 5
 JOURNAL ENTRIES
DATE PARTICULARS L Debit Credit
F Amt Amt
19 Cash a/c Dr 7,500
To Goods a/c 7,500
(Being cash Sales)
Mahesh a/c 20,000
22 Dr 19,000
To Bank a/c 1,000
To Discount a/c
(Being cheque issued to
Mahesh and received
25 discount)
Stationery a/c Dr 1,500
To Cash a/c 1,500
(Being paid for Stationery)
CCP102.32 6
 Capital Account
Dr Cr
Date Particulars J Amt Date Particulars J Amt
F Rs F Rs
2003 2003
Aug To balance c/d 1,40,000 Aug By Cash a/c 75,000
31 1 By Machinery 65,000
a/c -----------
------------ 1,40,000
1,40,000 -----------
------------
By balance 1,40,000
Sep1 b/d

CCP102.32 7
 Cash Account

Dr Cr

Date Particulars J Amt Date Particulars J Amt

F Rs F Rs
2003 2003
Aug 1 To Capital a/c 75,000 Aug 5 By Goods a/c 15,000
To M/s Tara & 12,000 25 By Stationery a/c 1,500
9 Co., a/c
To Goods a/c 7,500 31 By balance c/d 78,000
19 --------- ---------
94,500 94,500
--------- ---------
To balance b/d 78,000
Sep 1

CCP102.32 8
 Goods Account
Dr Cr

Date Particulars J Amt Date Particulars J Amt

F Rs F Rs

2003 2003
Aug 5 To Cash a/c 15,000 Aug19 By Cash a/c 7,500
31 By balance c/d 7,500
--------- ---------
15,000 15,000
--------- ---------
Sep 1 To balance 7,500
b/d

CCP102.32 9
 Bank Account
Dr Cr

Date Particulars J Amt Date Particulars J Amt

F Rs F Rs
2003 2003
Aug31 To balance 19,000 Aug22 By Mahesh a/c 19,000
c/d --------- ---------
19,000 19,000
--------- ---------
Sep 1 By balance b/d 19,000

CCP102.32 10
 Machinery Account
Dr Cr

Date Particulars J Amt Date Particulars J Amt

F Rs F Rs

2003 2003
Aug 1 To Capital a/c 65,000 Aug 31 By balance 65,000
-------- c/d ---------
65,000 65,000
-------- ---------
Sep 1 To balance b/d 65,000

CCP102.32 11
 M/S Tara & Co., Account
Dr Cr

Date Particulars J Amt Date Particulars J Amt

F Rs F Rs

2003 2003
Aug 31 To balance c/d 12,000 Aug 9 By Cash a/c 12,000
--------- ---------
12,000 12,000
--------- ---------
Sep 1 By balance b/d 12,000

CCP102.32 12
 Mahesh Account
Dr Cr

Date Particulars J Amt Date Particulars J Amt

F Rs F Rs
2003 2003
Aug 22 To Bank a/c 19,000 Aug31 By balance c/d 20,000
To Discount 1,000
a/c --------- ---------
20,000 20,000
--------- ---------
Sep 1 To balance b/d 20,000

CCP102.32 13
 Discount Account
Dr Cr

Date Particulars J Amt Date Particulars J Amt

F Rs F Rs
2003 2003
Aug 31 To balance c/d 1,000 Aug 22 By Mahesh a/c 1,000
--------- ---------
1,000 1,000
--------- ---------

Sept 1 By balance b/d 1,000

CCP102.32 14
 Stationery Account
Dr Cr

Date Particulars J Amt Date Particulars J Amt

F Rs F Rs
2003 2003
Aug25 To Cash a/c 1,500 Aug 31 By balance c/d 1,500

-------- ---------
- 1,500
1,500 ---------
--------
-
Sep 1 To balance b/d

1,500 CCP102.32 15
Summary

 Preparation of journal entries

 Opening of ledger accounts

 Postings into ledgers
 Balance the individual ledgers

CCP102.32 16
 Assignment
Journalize the following transactions
and post them into Ledger
2008 Rs.
Jan 1 Tarun started business with cash 25,000
goods 15,000
3 Purchased goods for cash 8,000
8 Deposited cash into Bank 10,000
12 Received cash from Sushma 2,000
15 Cash Purchases 7,000
21 Sold goods for cash 5,000
27 Bought goods from Raja 3,000
29 Paid for Advertisement 1,200
CCP102.32 17
Examination Problem (C-00 March, 2006)

Journalize the following transactions of Ratna

Traders, Hyderabad and post them into Ledger

1996 Rs.
Dec 1 Commenced business with 1,50,000
4 Bought furniture from Ganesh & Co., 40,000
5 Bought goods from Ramya 16,000
7 Paid for Advertisement 800
15 Paid Ramya in full settlement of the
amount due to her 15,900

CCP102.32 18
THANK YOU

CCP102.32 19