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 :Animations
CCP102.19 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

CCP102.19 2
Journalize the following transactions in the books of
Prem kumar
2000 Rs
September 1 Prem Kumar commenced business with 85,000
2 Deposited into Bank 40,000
5 Purchased furniture and paid by cheque 2,000
7 Goods purchased from Madhavi 30,000
9 Goods returned to Madhavi 4,000
13 Paid to Madhavi in full settlement 26,000
17 Goods sold to Vijayanand 5,000
20 Goods distributed by way of free
samples 2,000
24 Commission received 500
30 Paid salaries 10,000
March/April 2006.

CCP102.19 3
 Solution
Date Particulars L Debit Credit
Amount Amount
f
Rs. Rs.

2000 Cash a/c Dr 85,000

Sep To Capital a/c 85,000
1 (being business
commenced with
cash)
2 Bank a/c Dr 40,000
To Cash 40,000
(being Cash paid
into bank
CCP102.19 4
Sep 5 Furniture a/c Dr 2,000
To Bank a/c 2,000
(being furniture bought)

7 Goods a/c Dr 30,000

To Madhavi a/c 30,000
(being goods bought on
credit)

9 Madhavi a/c Dr 4,000

Goods a/c 4,000
(being goods returned to
Madhavi)

CCP102.19 5
Sep 5 Furniture a/c Dr 2,000
To Bank a/c 2,000
(being furniture
bought)

7 Goods a/c Dr 30,000

To Madhavi a/c 30,000
(being goods
bought on credit
9 Madhavi a/c Dr 4,000
To Goods a/c 4,000
(being goods
returned to
Madhavi)
CCP102.19 6
Sep 24 Cash a/c Dr 500
To Commission a/c 500
(being Commission
received)

30 Salaries a/c Dr 10,000

To cash a/c 10,000
(being salaries paid)

CCP102.19 7
Summary

We have learned in this session

 Identifying the type of account

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

CCP102.19 8
Quiz
Personal A/c
Prasad A/c ---------------------
Nominal A/c
Furniture A/c -------------------
- Nominal A/c
Wages A/c --------------------
- Personal A/c
Drawings A/c ------------------
- Personal A/c
Capital A/c ---------------------

CCP102.19 9
Frequently Asked Questions
1. Problems on Jounalisation

CCP102.19 10