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
CCP102.15 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

CCP102.15 2
Journalize the following transactions.
Dec 1996 Rs
3 Raju commenced business with cash 10,000
stock 15,000
5 Paid into bank 5,000
6 Purchased goods from Raghu 4,500
7 Sold goods to Krishna 3,500
8 Sold goods 5,000
9 Paid Raghu 2,500
10 Purchased goods 2000
11 Purchased furniture 1,000
12 Received cash from Krishna 3,000
13 Paid rent 500
14 Received goods returned from Krishna 500
March/April 2005
CCP102.15 3
 Solution
L Debit Credit
Date Particulars f Amt Amt
Rs. Rs.

1996 Cash a/c Dr 10,000

Nov 1 Stock a/c Dr 15,000
To Capital a/c 25,000
(being business commenced
with cash)
2 Bank a/c Dr 5,000
To Cash a/c 5,000
(being cash paid into bank)
3 Goods a/c Dr 4,500
To Raghu a/c 4,500
( being goods bought) CCP102.15 4
Dec 4 Krishna a/c Dr 3,500
To Goods a/c 3,500
(being goods sold on credit)

5 Cash a/c Dr 5,000

To Goods a/c 5,000
(being cash sales made)

6 Raghu a/c Dr 2,500

To Cash a/c 2,500
(being cash paid to Raghu)

CCP102.15 5
Dec 7 Goods a/c Dr 2,000
To Cash a/c 2,000
(being goods bought)

8 Furniture a/c Dr 1,000

To Cash a/c 1,000
(being furniture purchased)

9 Cash a/c Dr 3,000

To Krishna 3,000
(being cash received from
Krishna)

CCP102.15 6
Dec 10 Rent a/c Dr 500
To Cash a/c 500
(being rent paid)

11 Goods a/c Dr 500

To Krishna a/c 500
(being goods returned by
Krishna)

CCP102.15 7
Summary

We have learned from this session

 Identifying the type of account
 Applying rules of debit and credit
 Recording in journal form

CCP102.15 8
Assignment
1. Paid Cash Rs. 5,000 to X in full settlement of
his account Rs.5,500.
2. What will be the Journal Entry

CCP102.15 9
Frequently Asked Questions

1. Problems on Journalisation

CCP102.15 10
CCP102.15 11