TP NO:

189

Topic Title

Accountancy

TP Name

Double Entry System : Traditional Approach

LO

Explain the Three types of Accounts

List out the Three Golden Rules
Identify the Nature of Accounts.
Explain the golden rules of accounting with examples
Explain the Format of Journal Entry

Media Details
Media
Indian
BoardTitle:
Grade
Textbook Title
Constituency

Media Type(Select
Chapt
one): Step
er No
Animation|

Icon:
Chapter
Title

Page
numbe
rs

Structure of MM:
2D/3D/Combo:
ISC
11
Standard XII
Double
7.1
Screen 1: Animation
2D
Accountancy
Entry
7.6
Screen 2: Animation
System
:
Screen 3: Animation
Traditional
Screen 4 and 5: MCQ
Approach
Screen 6: Animation (Summary)
Approx. Playing Time: 5 mins
MM Description: This MM is about the Double Entry System :
Traditional Approach
Asset Reference:
Please add the reference of the SB from where the asset is being re-used. This
may be from Secondary Math/Science/Economics or from Senior Secondary
itself. The format is given below.
<MM SB Name(s)> e.g. ICSE Civics, Class 9, Chapter 5 -MM_Accou_11_0_01_
Double Entry System

Curriculum Mapping
Std Chapter No. and Name
.
ICS 11
Accountancy
E
ISC
HS
C
TN
KA
B
AP
General Instructions:

Sub-Topic
Double Entry System :
Traditional Approach

 Each screen will be a separate table.

Include screen-level I-text in the relevant Text on Screen row of the table.
Text highlighted in grey will not appear on screen or in VO.
Please include audio file numbers along with each audio. The convention
isclass<No>_<sub>en_topic<No>_TP<No>_<MM No>_audio<No>.mp3
e.g. 09_civics_t05_tp46_01_au01.mp3

Screen Number: 1 Nature of Accounts (Animation)

Notes to Graphics
Text on Screen, Labels, I-text
Graphic Description 1
Screen Heading

Voiceover (Audio Script)

11_Accen_t07_tp189_01_au1.
mp3

Fade in TOS 1 in sync with

the audio We all know
about the term accounting

Nature of Accounts
TOS 1

We all know about the term

accounting.

Accounting refers to art of

recording business
transactions in a books of
accounts to know his
financial status

Accounting Art of recording business

transaction in a systematic manner.

What is Accounting?

Fade out TOS 1 and Fade in

TOS 2 and image 01 in
sync with Audio Mr. X is a
fruit merchant. Assume
that he maintains his
books of accounts.

Accounting refers to art of

recording business
transactions in a systematic
manner. Every business man
maintains his books of
accounts to know his financial
status.

TOS 2
Example

TOS 3
Transaction: Mr. X purchased
fruits from the wholesale market

Let us look at an example.

TOS 4
Double Entry
System

Image 01
Fade in image 2 and TOS 3
with audio Mr. X
purchased fruits from the
market for cash

DebitReceiving
the benefit

Credit
-Yielding the
Benefit

Mr. X is a fruit merchant.

Assume that he maintains his
books of accounts. Let us
take a simple transaction.
Mr. X purchased fruits from
the wholesale market for
cash.
11_Accen_t07_tp189_01_au3.
mp3

TOS 5

Image
3

11_Accen_t07_tp189_01_au2.
mp3

Purchases A/C

If he takes the single side of

the transaction, it may not
lead him to attain his

financial position.
Cash A/C

Imag
e4

TOS 6
Types of

Image 2
Show the animation of MR
X a fruit merchant goes to
the fruit market for
purchasing fruits and
paying cash as shown in
the image 1 and 2.
Recreate image 1 and 2.
Fade in TOS 4 with audio
Thus here he must
benefit and yielding a
benefit
Fade in image 3 and 4 next
to the arrow marks as
shown in TOS 5 in sync
with the audio In the
above example the
transaction yielding a
benefit hence it is
credited

11_Accen_t07_tp189_01_au4.
mp3
Personal A/C

Impersonal

Nomina

Real

Natural
Artificial
Representati

Tangibl
e
Intangi
ble

TOS 7
Personal Account
Accounts related relates to an
individual, firm, company,
TOS 8
Natural Personal
Account
Accounts of human beings

Image 3 : 125541344

Artificial Personal
Account

Fade in TOS 6 in sync with

the audio Thus in order to
record the dual

Accounts related to artificial

person created by law
TOS 10

This is double entry system

which records the dual aspect
of business that is, receiving
the benefit and yielding a
benefit
11_Accen_t07_tp189_01_au5.
mp3
In the above example, the
transaction is affected by two
accounts Purchase account
and cash account. Purchase
account is receiving the
benefit, as stock of fruits are
coming into the business.
Hence, it is debited whereas
cash account is yielding a
benefit, hence it is credited.
11_Accen_t07_tp189_01_au6.
mp3
Thus, in order to record the
dual aspects of a transaction
under double entry system
accounts are classified into
various types. They are:
11_Accen_t07_tp189_01_au7.
mp3

TOS 9

Image 4 : 227180785

Thus, here he must follow a

system in which he can
record both the aspects of a
transaction, that is, Purchase
Account and Cash Account.

Personal Account These are

the Accounts which relates to
an individual, firm, company,
institution etc They are
further classified into 3 types:
11_Accen_t07_tp189_01_au8.

classified into various

types of they are
Move the TOS 6 ie the flow
chart to extreme right and
when each type of account
is explained highlight that
particular type with a
blinking effect.
Please Note: While
displaying TOS 7 to TOS 13
use popup.
Fade in TOS 7 and image 5
with audio These are the
accounts which ,
institution etc they are
further classified into 3
types

Representative Personal
Account
Accounts which represent a
particular person or group of
TOS 11
Real Account
TOS 12
Tangible Real Account
Accounts of those tangible
assets which have physical
existence
TOS 13
Intangible Real Account
Accounts which do not have
physical existence measured
in money
TOS 14

Image 5

Nominal

Fade in TOS 8 With Audio

it refers to accounts of
human beings insert
image 6 and 7 when audio
says For example :
Sachins account, Sanias
account

Image 6
7

image

Fade in TOS 9 with the

Accounts which include all

expenses and incomes

mp3
Natural Personal Account: It
refers to accounts of human
beings. For example :
Sachins account, Sanias
account
11_Accen_t07_tp189_01_au9.
mp3
Artificial Personal Account:
These are the accounts
related to artificial person
created by law without
physical existence. Example :
State Bank of India account,
Life Insurance Corporation
Account
11_Accen_t07_tp189_01_au1
0.mp3
Representative Personal
Account: These are the
accounts which represent a
particular person or group of
persons. For example
Outstanding Salaries account,
Prepaid insurance account
etc
11_Accen_t07_tp189_01_au1
1.mp3
Real Account : is classified
into Tangible and intangible
real account
Tangible Real Account: refer
to the accounts of those
tangible assets which have
physical existence. For
example: Cash account,
Furniture account etc
11_Accen_t07_tp189_01_au1
2.mp3
Intangible real Account: are

audio these are the by

law without physical
existence insert image 8
and 9 when audio says :
State Bank of India
account, Life Insurance
Corporation Account

those accounts which do not

have physical existence but
can be measured in terms of
money. For Example: Copy
rights account, Patents
account and Trade mark
account
11_Accen_t07_tp189_01_au1
3.mp3

Image 8

image 9

Fade in TOS 10 with audio

these are the accounts
which represent a
particular person or group
of persons insert image
10 and 11 with audio
Example Outstanding
Salaries account, Prepaid
insurance account

O/S salaries
to
Employees

Image 10

Prepaid
Insurance

Image 11
Fade in TOS 11 with audio
Real account Is classified
into Tangible and
intangible real account
Fade in TOS 12 with audio
these refer to the
accounts of those tangible
assets which have physical

Nominal Account: refer to the

accounts which include all
expenses and incomes of
business. For example :
Salary account , Commission
account

existence insert image 12

and 13 with audio For
example: Cash account,
Furniture account

Image 12
image 13

Fade in TOS 13 with audio

these are those accounts
which do not have physical
existence but can be
measured in terms of
money insert image 14
with audio For Example:
copy rights account,
Patents account and Trade
mark account

Image 14
Fade in TOS 14 with audio
These refer to the
accounts which include all
expenses and incomes of
business insert image 15
With audio For example :
Salary account ,
commission account

Image 15
Assets Required/ Image References

Required SFX
Navigational I-text
Click Play to view animation
Click Next to continue.
Notes to Tech

Screen Number: 2 Three Golden Rules of Accounting (Animation)

Notes to Graphics
Text on Screen, Labels, I-text
Voiceover (Audio Scrip
Graphic Description 1
Screen Heading
Audio
Fade off all the previous
Three Golden Rules of
11_Accen_t07_tp189_01_
animation.
Accounting
14.mp3
Build the table TOS 1 in sync
with the audio For personal
TOS 1
Let us look at the three
the rule benefit to
golden Rules of accountin
business
for various types of
Debit
Credit
accounts.
Personal Account
Insert image 01 recreate the
image using below
11_Accen_t07_tp189_01_
description
15.mp3
TOS 2
Debit
What
Title : Paid Rs 10000 to Mr.
For personal account, the
Real
comes
Giri
rule is Debit the receiver,
Account
in
Left side man icon (Name as
credit the giver. In other
Credit
What
Mr Giri)
words, debit the account
goes
Right corner again a man
a person who receives
out
icon ( name as Business
benefit from business and
man)
credit the account of a
TOS
3
Middle arrow mark points to
person who gives some
right and text showing Paid
benefit to business.
Purchased furniture for Rs.
Rs 10000
11_Accen_t07_tp189_01_
5000
Finally at the bottom mention
16.mp3
in the same manner
Furniture Comes
Debit : Giris A/C
Let us take a Transaction
Image 2
in
Credit: Cash A/C
Paid Rs 10,000 to Mr. Giri

This image graphics should

sync with the audio Paid Rs
10,000 to Mr Giri
Here two accounts credit
cash account as it goes out
the business

Cash - Goes out

Image3

TOS 4
Debit
Nomina
l
Account

Credit

Expens
es and
Losses
Income
s and
Gains

TOS 5
Image 1
Graphic Description 02
Build the table TOS 2 in sync
with for real account that
transaction is credited
Insert image 2 and 3 with
TO3 and animate one by one
in sync with the audio For
example let us take a
transaction: Purchased
furniture the business so it
should be credited.

Paid salaries to employees Rs.

10,000
Imag
e4

Salary Expense

Cash goes out

Imag
e5

11_Accen_t07_tp189_01_
17.mp3

Here, two accounts that a

affected are Cash accoun
and Giris account. As pe
the rule, we debit Giris
account as he receives ca
from business and credit
cash account as it goes o
the business.

11_Accen_t07_tp189_01_
18.mp3

For Real Account, the rule

Debit what comes into th
business and credit what
goes out of the business.
11_Accen_t07_tp189_01_
19.mp3

In other words, wheneve

an asset is brought into t
business that transaction
debited and whenever th
asset goes out of the
business, then that
transaction is credited.

11_Accen_t07_tp189_01_
20.mp3

For example, let us take a

transaction: Purchased
furniture for Rs. 5000 for
cash
11_Accen_t07_tp189_01_
21.mp3

Image 2
image 3

Graphic Description 02

Here, two accounts affec

are Furniture account and
Cash account. As per the
rule, furniture comes into
the business, so it should
debited and cash goes ou
of the business so it shou

be credited.
Build the table TOS 4 in sync
with for nominal account
the rule is Debit all expenses
and losses and credit all
incomes and gains

11_Accen_t07_tp189_01_
22.mp3
For Nominal Account, the
rule is Debit all expenses
and losses and credit all
incomes and gains.

Fade in TOS 5 with image 4

and 5 and animate one by
one in sync with audio For
example let us take a
transaction and Cash goes
out of the business so it
should be credited

11_Accen_t07_tp189_01_
23.mp3

For example, let us take a

transaction. Paid salaries
employees Rs 10,000

11_Accen_t07_tp189_01_
24.mp3
Here the two accounts
affected are salary accou
and cash account. As per
the rule, salary is an
expense for business, so
is debited and Cash goes
out of the business, so it
should be credited.

Image 4
image 5

Required SFX

Navigational I-text
Click Play to view animation
Click Next to continue.
Notes to Tech
Screen Number: 2 Journal Entry (Animation)
Notes to Graphics
Text on Screen, Labels, I-text

Voiceover (Audio Script

Graphic
Description 01
Fade in TOS 1 in sync
with the audio What
is journal?
Journal is a book
where daily business
transactions are
recorded in a
systematic manner

Screen Heading
Journal Entry
TOS 1

Audio
11_Accen_t07_tp189_01_a
5.mp3

What is Journal?

Now that you have

understood various types
accounts and three golden
rules for each account, we
will learn how to record ea
transaction. For that we ha
journals.

Book where daily Business transactions

are recorded
TOS 2
Journal entries in the Books of .
Date
Particulars
LF Debit

Build the table TOS 2

in sync with audio
Let us look at the
format of Journal
credit amount of the
transaction
Fade in TOS 3 with
audio Let us one
transactions and
journalise the same
Transaction : 1-42015 - Started
business with cash
Rs 1,00,000

Credi
t

What is journal?
TOS
3

Example: Journalize the following

transaction
1-4-2015 - Started business with cash Rs 1,
00,000.

TOS 4

Solution : Transaction 1
Step 1
Step 2
Accounts
Nature of
A/C
Cash
Real A/C

Build table of TOS 4

Capital
Personal
with audio
A/C
Step 1 : identify the
two accounts
Step 4 : Journal Entry
affecting the
transaction . Here
the two accounts areDate
Particulars
LF Debit
4-4-15
Cash A/C
10000
Cash and capital
Dr
0
account
To Capital A/C
(Being capital
Step 2: identify the
introduced into
nature or type of
business)
accounts. Here cash
is a real account and
capital is a personal
account.
Step 3: Apply the
rule as per the
nature of account.

Step 3
Rule
Comes in
Debit
Giver Credit

Credit
100000

Journal is a book where da

business transactions are
recorded in a systematic
manner.

11_Accen_t07_tp189_01_a
6.mp3
Let us look at the format o
Journal.
First column records the d
of transaction, second
column with particulars of
type of account and third
column shows the Ledger
folio. Fourth and fifth colum
shows the debit and credit
amount of the transaction

11_Accen_t07_tp189_01_a
7.mp3
Let us look at one transact
and journalise the same.

Transaction : Mr. X started

business on 1-4-2015 with
cash Rs 1,00,000
Let us look at the solution
this transaction.

11_Accen_t07_tp189_01_a
8.mp3
Step 1: Identify the two

Cash comes into the

business so debit
cash account and
similarly capital
account is a personal
account of the
owner. Here he is
the giver thus credit
capital account
Step 4: Pass the
journal entry in the
prescribed format as
discussed earlier

accounts affecting the

transaction. Here, the two
accounts are Cash accoun
and Capital account
11_Accen_t07_tp189_01_a
9.mp3
Step 2: Identify the nature
type of accounts. Here, ca
is a real account and capit
is a personal account.
11_Accen_t07_tp189_01_a
0.mp3
Step 3: Apply the rule as
the nature of account. Cas
comes into the business, s
debit cash account and
similarly capital account is
personal account of the
owner. Here, he is the give
thus credit capital account
11_Accen_t07_tp189_01_a
1.mp3
Step 4: Pass the journal
entry in the prescribed
format as discussed earlie

Note : In TOS 4 fade

in each text step by
step

Required SFX
Navigational I-text
Click Play to view animation
Click Next to continue.
Notes to Tech

Screen Number: 4 MCQ

Notes to Graphics
Graphic Description 1
This is a single select
MCQ with one attempt.
Correct answer (b)

Text on Screen, Labels,

I-text
Interactivity title Quiz
Time!

Voiceover (Audio Script)

TOS :

Audio:
11_Accen_t07_tp189_01_au32.mp
3
Now, it is time for a small quiz.

Capital Account is a --------account?

Capital Account is a --------account?

a
b
c

Select the correct option and click

Submit.

Real
Personal
Nominal

Select the correct option

and click Submit.

Correct Feedback (1st

attempt):

Audio:
11_Accen_t07_tp189_01_au33.mp
3
Correct Feedback (1st
attempt):

Excellent! Capital Account

is a personal account

Excellent! Capital Account is a

personal account

Correct Answer Personal

Incorrect Feedback (1st

attempt):
Not quite Excellent! Capital
Account is a personal
account

Assets Required/ Image

References

11_Accen_t07_tp189_01_au34.mp
3
Incorrect Feedback (1st
attempt):
Not quite! Capital Account is a
personal account

Required SFX

Navigational I-text

Notes to Tech

Screen Number: 5 MCQ

Notes to Graphics

Text on Screen, Labels,

I-text

Voiceover (Audio Script)

Graphic Description 1
This is a single select
MCQ with one attempt.
Correct answer (a)

Interactivity title Quiz

Time!

Audio:
11_Accen_t07_tp189_01_au35.mp3

TOS :

What is the journal entry for the

transaction sold goods for cash?

What is the journal entry

for the transaction sold
goods for cash?

Cash A/c
Dr
To Sales A/C
b Sales A/C
Dr
To Cash A/C
c Cash A/c
Dr
Stock A/C
a

Select the correct option

and click Submit
Correct Answer

(a)Cash A/c

Dr

Correct Feedback (1st

attempt):
Excellent! The journal entry
for the transaction sold
goods for cash is

Dr

To Sales A/C
Incorrect Feedback (1st
attempt):
Not quite! The journal entry
for the transaction sold
goods for cash is

Cash A/c

Audio:
11_Accen_t07_tp189_01_au36.mp3
Correct Feedback (1st attempt):
Excellent! The journal entry for the
transaction sold goods for cash is cash
account debtor to sales account.
11_Accen_t07_tp189_01_au37.mp3
Incorrect Feedback (1st attempt):

To Sales A/C

Cash A/c

Select the correct option and click

Submit.

Dr

To Sales A/C
Assets Required/ Image
References

Not quite! The journal entry for the

transaction sold goods for cash is cash
account debtor to sales account.

Required SFX

Navigational I-text

Notes to Tech

Screen Number: 6 Summary

Notes to
Text on Screen, Labels, I-text
Graphics
Graphic
Description 1

Screen Header:
Summary

Use the TOS and

Flow chart for
summary.

TOS 1
Double
entry
system

Voiceover (Audio
Script)
Audio :
11_Accen_t07_tp189_0
1_au38.mp3

Receiving
the benefit Debit

Yielding the
benefit Credit

Now lets summarize

what we have learnt in
this topic.

TOS 2

Types of

Personal
Account

Real
Account

Rule

Nominal
Account

Rule

Rule
Debit
Credi
t

Recei
ver
Giver

De
bit
Cre
dit

TOS 3

What
comes
in
What
goes
out

Journal Entry Systematic way of

recording day-to-day business
transaction

Debit

Credi
t

Expen
ses
and
losses
Incom
es and
gains