DEPARTMENT OF TECHNICAL EDUCATION

ANDHRA PRADESH
Name : R. ROHINI
Designation : Lecturer
Branch : D.C.C.P.
Institute : S.G.M. Government Polytechnic,
Abdullapurmet,R.R.Dist
Year/Semester : I Year
Subject : ACCOUNTANCY-I
Subject Code : CCP-102
Topic : Ledger
Duration : 50 Mts
Sub-Topic : Posting into Ledger
Teaching Aids : PPT and Animations
CCP102.27 1
Objectives :
On completion of this period, you would
be able to :

 Solve a problem by Journalising

 Posting into respective ledger accounts
 Balancing the accounts

CCP102.27 2
Structure :

Recap
Problem
Journal entries
Ledger accounts
Assignment
Quiz

CCP102.27 3
Recap :

 We know how to Journalise transactions

 How to post into ledger accounts
 How to balance ledger accounts

CCP102.27 4
Problem on Ledger :
Journalise the following transactions and post them
into ledger:
2006 Jan 1st Started business with cash
Rs.20,000
Jan 10th Purchased goods for Rs.15,000
Jan 12th Purchased vehicle worth
Rs.15,000 for cash
Jan 18th Sold goods for cash Rs.30,000
Jan 26th Sold goods to Mohan on credit
for Rs. 3,000
Jan 29th Purchased tables from pioneer
Co. on credit for Rs.20,000
CCP102.27 5
Let us now Journalise these
Transactions

CCP102.27 6
Journal Entries
Date Particulars L.F Debit Credit
Amt Rs Amt Rs
2006 Cash a/c Dr 20,000
Jan To Capital a/c 20,000
1st (Being business started
with cash)
10th Purchases a/c Dr 15,000
To cash a/c 15,000
(Being goods purchased)
12th Vehicle a/c Dr 15,000
To cash a/c 15,000
(Being vehicle purchased)
18th Cash a/c Dr 30,000
30,000
To Sales a/c
(Being goods sold for cash)
CCP102.27 7
Journal Entries

Date Particulars L.F Debit Credit

Amt (Rs.) Amt (Rs.)

26th Mohan a/c Dr. 3,000

To Sales a/c 3,000
(Being goods sold to
Mohan on credit)
29th Furniture a/c Dr. 20,000
To Pioneer Co. a/c 20,000
(Being tables purchased
from Pioneer Co. on
credit)

CCP102.27 8
Let us now Open Individual
Ledger Accounts

CCP102.27 9
 Cash Account
Dr Cr
Date Particulars J Amt Date Particulars J Amt
F Rs F Rs
2006 2005
Jan To Capital a/c 20,000 Jan By purchases 15,000
1st 10th
a/c
18th To sales a/c 30,000 12th 15,000
By Vehicle
a/c
31 st
20,000
---------- By Balance ----------
50,000 50,000
2006 ---------- c/d ----------
Fe 1 To balance
b/d 20,000
CCP102.27 10
 Capital
Account
Dr Cr
Date Particulars JF Amt Date Particulars JF Amt
Rs Rs
2006 2006
Jan To balance 20,000 Jan By cash a/c 20,000
31st 1st
c/d ---------- ---------
20,000 20,000
---------- ---------
Feb By balance 20,000
1st
b/d

CCP102.27 11
 Purchases Account

Dr Cr
Date Particulars J. Amt Date Particulars J. Amt
F. Rs F. Rs

2006 2006
Jan To cash a/c 15,000 Jan By balance 15,000
----------- 31
st
10th ----------
c/d 15,000
15,000
----------- ----------
Feb To balance 15,000
1st
b/d
CCP102.27 12
 Vehicle Account
Dr Cr
Date Particulars J Amt Date Particulars J Amt
F Rs F Rs

2006 2006
Jan To cash a/c 15,000 Jan By balance 15,000
12th --------- 31st ---------
c/d
15,000 15,000
Feb --------- ---------
1st To balance 15,000

b/d

CCP102.27 13
 Sales Account
Dr Cr
Date Particulars J Amt Date Particulars J Amt
F Rs F Rs

2006 2006
Jan To balance c/d Jan By cash a/c 30,000
31st 33,000 18th
26th By Mohan a/c 3,000

--------- ---------
33,000 33,000
--------- ---------

2006 By balance b/d 33,000

Feb
1st
CCP102.27 14
 Mohan Account
Dr Cr
Date Particulars J Amt Date Particulars J Amt
F Rs F Rs

2006 2006
Jan To Sales a/c 3,000 Jan By balance c/d 3,000
26th 31st
--------- --------
3,000 3,000
--------- --------
Feb
1st To balance 3,000

b/d CCP102.27 15
 Furniture Account
Dr Cr
Date Particulars J. Amt Date Particulars J. Amt
F. Rs F. Rs
2006 2006
Jan To Godrej 20,000 Jan By balance 20,000
29th Co. a/c 31st
c/d
---------- ---------
20,000 20,000
---------- ---------
Feb To balance 20,000
1st
b/d
CCP102.27 16
 Pioneer Co. Account
Dr Cr
Date Particulars J. Amt Date Particulars J. Amt
F. Rs F Rs
.
2006 2006 20,000
Jan To balance 20,000 Jan By Furniture
31st 29th
c/d a/c
---------- ----------
20,000 20,000
---------- ----------
Feb 20,000
By balance
1st
CCP102.27 17
b/d
Summary :

 Thus we have seen how to Journalise

 How to open individual ledger accounts
 How to balance ledger accounts

CCP102.27 18
Assignment :

Journalise the following transactions:

2006
July 1st Started business with cash Rs.15,000
2nd Purchased goods for cash Rs.2,500
4th Sold goods for cash Rs.5,900
10th Purchased furniture from Ram & Co.
on credit Rs.10,500
25th Received cash from Raghu Rs.3,400
30th Paid cash to Ram & Co. 10,500

CCP102.27 19
Quiz :

1. When we purchase goods on credit, we

credit :
a) Cash a/c
b) Suppliers a/c
c) Purchases a/c

CCP102.27 20
2. When cash is received from Shekhar, we
debit which account?
a) Shekhar account
b) Cash account
c) Bank account

CCP102.27 21
Thank You

CCP102.27 22