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 : CCP102.16
Topic : Journalization
Duration : 50 minutes
Sub Topic : Entries in journal
Teaching Aids :Animations
CCP102.16 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

CCP102.16 2
Enter the following transactions in the journal:-
2007 Rs
April 1 Commenced business with cash 80,000
Buildings 1,20,000
4 Sold goods to Mohan 5,000
5 Received from Motilal 3,500
7 Goods purchased for cash 1,000
13 Sold goods to Lakshmi 2,000

20 Paid cash for Wages 500

22 Paid cash for Commission 1,500
24 Purchased Furniture 30,000
30 Paid cash for Salaries 1,500
CCP102.16 3
 SOLUTION
Date Particulars L Debit Credit
F Amount Amount
Rs. Rs.
2007 Cash a/c Dr 80,000
April 1 Buildings a/c Dr 1,20,000
To capital a/c 2,00,000
(being commenced
business)
4 Mohan a/c Dr 5,000
To Goods a/c 5,000
(being goods sold on credit)
5 Cash a/c Dr 3,500
To Motilal a/c 3,500
(being cash received from
Motilal
CCP102.16 4
April 7 Goods a/c 1,000
To Cash a/c 1,000
(being goods bought for
cash)

13 Lakshmi a/c 2,000

To Goods a/c 2,000
(being goods sold on
credit)

20 Wages a/c 500

To Cash a/c 500
(being wages paid)

CCP102.16 5
April 22 Commission a/c Dr 1,500
To cash a/c 1,500
(being commission paid)
24 Furniture a/c Dr 30,000
To Cash a/c 30,000
(being furniture purchased)
30 Salaries a/c Dr 1,500
To Cash 1,500
(being salaries paid)

CCP102.16 6
April 7 Goods a/c Dr 1,000 1,000
To cash a/c
(being goods
bought for cash)
13 Lakshmi a/c Dr 2,000 2,000
To Goods a/c
(being goods
sold on credit)
20 Wages a/c 500 500
Dr
To cash a/c
(being wages
paid)
CCP102.16 7
SUMMARY

We have learned in this session

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

CCP102.16 8
 QUIZ

Goods withdrawn by the proprietor for personal

use Rs. 5000

What will be the Journal entry

a) Drawings a/c Dr To Goods a/c

b) Proprietor’s a/c Dr to Goods
c) Purchases a/c Dr to proprietor's a/c
d) None of the above
CCP102.16 9
Frequently Asked Questions
Problems on Journalisation

CCP102.16 10