DEPARTMENT OF TECHNICAL EDUCATION

ANDHRA PRADESH

Name : NAND KISHORE SINGH

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 Minutes
Sub-Topic : Problems on Ledger
Teaching Aids : PPT and Animations

CCP102.24 1
Objectives
On completion of this period, you would be able to :

 Understand the method of posting into a Ledger

account
 Balancing a ledger account
 Understand with the help of an illustration

CCP102.24 2
Structure
 Recap
 illustration
 Summary and Quiz
 Frequently asked
 Questions and Assignment

CCP102.24 3
Recap
 We know what is a ledger
 How to open ledger account
 Rules of a ledger account
 How to post into ledger account

CCP102.24 4
Let us now see:

 Posting and balancing of a Ledger

Account

CCP102.24 5
Illustration

The following illustration includes

 List of transactions
 Journal entries
 Ledger accounts

CCP102.24 6
Journalise these transactions and post into
ledger and balance

2007 Rs.
July 1 Rama started business with 10,000
10 Purchased Goods for 15,000
12 Sold Goods for 10,000
15 Purchased Furniture from
Seetha Enterprises 20,000
20 Sold goods to Ram & Co. on credit for 5,000

CCP102.24 7
Journal Entries

Date ParticuLars L. Debit Credit

F. Amt Amt
(Rs.) (Rs.)
2007
July 1 Cash a/c Dr. 10,000
To Capital a/c 10,000
(Being business
started with cash)
10 Purchases a/c Dr 15,000
To Cash a/c 15,000
(Being goods
purchased for cash)
CCP102.24 8
 Journal Entries
Date ParticuLars LF Debit Credit
Amt Amt
Rs. Rs.
2007
July 12 Cash a/c Dr 10,000
To Sales a/c 10,000
(Being goods sold for cash)
15 Furniture a/c Dr 20,000
To Seetha Enterprises a/c 20,000
(Being Furniture purchased
from Seetha Enterprises on
credit)
Ram a/c Dr 5,000
25
To Sales a/c 5,000
(Being goods sold to Ram on
credit) CCP102.24 9
 Cash Account
Dr Cr

Date Particulars J Amt Date Particulars J Amt

F Rs. F Rs.
2007 2007
July 1 To Capital a/c 10,000 July 10 By Purchases a/c 15,000
To Sales a/c 10,000 By balance c/d 5,000
25
--------- 31
---------
20,000
--------- 20,000
---------
--------- ---------
To balance b/d 5,000

Aug 1

CCP102.24 10
 Capital Account
Dr Cr

Date Particulars J Amt Date Particulars J Amt

F Rs. F Rs.

2007 2007
Jul 31 To balance c/d 10,000 Jul 1 By Cash a/c 10,000

--------- ---------
10,000
--------- 10,000
---------
--------- ---------
By balance b/d 10,000

Aug 1

CCP102.24 11
 Purchases Account
Dr Cr

Date Particulars J Amt Date Particulars J Amt

F Rs. F Rs.
2007 2007
Jul 10 To Cash a/c 15,000 Jul 31 By Balance c/d 15,000

--------- ---------
15,000
--------- 15,000
---------
--------- ---------

To Balance b/d 15,000

CCP102.24 12

August 1
 Sales Account
Dr Cr

Date Particulars J Amt Date Particulars J Amt

F Rs. F Rs.
2007
2007
To Balance c/d 15,000 Jul 12 By Cash a/c 10,000
July 31
By Ram a/c 5,000
20
---------
--------- -
15,000 15,000
---------
--------- ---------
----------
-
By Balance b/d
15,000
CCP102.24
Aug 1 13
 Furniture Account
Dr Cr

Date Particulars J Amt Date Particulars J Amt

F Rs. F Rs.

2007
Jul15 To Seetha 2007
By balance c/d 20,000
Enterprises a/c 20,000 July 31

--------- ---------
20,000 -
---------
--------- 20,000
---------
20,000 ----------
To balance b/d -

CCP102.24 14
 Seetha Enterprises Account
Dr Cr
Date Particulars J Amt Date Particulars J Amt
F Rs. F Rs.
2007 20,000
2007
To balance c/d 20,000 Jul 15 By Furniture
July 31
--------- a/c ---------
20,000
--------- 20,000
---------
--------- ----------

20,000
By balanced
Aug 1

CCP102.24 b/d 15
 Ram’s Account
Dr Cr

Date Particulars J Amt Date Particulars J Amt

F Rs. F Rs.
2007 2007
Jul 20 To Sales a/c 5,000 Jul 31 By balance c/d 5,000

--------- ---------
5,000
--------- -
--------- 5,000
---------
----------
-
To balanced b/d 5000
Aug 1

CCP102.24 16
Summary

 We have seen:
 Ruling of a ledger account
 Posting
 Balancing of a ledger account
 illustration

CCP102.24 17
Quiz

1.What is the method of totalling and finding

difference of a ledger account?
c) Journalising
d) Balancing
e) None

CCP102.24 18
Quiz

2. Which total is written on both sides?

b) Greater total
c) Lesser total
d) None

CCP102.24 19
Frequently asked questions

1. Write the procedure of balancing of a ledger

account.
2. What are the rules of posting into a ledger
account?

CCP102.24 20
Assignment

Journalise the following transactions and post them

into ledger accounts:

2006 Rs.
April 1 Mohan started business with cash 2,000
Furniture 20,000
5 Purchased goods for cash
5,000
7 Sold goods to Bhavya on credit worth 6,000
10 Purchased Stationery on credit from 2,000
Ram Enterprises

CCP102.24 21
THANK YOU

CCP102.24 22