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Dear Teachers,

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These slides have been prepared based on the NCERT syllabus to support you in teaching Plus One and Plus Two Accountancy and Computerised Accounting.

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Please review and verify the content before using it in your classrooms. If you find any errors or have feedback, please let me know.

​

Mujeeb Rahiman C

HSST Commerce

GHSS Pattikkad

Malappuram Dt.

​

✉️ mujeebchemmala@gmail.com

9995983075 �

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Chapter - 3

Recording of Transactions - I

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Journalising | Posting | Balancing

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Mr. Varma commenced business on 1st July 2017 with Rs. 15000. His transactions for the month of July are given below:

July 1 Purchased goods for cash Rs. 5600

4 Sold to Gopal, goods Rs. 3100

15 Cash Sales Rs. 2400

20 Received cash from Gopal Rs. 1600

25 Cash received in as commission Rs. 1000

31 Paid salaries to Staff Rs. 2500

Journalise the above transactions. Post them to Cash Account and balance

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Journal

Date

Particulars

LF

Debit Amt

Credit Amt

01/07/2017

Cash Account

15,000

15,000

To Capital Account

Dr.

(Commenced business with cash)

Mr. Varma commenced business on 1st July 2017 with Rs. 15000. His transactions for the month of July are given below:

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Journal

Date

Particulars

LF

Debit Amt

Credit Amt

01/07/2017

Cash Account

15,000

15,000

To Capital Account

Dr.

(Commenced business with cash)

01/07/2017

Purchases A/c

5,600

5,600

To Cash Account

Dr.

(Purchased goods for cash)

July 1 Purchased goods for cash Rs. 5600

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Journal

Date

Particulars

LF

Debit Amt

Credit Amt

01/07/2017

Cash Account

15,000

15,000

To Capital Account

Dr.

(Commenced business with cash)

01/07/2017

Purchases A/c

5,600

5,600

To Cash Account

Dr.

(Purchased goods for cash)

4 Sold to Gopal, goods Rs. 3100

04/07/2017

Gopal’s Account

3,100

3,100

To Sales A/c

Dr.

(Sold goods to Gopal)

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Date

Particulars

LF

Debit Amt

Credit Amt

15/07/2017

Cash Account

2,400

2,400

To Sales A/c

Dr.

(Cash Sales)

15 Cash Sales Rs. 2400

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Date

Particulars

LF

Debit Amt

Credit Amt

15/07/2017

Cash Account

2,400

2,400

To Sales A/c

Dr.

(Cash Sales)

20/07/2017

Cash Account

1,600

1,600

To Gopal’s A/c

Dr.

(Cash received from Gopal)

20 Received cash from Gopal Rs. 1600

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Date

Particulars

LF

Debit Amt

Credit Amt

15/07/2017

Cash Account

2,400

2,400

To Sales A/c

Dr.

(Cash Sales)

20/07/2017

Cash Account

1,600

1,600

To Gopal’s A/c

Dr.

(Cash received from Gopal)

25/07/2017

Cash Account

1,000

1,000

To Commission received A/c

Dr.

(Commission received)

25 Cash received in as commission Rs. 1000

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Date

Particulars

LF

Debit Amt

Credit Amt

15/07/2017

Cash Account

2,400

2,400

To Sales A/c

Dr.

(Cash Sales)

20/07/2017

Cash Account

1,600

1,600

To Gopal’s A/c

Dr.

(Cash received from Gopal)

25/07/2017

Cash Account

1,000

1,000

To Commission received A/c

Dr.

(Commission received)

31/07/2017

Salary A/c

2,500

2,500

To Cash Account

Dr.

(Paid Salary)

31 Paid salaries to Staff Rs. 2500

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Date

Amount

Date

Amount

Particulars

Particulars

Cash Account

01/07/17

Dr.

Cr.

J.F.

J.F.

Capital Account

15,000

01/07/2017

Cash Account

15,000

15,000

To Capital Account

Dr.

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Date

Amount

Date

Amount

Particulars

Particulars

Cash Account

01/07/17

Dr.

Cr.

J.F.

J.F.

Capital Account

15,000

01/07/17

Purchases A/c

5,600

01/07/2017

Purchases A/c

5,600

5,600

To Cash Account

Dr.

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Date

Amount

Date

Amount

Particulars

Particulars

Cash Account

01/07/17

Dr.

Cr.

J.F.

J.F.

Capital Account

15,000

01/07/17

Purchases A/c

5,600

04/07/2017

Gopal’s Account

3,100

3,100

To Sales A/c

Dr.

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Date

Amount

Date

Amount

Particulars

Particulars

Cash Account

01/07/17

Dr.

Cr.

J.F.

J.F.

Capital Account

15,000

01/07/17

Purchases A/c

5,600

15/07/2017

Cash Account

2,400

2,400

To Sales A/c

Dr.

15/07/17

Sales A/c

2,400

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Date

Amount

Date

Amount

Particulars

Particulars

Cash Account

01/07/17

Dr.

Cr.

J.F.

J.F.

Capital Account

15,000

01/07/17

Purchases A/c

5,600

15/07/17

Sales A/c

2,400

20/07/2017

Cash Account

1,600

1,600

To Gopal’s A/c

Dr.

20/07/17

Gopal A/c

1,600

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Date

Amount

Date

Amount

Particulars

Particulars

Cash Account

01/07/17

Dr.

Cr.

J.F.

J.F.

Capital Account

15,000

01/07/17

Purchases A/c

5,600

15/07/17

Sales A/c

2,400

20/07/17

Gopal A/c

1,600

25/07/2017

Cash Account

1,000

1,000

To Commission received A/c

Dr.

25/07/17

Commission received A/c

1,000

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Date

Amount

Date

Amount

Particulars

Particulars

Cash Account

01/07/17

Dr.

Cr.

J.F.

J.F.

Capital Account

15,000

01/07/17

Purchases A/c

5,600

15/07/17

Sales A/c

2,400

20/07/17

Gopal A/c

1,600

25/07/17

Commission received A/c

1,000

31/07/2017

Salary A/c

2,500

2,500

To Cash Account

Dr.

31/07/17

Salary A/c

2,500

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Date

Amount

Date

Amount

Particulars

Particulars

Cash Account

01/07/17

Dr.

Cr.

J.F.

J.F.

Capital Account

15,000

01/07/17

Purchases A/c

5,600

15/07/17

Sales A/c

2,400

20/07/17

Gopal A/c

1,600

25/07/17

Commission received A/c

1,000

31/07/17

Salary A/c

2,500

20,000

20,000

31/07/17

Balance c/d

11,900

01/08/17

Balance b/d

11,900

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Journal

Ledger

First entry

Second entry / final entry

Chronological Record

Analytical Record

On the basis of source

document

On the basis of journal

No balancing

All accounts are balanced

Journalising

Posting

Differences between Journal and Ledger

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MUJEEB RAHIMAN C

HSST COMMERCE

GHSS PATTIKKAD

MALAPPURAM DT