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 : LEDGER PROBLEM
Teaching Aids : PPT and Animations
CCP102.25 1
Objectives
On completion of this period, you will be able to :
Understand the method of posting into a
Ledger account
Balancing a ledger account
Understand with the help of an illustration
CCP102.25 2
Structure
Recap
illustration
Summary and Quiz
Frequently asked
Questions and Assignment
CCP102.25 3
Recap
We know what is a ledger
How to open ledger account
Rules of a ledger account
How to post into ledger account
CCP102.25 4
Let us now see:
Posting and balancing of a Ledger Account
CCP102.25 5
Illustration
The following illustration includes
List of transactions
Journal entries
Ledger accounts
CCP102.25 6
Journalise these transactions and post into
ledger and balance
2007 Rs.
June 1 Shiva started business with 1,00,000
10 Purchased Goods for 75,000
11 Sold Goods for 80,000
18 Purchased Furniture from
Parvathi Enterprises 90,000
CCP102.25 7
Journal Entries
Date ParticuLars L.F. Debit Credit
Amt Amt
Rs. Rs.
2007
June1 Cash a/c Dr 1,00,000
To Capital a/c 1,00,000
(Being business
started with cash)
10 Purchases a/c Dr 75,000
To Cash a/c 75,000
(Being goods
purchased for cash)
CCP102.25 8
Journal Entries
Date ParticuLars LF Debit Credit
Amt Amt
Rs. Rs.
2007
June1 Cash a/c Dr 80,000
To Sales a /c 80,000
(Being goods sold for cash)
18 Furniture a/c Dr 90,000
To Parvathi Enterprises a/c 90,000
(Being Furniture purchased from
Parvathi Enterprises on credit)
CCP102.25 9
Cash Account
Dr Cr
Date Particulars J Amt Date Particulars J Amt
F Rs. F Rs.
2007 2007
June1 To Capital a/c 1,00,000 June10 By Purchases 75,000
To Sales a/c 80,000
a/c
11
1,05,000
------------ 30 By balance c/d -----------
1,80,000 1,80,000
-----------
------------
------------ -----------
To balance 1,05,000
b/d
July 1 CCP102.25 10
Capital Account
Dr
Cr
Date Particulars JF Amt Date Particulars JF Amt
Rs Rs
2007 2007
June30 To balance 1,00,000 June1st By Cash a/c 1,00,000
c/d ----------- ------------
1,00,000
----------- 1,00,000
------------
-----------
- ------------
1,00,000
By balance
July 1st b/d
CCP102.25 11
Purchases Account
Dr Cr
Date Particulars J.F Amt Date Particulars J.F Amt
Rs Rs
2007 2007
June10 To Cash a/c 75,000 June By balance
30 75,000
c/d
--------- ---------
75,000
--------- 75,000
---------
--------- ---------
To balance
75,000
July 1 b/d
CCP102.25 12
Sales Account
Dr Cr
Date Particulars J.F. Amt Date Particulars J.F. Amt
Rs Rs
80,000 2007
2007
To balance Jul 11 By Cash a/c 80,000
June 30
---------
c/d --------- -
80,000
--------- 80,000
--------- ---------
----------
-
By balance
b/d 80,000
July 1
CCP102.25 13
Furniture Account
Dr Cr
Date Particulars JF Amt Date Particulars JF Amt
Rs Rs
2007
Jul18 To Parvathi 90,000 2007
By balance 90,000
Enterprises June 30 c/d
a/c
--------- ---------
90,000 -
---------
--------- 90,000
---------
----------
-
To balance
b/d 90,000
July 1
CCP102.25 14
Parvathi Enterprises Account
Dr Cr
Date Particulars JF Amt Date Particulars JF Amt
Rs Rs
2007
2007
To balance 90,000 June18 By Furniture 90,000
June30 c/d a/c ----------
--------- 90,000
90,000 ----------
----------
---------
By balance 90,000
c/d
July 1st
CCP102.25 15
Summary
We have seen:
Ruling of a ledger account
Posting
Balancing of a ledger account
Illustration
CCP102.25 16
QUIZ
1.What is the balance carried down called?
b) Closing Balance
c) Opening Balance
d) None
CCP102.25 17
Quiz
2. Generally ledger account is closed on which date of the
month?
c) Last date
d) First date
e) None
CCP102.25 18
Frequently asked questions
1. Write the procedure of balancing of a ledger
account.
2. What are the rules of posting into a ledger
account?
CCP102.25 19
Assignment
Journalise the following transactions and post them into
ledger accounts:
2005 Oct Rs
1 Ranganath started business with cash 2,00,000
Machinery 2,50,000
6 Purchased goods for cash from Rahim 35,000
10 Sold goods to Prasad on credit worth 46,000
10 Purchased computers on credit from
Phanindra Enterprises for 2,00,000
20 Paid cash to Phanindra Enterprises 1,00,000
CCP102.25 20
THANK YOU
CCP102.25 21
