DEPARTMENT OF TECHNICAL

EDUCATION ANDHRAPRADESH
Name : R. Radha
Designation : Assistant Lecturer
Branch : Commercial and Computer
Practice
Institute : Central Institute of Commerce
Year : I year
Subject : Accountancy
Subject Code : CCP102
Topic : Recording of transactions
Duration : 50 minutes
Sub Topic : Definition of journal & types of
accounts
Teaching Aids : PPT, Animations
CCP-102.7 1
Recap

We have learned in previous session

 Accounting concepts and conventions

CCP-102.7 2
Objectives

 On completion of this period you would be able to

know
 Meaning of journal

CCP-102.7 3
To run the business the trader requires to
 Buy and sell goods

 Deal with persons

 Incur expenses etc

CCP-102.7 4
The above dealings will be recorded

 According to double entry system

 In a set of books

CCP-102.7 5
 Journal

 The book in which dealings are recorded is

called journal
 Journal is derived from Latin word
‘ Jour’ means a day

CCP-102.7 6
Journal
 It contains all business transactions

 Recorded after analyzation and Classification

 It is called Day Book

 Book of prime entry

CCP-102.7 7
Divisions of Journal

Cash book Sales book

Purchases book Sales returns book
Purchases returns book Bills Receivable book
Bills Payable book Journal proper

CCP-102.7 8
Specimen of Journal
Date Particulars L Debit Credit
.F. Amount Amount
No. Rs. Rs.

. Table.1

CCP-102.7 9
There are five columns
2. Date column : Date of transaction
3. Particulars : Two aspects related to
the transaction
3. Ledger folio no.: The page number of the
ledger is shown

In brief it is written as LF.

4. Debit : Amount to be debited
5. Credit : Amount to be credited

CCP-102.7 10
Summary

We have learned in this session

 Meaning of journal

CCP-102.7 11
CCP-102.7 12