Class: 1

Types of account: Account

Personal A/c Impersonal A/c

Real A/c nominal A/c

Account Three Types:

1.Personal Account
2.Real Account
3.Nominal Account

Personal Account: Any person, any company , any Organisation is personal Account.
Personal account Are the account of person, firm, Institutions which the Business Deal.
person who are eligible for income Tax.

Example:

Samir A/c
Ram A/c
Dey bros A/c
Emphasist computer academy A/c

Real A/c: All kind of Valuable Assets is Real Account.

Example: Cash A/c

Bank A/c
Land & Building A/c
Furniture A/c

Nominal A/c: All Types of Income & Expenses, profit and Losses are Nominal A/c.

Example: Salary A/c

rent A/c
Sales A/c
Stationary A/c
Purchases A/c

Classify The Following Account:

1.Rent A/c
2.Cash A/c
3.Purchase A/c
4.Wages A/c
5.Bank A/c
6.Ratan A/c
7.Electronic A/c
8.Telephone A/c
9.Raj & co. A/c
10.Salary A/c
11.Land & Building A/c
12.Furniture A/c
13.Ranjit A/c
14.Drawing A/c
15.Commision A/c
16.Stationary A/c
17.Insurence premium A/c
18.Interest A/c
19.Capital Account
20. Loan A/c
21.Outstanding Wages A/c

Golden Rules of Account:

Personal Account:
The Receiver --------Dr.
The Sender --------Cr.

Real Account:
WhatsComes in --------Dr.
Whats Goes out--------Cr.

Nominal Account:
All Expenses & Losses-----Dr.
All Income & Revenue------Cr.

Class:2
Analyse the following transaction ,state the nature of Account and state which account will be
debited and which account will be credited according to Golden Rule :

1. Manu started her business with cash amounting to Rs. 1,50,000.

2. Purchased a computer for Rs. 20,000 in cash
3. Purchased goods from cash Rs.15,000.
4. Purchased goods from Imana Rs.30,000.
5. Sold goods for cash to shabnam for Rs.20,000.
6. Sold goods to Anuksha on credit for Rs.50,000.
7. Borrowed cash from Nripen Rs.50,000.
8. Received cash from Ankit Rs.50,000.
9. Paid cash to Imana Rs.20,000.
10. Withdrew cash from business for personal use Rs.5,000.
11. Deposited cash into bank for opening an account Rs.10,000.
12. Withdrew from bank for office use Rs.5,000.
13. Received a cheque from Anuksha for Rs.10,000.
14. Deposited Anuksha Cheque into bank Rs.10,000.
15. Paid cheque to Imana Rs.10,000.
 16. Paid cheque for rent Rs.3,000.
17. Paid salary to employee Rs.10,000.
18. Paid interest on loan to Nripen Rs.2,000.
Exam:
Solution : Analysis of transaction :
Sl. No Accounts involved Nature of (Dr.) (Cr.) (Reason)
Account
1. Cash Real 1,50,000 Comes in
Capital Personal 1,50,000 Giver
2. Office equipment Real 20,000 Comes in
cash Real 20,000 Comes out

3. Purchases Nominal 15,000 Expenses

cash Real 15,000 Comes out

Class :3

Important Journal Entries:

1. Cash brought in as Capital Of business.

2. Open Bank account in the name of business.
3. Purchased goods for cash\
4. Purchased good on credit
5. Purchased good on credit
6. Purchased assets in cash
7. Purchased good on credit
8. Sold good for cash
9. Sold goods on credit
10. Sold old assets in cash
11. Sold old assets on credit
12. Cash paid to creditor
13. Cash received from customer
14. Good returned to supplier
15. Good returned from customer
16. Expenses paid for the business
17. Income(Revenue) for business
18. Loan taken for business
19. Loan or Advanced paid to a party.
20. Repayment of loan
21. Cash withdrew from bank
22. Cash deposited into bank
23. Depreciation charged on asset

Class: 4

Show journal entries to record the following transaction in the book of p. Chowdhury:

2001
April 1 started Business with cashRs. 60,000
2 cash Deposited into bankRs. 50,000
3 Received house rent from Rahamat Rs.2,000
4 Purchase Good by chequeRs. 15,000
5 paid salary by chequeRs. 3,000
8 Purchase a machinery in cashRs. 5,000
9 Paid travelling expenses by chequeRs. 6,500
11 Received loan From Anil And Deposited into bankRs. 2,500
12 Withdrawn from bank for personal useRs. 8,000
13 paid wagesRs. 3,000
15 opened bank account with cashRs. 3,200
16 sold goods to subrata on creditRs. 15,000
18 Bought goods from sujoy on creditRs. 20,000
20 Goods returned to sujoyRs. 10,000

Exam:

Date Particulars L.F. Dr. Cr.

Rs. Rs.
April Cash A/c Dr. 60,000
1 To Capital A/c 60,000
(Being business started with cash)

2 Bank A/c Dr. 50,000

To Cash A/c 50,000
(Being cash deposited Into bank)

Class:5

Journalised the following transaction

2003

January 1 Started business:

cash Rs.50,000
furniture Rs.30,000

2 Purchases Goods Rs.15,000

3.Sold Goods Rs. 20,000
4.Cash Deposited Into Bank Account Rs. 12,000
5. Purchased Machinery Rs. 18,000
6.purchased goods by Cheque Rs. 5,000
7.Purchased good from ismailRs. 25,000
8. Sold Goods to Amar Rs.40,000
9. Paid Salary to Amar Rs. 3,000
10.Paid Salary Rs. 38,000
11.Received loan from bimal and deposited into bank Rs. 5000
12.Withdrawn from bank for personal use Rs.15,000
13.Received Rent Rs.2,500
Class 6

Show journal entries to record the following transaction in the book of s. Chowdhury:

2008
Feb 1 Started business with Rs. 15,000 in cash
2 Received a loan Of Rs. 20,000 from s.jalan by cheque, a bank Account being opened
and the cheque paid into it.
3 Bought Goods for cash Rs. 6,000
8 Bought office furniture on credit from craft & co. for Rs. 3,500
10 Returned faculty office furniture Costing Rs.200 to craft & co.
12 Took Rs.3,000 out of bank and put it into the cash till.
13 Sold Goods to goon & co. for cash Rs. 4,000
15 paid wages in cash Rs. 180
18 paid amount owing to craft & co. by cheque
19 Repaid part of jalan’s Loan by cheque Rs.3,000
20 paid Rs. 7,500 out of cash in hand into Bank account

Class 7

From the Following transaction pass the necessary journal entries.

2009
Feb 1 standing in books : Machinery A/c Dr. balance Rs. 12,600 ; Abtar Singh A/c Dr.
balance Rs. 2,500; Baidyanathan A/c Cr. Balance Rs.3,850.
2 Sold goods to AbtarsinghRs. 1,500.
3 Bought goods from BaidyanathanRs. 3,000.
4 Received cash from abtarsinghRs. 2,150 and allowed him discount Rs.50.
5 Sold machinery standing in the books at Rs. 4,000 for Rs. 3,400 only in cash
8 paid Baidyanathan by cheque Rs. 2,760 and was allowed discount Rs. 40.
10 Abtarsingh and Baidyanathan bankrupt and his estate paid only 75 paisa in the rupee as
the first and final dividend by cheque , the cheque being paid into bank.
12 Depreciated machinery by Rs. 400.

Class 8
For each of the following transaction show adjustment entries for the preparing final account:
1 Outstanding interest allow Rs. 4,500
2 Salary due to an employee but not received by him Rs. 1,500.
3 Insurance premium paid in advance Rs. 1,200.
4 Rent paid to landlord in advance at Rs.1,200.
5 Closing stock was valued at Rs.3,900.
6 Interest due on loan but not paid – loan of Rs.15,000 was taken at 9% per 9 months
before the end of the year.
 Class 9

Book of Ramesh

Journal
Dr. Cr.
Date Particulars L.F. Rs. Rs.
2018
April 01 Cash A/c Dr. 1,00,000
--------To capital A/c 1,00,000
(Being Ramesh started business with cash)

April 02 Bank A/c Dr. 20,000

--------To Cash A/c 20,000
(Being cash paid into bank)

April 03 Purchase A/c Dr. 50,000

--------To Cash A/c 50,000
(Being purchased goods for cash )

April 04 Cash A/c Dr. 10,000

--------To Bank A/c 10,000
(Being drew cash from bank for office use)

April 13 Krishna A/c Dr. 15,000

--------To Sales A/c 15,000
(Being sold goods to Krishna on credit)

April 20 Purchase A/c Dr. 22,500

--------To Shyam A/c 22,500
(Being bought goods from Shyam on credit )

April 24 Cash A/c Dr. 12,500

Discount Allowed A/c Dr. 500
--------To Krishna A/c 13,000
(Being received cash from Krishna and discount allowed)

April 28 Shyam A/c Dr. 22,500

--------To Cash A/c 21,500
--------To Discount received A/c 1,000
(Being paid to Shyam and discount received)

April 28 Sales Return A/c Dr. 2,000

 --------To Krishna A/c 2,000
(Being goods return by krishna)

April 30 Cash A/c Dr. 80,000

--------To Sales A/c 80,000
(Being sold goods for cash)

April 30 Rent A/c Dr. 5,000

Salary A/c Dr. 10,000
--------To Cash A/c 15,000
(Being rent and salary were paid )

Class 10
Journalised the following transaction in the books of M/s. Bhatia Bros.
2012
April 1. Started business with cash Rs. 45,000
2. Bought goods for cash Rs. 18,300
3. Furniture purchased for cash Rs. 2,100
6.Opened a bank account Rs. 10,000
11. Purchased goods from Mr.lal Rs. 7,200
12.Paid wages by cheque 1,700
20. Goods sold on credit to P.Naik Rs.12,400
22. Cash paid to Mr.lal in full settlement Rs. 7,000
23. Received cash from p.Naik in full settlement Rs.12,000
24.Withdrew from bank for personal use Rs. 2,000
26.Good distributed as free Sample among customers Rs.5,00
28. Paid salary to staff Rs.3,600

Class 11

Pass the necessaryJournal entries with the following information:

2009 Feb.

1. Started business with cash.4. Deposited into bank.

8. Purchased machinery for cash.
12. Paid for electric charges.
17. Stationary purchased.
18. Drew for private use from bank.
20. Sold goods to Paul & Co.
21. Pa id advance rent for 3 months.
23. Received a cheque from Paul & Co. for Rs. 4,250 in full settlement and sent the
cheque to bank.
25. Cheque of Paul &Co. dishonoured.
26. Salaries due to staff.

Class 12

Pass Necessary Journal entries from the following transactions in the books of
Subrata.

2012 April

1. Started business with cash Rs.25,000, Furniture Rs.3,000, Machinery

Rs.8,000.
2. Opened a Bank Account Rs.15,000.
3. Received loan from P.Kundu Rs.7,000.
5. Purchased goods from S.Debnath for Rs.17,000 of which Rs.7,000 was paid by
Cheque.
7. Purchased goods worth Rs. 4000 at a trade discount of 5%.
9. Sold goods to Amal for Rs. 5,000 and accepted a cheque for Rs.3,000 which was sent
to bank.
12. Sold goods for cash Rs.9,000 at a trade discount of 10%.
16. Paid carriage on purchase of goods Rs.400.
 17. Paid carriage on sale of goods Rs.500.
18. Cash received from Mr. Roy Rs. 800 in full settlement of his dues Rs.900.
20. Cheque issued to Mr. Saha Rs. 1,100 in full settlement of our dues Rs.1,400.
22. Received commission in cash Rs. 1,000.
23. Loan given to P. Sengupta Rs. 3,500.
26. Repaid loan to P. Kundu with interest Rs.100.
27. Paid to Hari Rs. 3,000 and discount received from him Rs.200.
28. Received from Lalu Rs. 6,700 and discount allowed Rs.300.
29. Sold goods for cash Rs.6,000 less trade discount @10% and cash discount @5%.
30. Purchased goods for cash Rs. 5,000 less trade discount @20% and cash discount
@10%.

Class 13

1.Company Creation

2.Direct Expenses : Definition & Example

3.indirect Expenses : Definition & Example
4.Direct Income: Definition & Example
5.Indirect Income: Definition & Example
6.Sundry Debtors: Definition & Example
7.Sundry Creditors: Definition & Example
8.Fixed Assets: Definition & Example
9.Current Assets: Definition & Example
10.Current Liabilities: Definition & Example
11.Fixed Liabilities: Definition & Example

Class 14 & 15

How to create Balance sheet

2 Example

Class 16

Lesson 1

Class 17

Lesson 2

Cless 18

Lesson 3

Class 19

Lesson 4

Class 20

Lesson 9

Class 21

Lesson 10