Chapter 4 · Accounting Process
Recording of Transactions – II
लेन-देनों का अभिलेखन – II
Cash book (single and double column), petty cash book, purchases, sales and returns books, journal proper and balancing of accounts.
🎯 Unit 2: Accounting Process — 44 marks (Ch 3 to Ch 7)
Dost Sir: A busy shop cannot write everything in one journal. Special books save time. Read the lessons from top to bottom, in this order. At the end of each lesson press “Lesson complete” so your progress is saved.
Lessons
- 1 Cash Book: one book for all cash and bank money Explain why the journal is split into special books and why the cash book is both a journal and a ledger · Prepare and balance a single column cash book · Prepare a double column (cash + bank) cash book with contra entries, cheques and overdraft · Post the cash book to the ledger and record cash discount correctly ⏱ 35 min ✓
- 2 Petty Cash Book: handling small daily expenses Explain why a separate petty cash book is kept and who keeps it · Understand the imprest system and calculate the reimbursement · Prepare an analytical (columnar) petty cash book and balance it · Post the petty cash book to the ledger through Petty Cash A/c and expense accounts ⏱ 30 min ✓
- 3 Purchases, Sales and Returns Books (with debit and credit notes) Decide which transactions go into the purchases, purchases return, sales and sales return books · Prepare these books with trade discount and post them to the ledger · Understand debit notes and credit notes and who prepares them · Prepare an analytical purchases/sales book with CGST, SGST and IGST columns ⏱ 35 min ✓
- 4 Journal Proper and Balancing of Accounts List the transactions that are recorded in the journal proper and why · Pass journal proper entries such as opening, credit purchase of assets, goods withdrawn, samples, loss by fire and discount cancellation · Balance personal and real accounts, and close nominal accounts · Put the whole chapter together: which book, posting and balancing ⏱ 35 min ✓
10 MCQs (instant result) + 6 board-style questions (with full solutions) Challenge Zone (Advanced / HOTS)
Challenge Zone: Recording of Transactions – II · 4 topper-level problems + 2 brain teasers