Embedded Files
Session Plan : Practice: Preparation of Journal, Ledger and Trial Balance
Session Plan : Practice: Preparation of Journal, Ledger and Trial Balance
Introduction (5 min): Briefly recap the flow from Journal → Ledger → Trial Balance.
Journal Practice (10 min): Record a set of sample business transactions in the Journal.
Ledger Posting (10 min): Post the journal entries into respective Ledger accounts.
Trial Balance Preparation (15 min): Extract balances and prepare a Trial Balance statement.
Recap & Q/A (5 min): Summarize steps, discuss common mistakes, and clarify doubts.
Lecture Material : (PDF, PPT)
Lecture Material : (PDF, PPT)
Learning Material (IV Quadrant Approach)
Learning Material (IV Quadrant Approach)
(Q1) : Text and Image based Content (PDF/Image Formats)
(Q1) : Text and Image based Content (PDF/Image Formats)
(Q3) : Formative Assessment (Google Form/Any Other Online Quiz Platform): forms.fillout.com/t/uUr5NeaX93us
(Q3) : Formative Assessment (Google Form/Any Other Online Quiz Platform): forms.fillout.com/t/uUr5NeaX93us
(Q4) : Further Reading
(Q4) : Further Reading
T.S. Grewal – Introduction to Accountancy, S. Chand Publications.
R.L. Gupta & Radhaswamy – Financial Accounting, Sultan Chand & Sons.
S.P. Jain & K.L. Narang – Principles of Accounting, Kalyani Publishers.
P.C. Tulsian – Financial Accounting, S. Chand Publications.
T.S. Reddy & Y. Hari Prasad Reddy – Financial Accounting, Margham Publications.
Key Questions
Key Questions
What is the difference between a Journal and a Ledger?
Why is Trial Balance called a “checkpoint” in the accounting cycle?
Give two advantages of preparing ledger accounts.
Can a Trial Balance detect all types of errors? Explain briefly.
Why must every Journal entry have equal debit and credit amounts?
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