Session 17 - Practice: Preparation of Journal, Ledger and Trial Balance

Practice/Practical/Practicum 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.

ICAI Study Material – Journal, Ledger, and Trial Balance exercises.

Ind AS / IFRS Framework – Emphasis on systematic recording and error-free reporting.

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