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Journal and Journalising - Basics - Learn Simple
Rating: 3.6 out of 5(14 ratings)
1,353 students

Journal and Journalising - Basics - Learn Simple

Journalising accounting Transactions
Created byRCCS Center
Last updated 4/2021
English

What you'll learn

  • Business Transaction and Account Head
  • Double entry system in Accounts
  • Type of accounts and their rules - Real Account, Personal Account, Nominal Account
  • Journalising business transactions

Course content

1 section • 13 lectures • 47m total length

  • Journal - Introduction0:45

    Introduction

  • Journal - Definition4:04

    Journal is a book of recording accounting transactions chronologically. A transaction is a  double entry system, it has  two parties, means two accounts, one is debit and other is credit.  there are some common account heads , which are using frequently in recording transaction. Transactions can mainly categorized into  income, expense, assets and liability. This video lesson will teach you this all.

  • Journal - Double Entry System in Journalising1:16

    Double entry system in Journalising, rules of accounts in entering debit and credit in journal. This video is graphically representing this.

  • Journal - Journalising, Example with Graphics2:14

    Rules of accounts in entering debit and credit in journal. This video  Graphically representing again more.

  • Journal - Learn Journalising through Type of Transaction2:16

    Journalising Transaction by recognizing  their type - cash, credit, non - cash transaction. This video will teach you this well.

  • Journal - Common Account Heads and their Journalising5:12

    Common account heads and their journalizing. By knowing this entries, you are able to record and manage majority of  transactions . this video will teach you this well.

  • Journal - Journalising Accounting Transactions , Methods and Examples I5:29

    Learn journalising by their category - Transactions are all  income, expense , assets, and liability based. this video will give you good explanation about it with example.

  • Journal - Journalising Accounting Transactions , Methods and Examples II3:20

    Journalizing various type of transaction , examples. this video will show you more..

  • Journal - Journalising Accounting Transactions , Assignment013:46

    this video is a lecturing of an assignment, you are requested to journalize this problem.

  • Journal - Journalising Accounting Transactions , Assignment026:30

    this video is a lecturing of an assignment, you are requested to journalize this 2nd problem.

  • Journal - Journalising Accounting Transactions , Assignment033:50

    this video is a lecturing of an assignment, you are requested to journalize this 3rd problem.

  • Journal - Journalising Accounting Transactions , Assignment045:10

    this video is a lecturing of an assignment, you are requested to journalize this 4th problem.

  • Journal - Journalising Accounting Transactions , Assignment053:50

    this video is a lecturing of an assignment, you are requested to journalize this 5th problem. PDF file contain all assignment is attached, download and practice yourself.

  • assignment -1

Requirements

  • Any learners who are interested in accounts and accounts based jobs

Description

This free course is covering the basics of accounts - journal and Journalizing . Journal is a day book for keeping business transactions in order by date. it is a book of prime entry or a book of original entry. We can make or prepare  ledger from  this book, ledger is a collection of accounts in similar nature, it is a principal book or secondary book. Accounts statements such as trial balance, trading or manufacturing account, profit and loss account or income and expense account , balance sheet etc...  are preparing from  the ledger. However the origin of these statements and ledgers are from the books of Journal. So we can imagine the importance of Journal in accounts. Other books of original entry are:


- purchase book


- sales book


- purchase return book


- sales return book


- bills receivable book


- bills payable book


- cash book


This course is designed with graphics and anyone can simply learn, this is a door step to book keeping and Accounting. 

course detail in brief:

introduction

double entry system in Journal

golden rules of accounts in Journal

Journalizing Transaction on the basis of their type

Journalizing Transactions based on their category

Common account heads and their Journalizing

Journal is a double entry system, so non-commerce students absolutely  not know how to enter business transactions in journal. Even commerce students are also making mistake while entering business transactions in Journal. In this situation they are not eligible for an accounting job in a company. In  addition to Journal book , the above given books, preparation of various accounts statements and reports  are necessary to learn and manage well for getting a good job in  a company.

Who this course is for:

  • anyone who are interested to learn the basics of accounts - journalising business transactions
  • you may be a businessman,an enterprenor, a trainer, an employee, or just a student - everyone who are in need of learning accounts is suited this course

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