TVTC Teacher Training

Programme

Teaching Practice

Main goals

At the end of this session the

student be able to:

Identified the accounting cycle.

Analyses the financial transaction.

Recording the financial transaction.

Posting financial transaction.

Activity Time

Introduction - Ice broken 11:30 – 11:40

Accounting cycle + recording 11:40 – 12:10

Break 12:10 – 12:20

Posting + exercise 12:20 – 12:50

Conclusion + Feedback 12:50 – 1:00

Activate

Accounting Cycle

Accounting Cycle

Transaction

Recording

Financial Reports

Sales Purchase

Invoice Receipt

Posting

Expenses

Income Balance sheet

Journal

Ledger

Document

Trail

Balance

Accounting Cycle

Recording

Dobell Entry System

What is

mean

Any transaction

Debit

Credit

Part

Part

Exercise

Began Business with capital of $

500000 deposit the Bank

furniture bought $ 10000 Down

payment through the Bank

Exercise

Credit Debit

Recording

Where? Journal

Credit Debit Particulars Date

Debit Account

Credit Account

Description

#####

#####

Recording

Credit Debit

1/1: Began Business with capital of $ 500000

deposit the Bank

Credit Debit

500000 Capital 500000 Bank

Transaction Document

Credit Debit Particulars Date

Bank

capital

Began Business

500000

500000

1/1

Recording

Credit Debit

5/1: furniture bought $ 10000 Down payment

through the Bank

Credit Debit

10000 Bank 10000 furniture

Transaction Document

Credit Debit Particulars Date

furniture

Bank

Purchase furniture

10000

10000

5/1

Exercise

2

Exercise

Enter the following transaction into the journal:

1/11: Began Lars his Business with capital of $

200000 deposit the Bank

10/11: furniture bought $ 10000 Down payment

through the Bank

15/11: Purchased goods by check value $ 2000.

20/11: sold goods by check value $ 1000.

21/11: paid rent by check value $5000

Posting

http://www.youtube.com/wa

-PKnYI1tch?v=H

PQU&feature=related

Posting

Transfer the entry

Account name

What

and

where

amount Explanation amount Explanation

ledger

Debit

Journal

To From

Credit

Recording

1/1

Credit Debit Particulars Date

Bank

capital

Began Business

500000

500000

Bank

amount Particulars amount Particulars

Capital

amount Particulars amount Particulars

capital 500000

Bank 500000

Recording

5/1

Credit Debit Particulars Date

furniture

Bank

Purchase furniture

10000

10000

furniture

amount Particulars amount Particulars

Bank

amount Particulars amount Particulars

Bank 10000

furniture 10000

Exercise

3

Conclusion

Thanks a lot for all

Teaching Practice

YPVIg7http://www.youtube.com/watch?v=

pmkc&feature=related7