Lesson Notes By Weeks and Term - Senior Secondary 1

Double entry principle II

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  4. Double entry principle II

Term: 1st Term

Week: 5

Class: Senior Secondary School 1

Age: 15 years

Duration: 40 minutes of 2 periods each

Date:       

Subject:      Financial accounting

Topic:-       Double entry principle II

SPECIFIC OBJECTIVES: At the end of the lesson, pupils should be able to

  1. Discuss how to post from cash book to ledger
  2. Outline the rules to be observed when posting from cash book to ledger

INSTRUCTIONAL TECHNIQUES: Identification, explanation, questions and answers, demonstration, videos from source

INSTRUCTIONAL MATERIALS: Videos, loud speaker, textbook, pictures

INSTRUCTIONAL PROCEDURES

PERIOD 1-2

PRESENTATION

TEACHER’S ACTIVITY

STUDENT’S ACTIVITY

STEP 1

INTRODUCTION

The teacher reviews the previous lesson on books of double entry principle

Students pay attention

STEP 2

EXPLANATION

She discusses how to post from cash book to ledger

 

Students pay attention and participates

STEP 3

DEMONSTRATION

She outlines the rules to be observed when posting from cash book to ledger

Students pay attention and participate

STEP 4

NOTE TAKING

The teacher writes a summarized note on the board

The students copy the note in their books

 

NOTE

POSTING OF TRANSACTIONS FROM CASH BOOK TO LEDGER

POSTING TO THE LEDGERS.

Posting is the act of using one book as a means for entering the items to

other accounts so as to complete double entry. When applying the principle

of double entry, students are advised to write up the cash book first and

then transfer to the ledgers.

Rules to be followed

  1. All items on the debit side of the cash book must be transferred to

the credit side of individual ledgers.

  1. All items on the credit side of the cash book must be posted to the

debit side of individual ledgers

 

Illustration:

Enter the following in a two column cash book. Balance off at the end of the

month and post to all necessary ledgers.

June 1: Started business with cash N3,200

June 2: The following paid us by cheque, Okon N500 : Abbey N600

June 3: Cash sales paid directly into the bank N400

June 5: Paid rent by cash N180

June 6: We paid the following account by cheque; Sope N520 : Ladi N300

June 7: Withdrew cash from the bank for business use N70

June 8: Commission received by cheque N450

June 10: Banked cash N150

June 12: Withdrew cash from bank for personal use N30

June 15: Paid wages by cash N250

June 16: Bought motor van by cheque N20

June 18: Cash sales N1,000

June 20: Bought stationery paying by cash N170

June 22: Received N200 cheque from Okete

June 23: Cash purchases N550

June 24: Cash drawings N120

June 25: Bought goods by cheque N115

June 27: Yinka lend us N1,020 cash.

June 28: Paid motor expenses by cheque N18

June 30: The proprietor put further cash N1,320 into the business as

capital.

 

EVALUATION:    1. Construct a table, showing the accounts to           

                             be debited and those to be credited from these transactions

  1. Bought furniture by cheque
  2. Paid wages by cash
  3. Cash sales
  4. Cash purchases
  5. Started business with money in bank
  6. The owner took cash for his personal use
  7. Sold goods on credit to Mr. Richard
  8. Bought fixtures on credit from Usman
  9. Bought machinery by cheque
  10. Received loan by cash from Mr. Phillip

CLASSWORK: As in evaluation

CONCLUSION: The teacher commends the students positively