CPT Chapter Accounting Process from Journal to Cash Book

CA CPT chapter “Accounting Process” makes simple the Double Entry System. It deals with the process of accounting from Journal to Trial Balance and includes preparation of Subsidiary Books and Cash Book.

CA CPT Exam  

With Sheela Warrier.Duration:6hrs 40min 

Accounting Process - Journal to Cash BookDuration (min:sec)
Introduction to Double Entry System 
Accounting Process Introduction04:11
Accounting Process Introduction Overview of Accounting Process05:14
Double Entry01:22
Accounting Equations07:40
Accounting Equations-Example09:34
Rule - Debit & Credit05:51
How to Journalise04:39
How to Journalise-Example11:56
Goods Account05:59
Traditional Approach12:22
Golden Rule of Accounting03:02
Example of Traditional approach07:51
Nature of Accounts09:23
Journal Introduction04:03
Formats of Journal03:54
Example Journal Entry28:19
Special Transactions- Bad Debt & Recovery of bad debts09:22
Special Transactions- Outstanding ,Prepaid09:43
Special Transactions- Goods distributed as sample, wages06:34
Special Transactions- Misc. Items07:07
Recap Journal04:13
Ledger Introduction03:59
Ledger Format04:39
Example Ledger28:57
Debit vs. Credit Balance01:32
Trial Balance 
What is Trial Balance10:16
Methods of Preparing TB01:46
Example -Preparation of TB13:18
Limitation of TB03:48
TB-Suspense & Closing Stock07:31
Subsidiary Book 
Introduction to Subsidiary Book03:52
Types of Subsidiary Accounts05:20
Advantages of Subsidiary Books02:05
Purchase day Book04:36
Example-Purchase day Book09:20
Sales Day Book06:26
Purchase & Sales Return Day Book04:16
Bills Receivable & BP Book01:29
Journal Proper06:36
Where to record01:55
Cash Book & Petty Cash Book 
Cash Book05:28
Formats of Cash Book08:35
Examples of Cash Book05:48
Posting from Cash Book08:19
Petty Cash book05:12
Examples of Petty Cash Book03:13
Sale through Debit & Credit Card01:19
Final Quiz14:24
Additional Questions7:36


Few of Things covered by us :

Overview of Accounting Process
Debit & Credit
Trial Balance
Subsidiary Books
Cash Book

Accounting Equation

Dual Aspect Concept
Assets = Liabilities
Assets = Liabilities + Capital
Assets - Liabilities = Capital
Assets - Liabilities = Capital + (Income - Expenses)
Assets and Expenses
Liabilities and Income

Rules of Debit and Credit

Increase in Assets are Debits
Decrease in Assets are Credits
Increase in Liabilities are Credits
Decrease in Liabilities are Debits
Increase in Expenses are Debits
Increase in Incomes are Credits

Goods Account ?

Goods purchased
Goods sold
Goods purchased and then returned
Goods sold and later returned

Traditional approach

Personal Accounts
Capital a/c, Drawings a/c, Bank a/c, Creditors, Debtors, Bills Payable, Bills Receivable

Real Accounts
Cash, Land & Building, Furniture, Car, Machinery

Nominal Accounts
Purchases, Sales, Rent, Salaries, Discount received & allowed, Interest income & expense

Traditional approach- Rules for Journalising

Personal Accounts: Debit the Receiver
: Credit the Giver
Real Accounts : Debit what comes in
: Credit what goes out
Nominal Accounts : Debit all Expenses and Losses
: Credit all Incomes and Gains


Journal is a Book of Original Entry
Chronological order
Dr Cr

Some Special Accounts

Outstanding expense
Prepaid expense
Income earned but not received
Income received in advance


Entire set of Accounts
Principal Book of Accounts
Two sides
Date, Particulars, JF, Amount

Trial Balance

What is a Trial Balance ?
When is it prepared ?
Why is it prepared ?
How is a Trial Balance prepared ?
Suspense account
Limitations of a Trial Balance

Trial Balance

Third phase of accounting process
A Statement
All ledger account balances
As on a date
Double entry
Arithmetical accuracy
Can be prepared anytime

Objectives of a Trial Balance

Arithmetical accuracy of books
Summary of all balances
Basis for preparation of final accounts

Methods of preparing a Trial Balance

Balance Method
Total Method
Total and Balance Method

CPT Exam Exposure

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