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<mm>[[Book_keeping.mm|Flash]]</mm>
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[[File:Book_keeping.mm|Flash]]
    
= Textbook =
 
= Textbook =
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[https://en.wikipedia.org/wiki/Double-entry_bookkeeping_system Wikipedia page on double entry book keeping] gives a detailed explanation for this method. It includes solved examples of recording transactions using double entry method and preparation of the financial statements.
 
[https://en.wikipedia.org/wiki/Double-entry_bookkeeping_system Wikipedia page on double entry book keeping] gives a detailed explanation for this method. It includes solved examples of recording transactions using double entry method and preparation of the financial statements.
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http://www.samarak.com/bookkeeping-center/bookkeeping-dictionary.html  has a brief explanation for terms used in book keeping.  
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http://www.samarak.com/bookkeeping-center/bookkeeping-dictionary.html  has a brief explanation for terms used in book keeping.
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[[http://www.du.ac.in/fileadmin/DU/Academics/course_material/EP_11.pdf site provides a simple explanation of the process of double entry book keeping]
    
==Reference Books==
 
==Reference Books==
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How do large organisations with thousands of transactions manage to maintain books of accounts?
 
How do large organisations with thousands of transactions manage to maintain books of accounts?
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===Activity No # ===
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===Activity No # 2 - Book keeping using software application===
 
{| style="height:10px; float:right; align:center;"
 
{| style="height:10px; float:right; align:center;"
 
|<div style="width:150px;border:none; border-radius:10px;box-shadow: 5px 5px 5px #888888; background:#f5f5f5; vertical-align:top; text-align:center; padding:5px;">
 
|<div style="width:150px;border:none; border-radius:10px;box-shadow: 5px 5px 5px #888888; background:#f5f5f5; vertical-align:top; text-align:center; padding:5px;">
 
''[http://www.karnatakaeducation.org.in/?q=node/305 Click to Comment]''</div>
 
''[http://www.karnatakaeducation.org.in/?q=node/305 Click to Comment]''</div>
 
|}
 
|}
*Estimated Time
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In the Ubuntu public software system, we can freely download simple financial accounting software such as gnucash. Students can follow the [http://www.gnucash.org/docs/v2.4/C/gnucash-guide/ tutorials on gnucash] and learn the basics of book keeping. Of course, learning a software application does not replace learning the concepts, but rather allows practice in book keeping.
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*Estimated Time  
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Difficult to estimate
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*Materials/ Resources needed
 
*Materials/ Resources needed
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Computer with Internet for downloading gnucash. Once downloaded and installed, gnucash can be used/learnt without needing Internet.
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*Prerequisites/Instructions, if any
 
*Prerequisites/Instructions, if any
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Available in the user guides
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*Multimedia resources
 
*Multimedia resources
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There are several videos on gnucash such as
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{{#widget:YouTube|id=aqAaScYVeRQ}}
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*Relevant local connections - people, places and materials
 
*Relevant local connections - people, places and materials
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*Website interactives/ links
 
*Website interactives/ links
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https://en.wikipedia.org/wiki/Gnucash
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*Process
 
*Process
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*What questions can you ask  
 
*What questions can you ask  
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How is using a computerised accounting application different from manual process of recording
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*Assessments - incorporating elements of CCE
 
*Assessments - incorporating elements of CCE
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*Question Corner
 
*Question Corner
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==Key Idea #==
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==Key Idea # 2 - Book keeping is the keeping of (many) books==
 
What are the key ideas to be covered
 
What are the key ideas to be covered
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Double entry Book keeping uses many 'books of accounts' to record transactions
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The simplest form of book would be the Journal, in which every transaction is recorded. The accounts that are affected are entered, and the amounts - debit for some and credit for others are written with a brief explanation called 'narration'.
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However,over a period of time, transactions were 'categorised' and for those which occurred often, special books were created, one per category, such as
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# Purchases of goods (purchase day book)
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# Sales of goods (sales day book)
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# Purchase returns of goods (purchase returns day book)
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# Sales returns of goods (sales returns day book)
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# Cash and Bank Book (for cash and bank transactions)
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# Journal
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# Purchases Ledger
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# Sales Ledger
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# General Ledger
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When books are manually written (by pen on paper), there is a big advantage in splitting the books since different sections in the accounts department can write their own book - sales section can write sales book and sales returns book etc.
    
===Learning objectives===
 
===Learning objectives===
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Understand the different books of accounts and their purposes
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===Notes for teachers===
 
===Notes for teachers===
===Activity No # ===
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Nowadays mostly books of accounts are maintained in computerised systems. In this case, the transaction information is entered and stored in 'transaction tables'. Both the Journals as well as the ledgers can be simple reports from this database, so the splitting into different books etc is no more important.
{| style="height:10px; float:right; align:center;"
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|<div style="width:150px;border:none; border-radius:10px;box-shadow: 5px 5px 5px #888888; background:#f5f5f5; vertical-align:top; text-align:center; padding:5px;">
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However even in computerised systems, different transaction types will have different input screens since the data being input will differ.
''[http://www.karnatakaeducation.org.in/?q=node/305 Click to Comment]''</div>
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|}
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*Estimated Time
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*Materials/ Resources needed
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*Prerequisites/Instructions, if any
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*Multimedia resources
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*Relevant local connections - people, places and materials
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*Website interactives/ links
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*Process
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*What questions can you ask
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*Assessments - incorporating elements of CCE
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*Question Corner
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===Activity No # ===
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===Activity No # 1 Study different books formats ===
 
{| style="height:10px; float:right; align:center;"
 
{| style="height:10px; float:right; align:center;"
 
|<div style="width:150px;border:none; border-radius:10px;box-shadow: 5px 5px 5px #888888; background:#f5f5f5; vertical-align:top; text-align:center; padding:5px;">
 
|<div style="width:150px;border:none; border-radius:10px;box-shadow: 5px 5px 5px #888888; background:#f5f5f5; vertical-align:top; text-align:center; padding:5px;">
 
''[http://www.karnatakaeducation.org.in/?q=node/305 Click to Comment]''</div>
 
''[http://www.karnatakaeducation.org.in/?q=node/305 Click to Comment]''</div>
 
|}
 
|}
*Estimated Time
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Each book of account has its special / unique format. The differences in these formats and their reasons can be discussed.
*Materials/ Resources needed
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[https://en.wikipedia.org/wiki/Double-entry_bookkeeping_system Wikipedia page on double entry book keeping] has the formats of different books
*Prerequisites/Instructions, if any
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*Multimedia resources
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*Relevant local connections - people, places and materials
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*Website interactives/ links
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*Process
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*What questions can you ask
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*Assessments - incorporating elements of CCE
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*Question Corner
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==Key Idea #==
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*Estimated Time - two periods
What are the key ideas to be covered
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===Learning objectives===
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*Materials/ Resources needed
===Notes for teachers===
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- Formats of the different books of accounts
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===Activity No # ===
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{| style="height:10px; float:right; align:center;"
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|<div style="width:150px;border:none; border-radius:10px;box-shadow: 5px 5px 5px #888888; background:#f5f5f5; vertical-align:top; text-align:center; padding:5px;">
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''[http://www.karnatakaeducation.org.in/?q=node/305 Click to Comment]''</div>
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|}
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*Estimated Time
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*Materials/ Resources needed
   
*Prerequisites/Instructions, if any
 
*Prerequisites/Instructions, if any
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*Multimedia resources
 
*Multimedia resources
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*Relevant local connections - people, places and materials
 
*Relevant local connections - people, places and materials
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*Website interactives/ links
 
*Website interactives/ links
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*Process
 
*Process
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Analyse the formats of the different books and discuss why they are different?
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*What questions can you ask  
 
*What questions can you ask  
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A cash book is said to be both a Journal and a Ledger. Why?
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*Assessments - incorporating elements of CCE
 
*Assessments - incorporating elements of CCE
*Question Corner
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===Activity No # ===
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{| style="height:10px; float:right; align:center;"
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|<div style="width:150px;border:none; border-radius:10px;box-shadow: 5px 5px 5px #888888; background:#f5f5f5; vertical-align:top; text-align:center; padding:5px;">
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''[http://www.karnatakaeducation.org.in/?q=node/305 Click to Comment]''</div>
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|}
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*Estimated Time
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*Materials/ Resources needed
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*Prerequisites/Instructions, if any
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*Multimedia resources
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*Relevant local connections - people, places and materials
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*Website interactives/ links
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*Process
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*What questions can you ask
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*Assessments - incorporating elements of CCE
   
*Question Corner
 
*Question Corner
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Are there books other than the books of accounts discussed, which a business / entity needs to maintain? Such as staff records (staff information), fixed assets information, inventory information etc?
    
= Project Ideas =
 
= Project Ideas =
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