Magento - set a cron job in cPanel

Cron job is very handy to do periodic tasks. Magento comes with a very good logic of cron job. Modules of Magento can scheduled different jobs on different times. It is very simple, too.
There is a master cron which handles all the cron models of Magento. It is cron.php.
It can be run from command line which is more better than GET command. 
Magento's cron job is recommend to be run every 5 minutes (5/* * * * *).

Below is a statement which should be settled to run Magento's cron jobs.