Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce

Commerce: Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce

The document Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce is a part of the Commerce Course DK Goel Solutions - Class 11 Accountancy.
All you need of Commerce at this link: Commerce

Page No 13.57:

Question 1:
Journalise the following transactions, post them into Ledger, balance the accounts and prepare a Trial Balance:−
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
ANSWER:
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce

Page No 13.58:
Question 2:
Following balances appeared in the books of Ram & Shyam on January 1, 2017 :−

Assets : Cash in hand ₹ 30,000; Stock ₹ 36,000; Lal Chand ₹ 7,600; Mukesh Khanna ₹ 16,200; Furniture ₹ 8,000.
Liabilities : Ghanshyam ₹ 6,000; Vinod ₹ 8,000.
Following transactions took place during Jan. 2017:−

2017

 
Jan. 2Purchased Typewriter for ₹ 7,500.
4Sold goods for Cash of the list price of ₹ 25,000 at 20% trade discount and 5% Cash discount.
6Sold goods to Gopal Seth for ₹ 10,000.
8Gopal Seth returned goods for ₹ 1,500.
12Purchased goods from Arun ₹ 12,000; and from Varun ₹ 15,000.
13Settled Arun's account in full after deducting 5% for cash discount.
14Paid cash to Ghanshyam in full settlement of his account.
16Received ₹ 7,500 from Lal Chand in full settlement of his account.
17Purchased a Scooter for office use ₹ 18,000.
20Sold goods for cash ₹ 20,000.
22Received from Gopal Seth ₹ 4,850 and discount allowed ₹ 150.
27Paid for Wages ₹ 7,000 and Salaries ₹ 3,000.
28Withdrew goods for ₹ 2,000 and Cash ₹ 1,500 for private use.
29Paid for Life Insurance Premium of the Proprietor ₹ 1,600.

Journalise the above transactions, post them into Ledger, balance them and prepare a Trial Balance.
ANSWER:
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce


Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce

Page No 13.59:
Question 3:
Prepare Journal Entries of the following postings :-
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce

ANSWER:
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce

Page No 13.59:
Question 4:
Enter the following transactions in a Double Column Cash Book and Journal Proper and post them into Ledger∶

May 1Balance of Cash in Hand ₹ 12,400; Bank Overdraft ₹ 36,000.
3Direct deposit by Mr. Ganesh in our bank account ₹ 10,000. Discount allowed ₹ 200.
5Issued a cheque of ₹ 7,700 to Mr. Suresh in full settlement of his account of ₹ 8,000.
6Received a cheque from X for ₹ 12,000. Discount allowed ₹ 500. This cheque was deposited into bank on 7th May.
8Received Cash ₹ 22,000 and cheque of ₹ 8,000 for cash sale.
12Cash sale ₹ 70,000 of which ₹ 55,000 banked.
15Cheque received on 8th May endorsed to Mr. Sunil. Discount received ₹ 150.
20Discounted a B/R of ₹ 10,000 at 1% through bank.
24Cheque received from X dishonoured, Bank debits ₹ 20 in respect of bank charges.
25Purchased goods for ₹ 50,000 at a trade discount of 10%. Payment was made in cash.
26Withdrew from bank ₹ 10,000 for office use and ₹ 2,000 for personal use.
31Interest debited by Bank ₹ 4,500.

ANSWER:
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce

Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce

Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce

The document Ledger (Part - 1) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce is a part of the Commerce Course DK Goel Solutions - Class 11 Accountancy.
All you need of Commerce at this link: Commerce

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