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:−
ANSWER:
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. 2 | Purchased Typewriter for ₹ 7,500. |
| 4 | Sold goods for Cash of the list price of ₹ 25,000 at 20% trade discount and 5% Cash discount. |
| 6 | Sold goods to Gopal Seth for ₹ 10,000. |
| 8 | Gopal Seth returned goods for ₹ 1,500. |
| 12 | Purchased goods from Arun ₹ 12,000; and from Varun ₹ 15,000. |
| 13 | Settled Arun's account in full after deducting 5% for cash discount. |
| 14 | Paid cash to Ghanshyam in full settlement of his account. |
| 16 | Received ₹ 7,500 from Lal Chand in full settlement of his account. |
| 17 | Purchased a Scooter for office use ₹ 18,000. |
| 20 | Sold goods for cash ₹ 20,000. |
| 22 | Received from Gopal Seth ₹ 4,850 and discount allowed ₹ 150. |
| 27 | Paid for Wages ₹ 7,000 and Salaries ₹ 3,000. |
| 28 | Withdrew goods for ₹ 2,000 and Cash ₹ 1,500 for private use. |
| 29 | Paid 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:
Page No 13.59:
Question 3:
Prepare Journal Entries of the following postings :-
ANSWER:
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 1 | Balance of Cash in Hand ₹ 12,400; Bank Overdraft ₹ 36,000. |
| 3 | Direct deposit by Mr. Ganesh in our bank account ₹ 10,000. Discount allowed ₹ 200. |
| 5 | Issued a cheque of ₹ 7,700 to Mr. Suresh in full settlement of his account of ₹ 8,000. |
| 6 | Received a cheque from X for ₹ 12,000. Discount allowed ₹ 500. This cheque was deposited into bank on 7th May. |
| 8 | Received Cash ₹ 22,000 and cheque of ₹ 8,000 for cash sale. |
| 12 | Cash sale ₹ 70,000 of which ₹ 55,000 banked. |
| 15 | Cheque received on 8th May endorsed to Mr. Sunil. Discount received ₹ 150. |
| 20 | Discounted a B/R of ₹ 10,000 at 1% through bank. |
| 24 | Cheque received from X dishonoured, Bank debits ₹ 20 in respect of bank charges. |
| 25 | Purchased goods for ₹ 50,000 at a trade discount of 10%. Payment was made in cash. |
| 26 | Withdrew from bank ₹ 10,000 for office use and ₹ 2,000 for personal use. |
| 31 | Interest debited by Bank ₹ 4,500. |
ANSWER:
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.
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