Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce

Commerce: Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce

The document Ledger (Part - 3) 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 13.62:
Question 10:
Enter the following transactions in subsidiary books, post them into Ledger and prepare a Trial Balance:
The following balances existed in Sunil Bros. books on April 1, 2017:
Assets : Cash in hand ₹ 27,500; Bank Balance ₹ 40,000;
Debtors : Ashok ₹ 18,000, Bahadur ₹ 25,000, Charu ₹ 30,000; Stock ₹ 1,60,000 and Furniture ₹ 40,000.
Liabilities : Creditors : Dinesh ₹ 20,000 and Ekta ₹ 15,000.

2017  
April 1 Cash Sales ₹ 18,000.
2 Deposited into Bank ₹ 20,000.
3 Purchased from Dinesh :
  
300 metres Cotton @ ₹ 60 per metre
  
200 metres Silk @ ₹ 100 per metre
5 Cheque issued to Dinesh for ₹ 25,000.
6 Accepted a bill at one month for ₹ 15,000 drawn by Dinesh.
8 Sold to Ashok :
  
400 metres Cotton @ ₹ 80 per metre
  
250 metres Silk @ ₹ 140 per metre
10 Returned by Ashok 50 metres Silk.
12 Received Cash ₹ 8,000 and a Cheque for ₹ 40,000 from Ashok. Cheque was immediately sent to Bank.
13 Received a B/R from Bahadur for ₹ 20,000 at one month.
15 Accepted a bill at two months drawn by Ekta for the amount due to her.
16 Purchased a Computer for office use from Shiva Ltd. for ₹ 45,000 on Credit.
18 Cash purchases ₹ 10,000.
19 Received full payment from Charu by cheque, sent it to Bank. Discount allowed 2%.
20 Issued a cheque to Dinesh in full payment of his account after deducting 1% discount.
22 Settled the account of Shiva Ltd. by a cheque.
24 Proprietor took away goods worth ₹ 5,000 and Cash ₹ 6,000.
25 Purchased from Ganesh 200 metres Cotton @ ₹ 70 per metre subject to trade discount of 5%.
27 Paid Rent ₹ 3,000 and Salaries ₹ 8,000.
30 Interest allowed by bank ₹ 600.

ANSWER:
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce

Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce

Page No 13.63:
Question 11:
Record the following transactions of M/s Mahipal Bros. in Proper Subsidiary Books, post them into the Ledger and take out a Trial Balance:

2017  
Jan. 1 Commenced business with Cash ₹ 2,00,000.
2 Deposited into U.T.I Bank ₹ 1,75,000.
4 Purchased goods from Dilip for ₹ 40,000. Trade Discount 20%.
6 Gave a cheque to Dilip for ₹ 16,800 and discount allowed by him ₹ 200.
8 Goods bought from Nilesh for Cash ₹ 14,000.
10 Accepted a bill at 2 months for ₹ 15,000 drawn by Dilip.
11 Bought goods from Suresh ₹ 75,000.
13 Paid to Suresh a Cheque for ₹ 58,800 after receiving discount of 2%.
15 Cash sales made to Jyoti Parshad ₹ 8,000.
16 Sold goods to Mohinder for ₹ 20,000.
17 Goods returned by Mohinder for ₹ 1,500.
18 Received from Mohinder ₹ 7,900 after allowing a discount of 1.25%.
20 Goods sold to Banerjee ₹ 50,000.
21 Deposited into Bank ₹ 20,000.
25 Goods taken for personal use ₹ 2,000.
25 Purchased furniture ₹ 40,000 and Typewriter ₹ 10,000 for office use.
  Payment for both the items is made by Cheque.
25 Sold goods to Anubhav ₹ 30,000.
27 Goods returned by Anubhav ₹ 5,000.
27 Received full payment from Banerjee by Cheque, sent it to Bank, Discount allowed 2%.
28 Acceptance received from Anubhav at 30 days for the amount due from him.
28 Paid for stationery ₹ 400 and for Postage ₹ 200.
31 Rent of proprietor's house paid by Cheque ₹ 2,500.

ANSWER:
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce

Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce

Page No 13.63:
Question 12:
Enter the following transactions in proper Subsidiary Books, post them into Ledger Accounts, balance the accounts and prepare a Trial Balance:

2017  
Jan. 1Assets :Cash in hand ₹ 20,000; Debtors : Sri Gopal ₹ 15,000, Poonam & Co. ₹ 30,000; Stock ₹ 1,75,000, Machinery ₹ 1,20,000; Furniture ₹ 40,000.
 Liabilities:Bank Overdraft ₹ 33,000; Creditors : Niranjan Lal ₹ 24,000, Bombay Trading Co. ₹ 16,000.
Jan. 2 Purchased from Manohar Lal & Sons goods of the list price of ₹ 20,000 at 10% trade discount.
5 Returned to Manohar Lal & sons goods of the list price of ₹ 2,000.
10 Issued a Cheque to Manohar Lal & Sons in full settlement of their account.
12 Sold to Sri Gopal, goods worth ₹ 25,000.
15 Received Cash ₹ 10,000 and a Cheque for ₹ 8,000 from Sir Gopal. The Cheque was immediately sent to bank.
16 Withdrew for personal use : Cash ₹ 5,000 and goods ₹ 3,000.
17 Accepted a bill for 45 days drawn by Niranjan Lal for the amount due to him.
18 Acceptance received from Poonam & Co. for the amount due from them payable after 30 days.
19 Sold to Raghubir Brothers, goods valued ₹ 16,000.
20 Cash purchases ₹ 15,000.
22 Withdrew from bank fo office use ₹ 10,000.
23 Purchased from Bombay Trading Co., goods valued ₹ 24,000.
24 Sri Gopal returned goods worth ₹ 2,000.
25 Received from Raghubir Brothers ₹ 10,000.
27 Accepted a bill for ₹ 25,000 for 1 month drawn by Bombay Trading Co.
27 Paid Rent by Cheque ₹ 2,800.
  Received Commission in Cash ₹ 800.
31 Paid salaries ₹ 5,000.

ANSWER:
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce

Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce

Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - CommerceLedger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - CommerceLedger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 3) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Note: Answer of Journal proper as per solution (Rs 6,51,600) is different from answer provided by the book (Rs 4,82,000)

The document Ledger (Part - 3) 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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