Ledger - 1 | Accountancy Class 11 - Commerce PDF Download

 Page 1


 
Q1. On 1st April, 2019, Mohit, Delhi started business with a capital of ? 50,000. He made the following 
transactions during the month of April: 
  
2019   ? 
April 3  Purchased goods from Rita, Delhi on credit 
for 
20,000 
April 4  Cash paid to Rita 10,000 
April 6  Goods sold to Rohit, Chandigarh 25,000 
April 8  Received cash from Rohit 20,000 
April 
12 
 Goods purchased from Rita  12,000 
April 
18 
 Cash paid to Rita 20,000 
April 
25 
 Goods sold to Rohit, Chandigarh 10,000 
April 
30 
 Received cash from Rohit 6,000 
 
You are required to journalise the above transactions and show the respective Ledger accounts. 
 
 
The solution for this question is as follows: 
 
 
 
 
 
 
 
 
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Q1. On 1st April, 2019, Mohit, Delhi started business with a capital of ? 50,000. He made the following 
transactions during the month of April: 
  
2019   ? 
April 3  Purchased goods from Rita, Delhi on credit 
for 
20,000 
April 4  Cash paid to Rita 10,000 
April 6  Goods sold to Rohit, Chandigarh 25,000 
April 8  Received cash from Rohit 20,000 
April 
12 
 Goods purchased from Rita  12,000 
April 
18 
 Cash paid to Rita 20,000 
April 
25 
 Goods sold to Rohit, Chandigarh 10,000 
April 
30 
 Received cash from Rohit 6,000 
 
You are required to journalise the above transactions and show the respective Ledger accounts. 
 
 
The solution for this question is as follows: 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 3


 
Q1. On 1st April, 2019, Mohit, Delhi started business with a capital of ? 50,000. He made the following 
transactions during the month of April: 
  
2019   ? 
April 3  Purchased goods from Rita, Delhi on credit 
for 
20,000 
April 4  Cash paid to Rita 10,000 
April 6  Goods sold to Rohit, Chandigarh 25,000 
April 8  Received cash from Rohit 20,000 
April 
12 
 Goods purchased from Rita  12,000 
April 
18 
 Cash paid to Rita 20,000 
April 
25 
 Goods sold to Rohit, Chandigarh 10,000 
April 
30 
 Received cash from Rohit 6,000 
 
You are required to journalise the above transactions and show the respective Ledger accounts. 
 
 
The solution for this question is as follows: 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
  
 
  
 
  
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Q1. On 1st April, 2019, Mohit, Delhi started business with a capital of ? 50,000. He made the following 
transactions during the month of April: 
  
2019   ? 
April 3  Purchased goods from Rita, Delhi on credit 
for 
20,000 
April 4  Cash paid to Rita 10,000 
April 6  Goods sold to Rohit, Chandigarh 25,000 
April 8  Received cash from Rohit 20,000 
April 
12 
 Goods purchased from Rita  12,000 
April 
18 
 Cash paid to Rita 20,000 
April 
25 
 Goods sold to Rohit, Chandigarh 10,000 
April 
30 
 Received cash from Rohit 6,000 
 
You are required to journalise the above transactions and show the respective Ledger accounts. 
 
 
The solution for this question is as follows: 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
  
 
  
 
  
 
 
 
  
 
 
  
 
 
 
Dr. Cr.
Amount
(?)
2019
Sales A/c 25,000 Apr.08 Cash A/c
Sales A/c 10,000 Apr.30 Cash A/c
Apr.30 Balance c/d
35,000
Balance b/d 9,000 May.01
9,000
35,000
Apr.06 20,000
Apr.25 6,000
Rohit
Date Particulars J.F. Date Particulars J.F.
Amount
(?)
2019
Dr. Cr.
Amount
(?)
2019
Balance c/d 35,000 Apr.06 Rohit
Apr.25 Rohit
35,000
May.01 Balance b/d
35,000
35,000
Apr.30 25,000
10,000
Sales Account
Date Particulars J.F. Date Particulars J.F.
Amount
(?)
2019
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Q1. On 1st April, 2019, Mohit, Delhi started business with a capital of ? 50,000. He made the following 
transactions during the month of April: 
  
2019   ? 
April 3  Purchased goods from Rita, Delhi on credit 
for 
20,000 
April 4  Cash paid to Rita 10,000 
April 6  Goods sold to Rohit, Chandigarh 25,000 
April 8  Received cash from Rohit 20,000 
April 
12 
 Goods purchased from Rita  12,000 
April 
18 
 Cash paid to Rita 20,000 
April 
25 
 Goods sold to Rohit, Chandigarh 10,000 
April 
30 
 Received cash from Rohit 6,000 
 
You are required to journalise the above transactions and show the respective Ledger accounts. 
 
 
The solution for this question is as follows: 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
  
 
  
 
  
 
 
 
  
 
 
  
 
 
 
Dr. Cr.
Amount
(?)
2019
Sales A/c 25,000 Apr.08 Cash A/c
Sales A/c 10,000 Apr.30 Cash A/c
Apr.30 Balance c/d
35,000
Balance b/d 9,000 May.01
9,000
35,000
Apr.06 20,000
Apr.25 6,000
Rohit
Date Particulars J.F. Date Particulars J.F.
Amount
(?)
2019
Dr. Cr.
Amount
(?)
2019
Balance c/d 35,000 Apr.06 Rohit
Apr.25 Rohit
35,000
May.01 Balance b/d
35,000
35,000
Apr.30 25,000
10,000
Sales Account
Date Particulars J.F. Date Particulars J.F.
Amount
(?)
2019
 
 
 Q.2 Suresh, Kanpur commenced business on 1st January, 2019 introducing capital in cash ? 1,00,000. 
His other transactions during the month were as follows: 
        
2019   ? 
Jan 1 Started business with cash 1,00,000 
Jan 2 Bought goods for cash 20,000 
Jan 3 Sold goods for cash 7,000 
Jan 15 Sold goods to Shravan, Delhi 6,000 
Jan 18 Bought goods on credit from Anurag, Kanpur 50,000 
Jan 19 Goods returned to Anurag 5,000 
Jan 20 Sold goods for cash 30,000 
Jan 22 Paid electricity bill 1,000 
Jan 28 Paid for telephone bill 500 
Jan 29 Paid rent 800 
Jan 31 Paid wages 3000 
          
Enter the above transactions in his books of account.