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Page 1
Q.9 Enter the following transactions in the Journal of M/s. Karim Bros., Prop. Shri Karim Khan, Kolkata,
post to the Ledger:
2019
?
April
1
Assets: Cash in Hand ? 20,000; Cash at Bank ? 35,000; Stock ? 15,000;
Furniture ? 4,500;
Input SGST ? 5,000; Input IGST ? 2,000
Debtors: Poonam ? 20,000; Sonu ? 10,000
Liabilities Creditors: Ashok ? 13,500; Pankaj ? 21,500
April
4
Purchased goods from Pankaj, Kolkata
5,000
April
7
Paid to Ashok by cheque in full settlement of his account*
13,000
April
10
Sold goods to Poonam, Delhi
11,000
April
12
Purchased goods from Ashok, Delhi
15,000
April
15
Sold goods to Sonu, Kanpur 6,000
April
18
Received cheque from Poonam on account* 24,500
Allowed her discount* 500
April
25
Paid for stationery
1,200
April
27
Paid telephone bill by cheque
3,500
April
30
Paid salaries* 6,000
Inter-state transactions are subject to levy of IGST @ 12% and Intra-state transactions are subject to levy
of CGST and SGST @ 6% each. GST is not levied on transactions marked with (*).
Page 2
Q.9 Enter the following transactions in the Journal of M/s. Karim Bros., Prop. Shri Karim Khan, Kolkata,
post to the Ledger:
2019
?
April
1
Assets: Cash in Hand ? 20,000; Cash at Bank ? 35,000; Stock ? 15,000;
Furniture ? 4,500;
Input SGST ? 5,000; Input IGST ? 2,000
Debtors: Poonam ? 20,000; Sonu ? 10,000
Liabilities Creditors: Ashok ? 13,500; Pankaj ? 21,500
April
4
Purchased goods from Pankaj, Kolkata
5,000
April
7
Paid to Ashok by cheque in full settlement of his account*
13,000
April
10
Sold goods to Poonam, Delhi
11,000
April
12
Purchased goods from Ashok, Delhi
15,000
April
15
Sold goods to Sonu, Kanpur 6,000
April
18
Received cheque from Poonam on account* 24,500
Allowed her discount* 500
April
25
Paid for stationery
1,200
April
27
Paid telephone bill by cheque
3,500
April
30
Paid salaries* 6,000
Inter-state transactions are subject to levy of IGST @ 12% and Intra-state transactions are subject to levy
of CGST and SGST @ 6% each. GST is not levied on transactions marked with (*).
Debit Credit
Amount Amount
(?) (?)
2019
Apr.01 Cash A/c Dr. 20,000
Bank A/c Dr. 35,000
Stock A/c Dr. 15,000
Furniture A/c Dr. 4,500
Poonam Dr. 20,000
Sonu Dr. 10,000
Input SGST Dr. 5,000
Input IGST Dr. 2,000
To Ashok 13,500
To Pankaj 21,500
To Capital A/c 76,500
(Opening entry made)
Apr.04 Purchases A/c Dr. 5,000
Input CGST A/c Dr. 300
Input SGST A/c Dr. 300
To Pankaj 5,600
(Goods purchased from Pankaj on credit plus 6% Intra State GST)
Apr.07 Ashok Dr. 13,500
To Bank A/c 13,000
To Discount Received A/c 500
(Payment made to Ashok)
Apr.10 Poonam Dr. 12,320
To Sales A/c 11,000
To Output IGST A/c 1,320
(Goods sold to Poonam on credit plus 12% inter state GST)
Apr.12 Purchases A/c Dr. 15,000
Input IGST A/c Dr. 1,800
To Ashok 16,800
(Goods purchased from Ashok on Credit plus 12% inter state GST)
Apr.15 Sonu Dr. 6,720
To Sales A/c 6,000
To Output IGST A/c 720
(Goods sold to Sonu on credit plus 12% inter state GST)
Apr.18 Bank A/c Dr. 24,500
Discount Allowed A/c Dr. 500
To Poonam 25,000
(Payment received from Poonam)
Apr.25 Stationery A/c Dr. 1,200
Input CGST A/c Dr. 72
Input SGST A/c Dr. 72
To Cash A/c 1,344
(Stationery purchased in cash plus 6% intra state GST)
Apr.27 Telephone Bill A/c Dr. 3,500
Input CGST A/c Dr. 210
Input SGST A/c Dr. 210
To Bank A/c 3,920
(Rent paid by cheque plus 6% intra state GST)
Apr.30 Salaries A/c Dr. 6,000
To Cash A/c 6,000
(Salaries paid )
L.F.
Journal
Date Particulars
Page 3
Q.9 Enter the following transactions in the Journal of M/s. Karim Bros., Prop. Shri Karim Khan, Kolkata,
post to the Ledger:
2019
?
April
1
Assets: Cash in Hand ? 20,000; Cash at Bank ? 35,000; Stock ? 15,000;
Furniture ? 4,500;
Input SGST ? 5,000; Input IGST ? 2,000
Debtors: Poonam ? 20,000; Sonu ? 10,000
Liabilities Creditors: Ashok ? 13,500; Pankaj ? 21,500
April
4
Purchased goods from Pankaj, Kolkata
5,000
April
7
Paid to Ashok by cheque in full settlement of his account*
13,000
April
10
Sold goods to Poonam, Delhi
11,000
April
12
Purchased goods from Ashok, Delhi
15,000
April
15
Sold goods to Sonu, Kanpur 6,000
April
18
Received cheque from Poonam on account* 24,500
Allowed her discount* 500
April
25
Paid for stationery
1,200
April
27
Paid telephone bill by cheque
3,500
April
30
Paid salaries* 6,000
Inter-state transactions are subject to levy of IGST @ 12% and Intra-state transactions are subject to levy
of CGST and SGST @ 6% each. GST is not levied on transactions marked with (*).
Debit Credit
Amount Amount
(?) (?)
2019
Apr.01 Cash A/c Dr. 20,000
Bank A/c Dr. 35,000
Stock A/c Dr. 15,000
Furniture A/c Dr. 4,500
Poonam Dr. 20,000
Sonu Dr. 10,000
Input SGST Dr. 5,000
Input IGST Dr. 2,000
To Ashok 13,500
To Pankaj 21,500
To Capital A/c 76,500
(Opening entry made)
Apr.04 Purchases A/c Dr. 5,000
Input CGST A/c Dr. 300
Input SGST A/c Dr. 300
To Pankaj 5,600
(Goods purchased from Pankaj on credit plus 6% Intra State GST)
Apr.07 Ashok Dr. 13,500
To Bank A/c 13,000
To Discount Received A/c 500
(Payment made to Ashok)
Apr.10 Poonam Dr. 12,320
To Sales A/c 11,000
To Output IGST A/c 1,320
(Goods sold to Poonam on credit plus 12% inter state GST)
Apr.12 Purchases A/c Dr. 15,000
Input IGST A/c Dr. 1,800
To Ashok 16,800
(Goods purchased from Ashok on Credit plus 12% inter state GST)
Apr.15 Sonu Dr. 6,720
To Sales A/c 6,000
To Output IGST A/c 720
(Goods sold to Sonu on credit plus 12% inter state GST)
Apr.18 Bank A/c Dr. 24,500
Discount Allowed A/c Dr. 500
To Poonam 25,000
(Payment received from Poonam)
Apr.25 Stationery A/c Dr. 1,200
Input CGST A/c Dr. 72
Input SGST A/c Dr. 72
To Cash A/c 1,344
(Stationery purchased in cash plus 6% intra state GST)
Apr.27 Telephone Bill A/c Dr. 3,500
Input CGST A/c Dr. 210
Input SGST A/c Dr. 210
To Bank A/c 3,920
(Rent paid by cheque plus 6% intra state GST)
Apr.30 Salaries A/c Dr. 6,000
To Cash A/c 6,000
(Salaries paid )
L.F.
Journal
Date Particulars
Page 4
Q.9 Enter the following transactions in the Journal of M/s. Karim Bros., Prop. Shri Karim Khan, Kolkata,
post to the Ledger:
2019
?
April
1
Assets: Cash in Hand ? 20,000; Cash at Bank ? 35,000; Stock ? 15,000;
Furniture ? 4,500;
Input SGST ? 5,000; Input IGST ? 2,000
Debtors: Poonam ? 20,000; Sonu ? 10,000
Liabilities Creditors: Ashok ? 13,500; Pankaj ? 21,500
April
4
Purchased goods from Pankaj, Kolkata
5,000
April
7
Paid to Ashok by cheque in full settlement of his account*
13,000
April
10
Sold goods to Poonam, Delhi
11,000
April
12
Purchased goods from Ashok, Delhi
15,000
April
15
Sold goods to Sonu, Kanpur 6,000
April
18
Received cheque from Poonam on account* 24,500
Allowed her discount* 500
April
25
Paid for stationery
1,200
April
27
Paid telephone bill by cheque
3,500
April
30
Paid salaries* 6,000
Inter-state transactions are subject to levy of IGST @ 12% and Intra-state transactions are subject to levy
of CGST and SGST @ 6% each. GST is not levied on transactions marked with (*).
Debit Credit
Amount Amount
(?) (?)
2019
Apr.01 Cash A/c Dr. 20,000
Bank A/c Dr. 35,000
Stock A/c Dr. 15,000
Furniture A/c Dr. 4,500
Poonam Dr. 20,000
Sonu Dr. 10,000
Input SGST Dr. 5,000
Input IGST Dr. 2,000
To Ashok 13,500
To Pankaj 21,500
To Capital A/c 76,500
(Opening entry made)
Apr.04 Purchases A/c Dr. 5,000
Input CGST A/c Dr. 300
Input SGST A/c Dr. 300
To Pankaj 5,600
(Goods purchased from Pankaj on credit plus 6% Intra State GST)
Apr.07 Ashok Dr. 13,500
To Bank A/c 13,000
To Discount Received A/c 500
(Payment made to Ashok)
Apr.10 Poonam Dr. 12,320
To Sales A/c 11,000
To Output IGST A/c 1,320
(Goods sold to Poonam on credit plus 12% inter state GST)
Apr.12 Purchases A/c Dr. 15,000
Input IGST A/c Dr. 1,800
To Ashok 16,800
(Goods purchased from Ashok on Credit plus 12% inter state GST)
Apr.15 Sonu Dr. 6,720
To Sales A/c 6,000
To Output IGST A/c 720
(Goods sold to Sonu on credit plus 12% inter state GST)
Apr.18 Bank A/c Dr. 24,500
Discount Allowed A/c Dr. 500
To Poonam 25,000
(Payment received from Poonam)
Apr.25 Stationery A/c Dr. 1,200
Input CGST A/c Dr. 72
Input SGST A/c Dr. 72
To Cash A/c 1,344
(Stationery purchased in cash plus 6% intra state GST)
Apr.27 Telephone Bill A/c Dr. 3,500
Input CGST A/c Dr. 210
Input SGST A/c Dr. 210
To Bank A/c 3,920
(Rent paid by cheque plus 6% intra state GST)
Apr.30 Salaries A/c Dr. 6,000
To Cash A/c 6,000
(Salaries paid )
L.F.
Journal
Date Particulars
Page 5
Q.9 Enter the following transactions in the Journal of M/s. Karim Bros., Prop. Shri Karim Khan, Kolkata,
post to the Ledger:
2019
?
April
1
Assets: Cash in Hand ? 20,000; Cash at Bank ? 35,000; Stock ? 15,000;
Furniture ? 4,500;
Input SGST ? 5,000; Input IGST ? 2,000
Debtors: Poonam ? 20,000; Sonu ? 10,000
Liabilities Creditors: Ashok ? 13,500; Pankaj ? 21,500
April
4
Purchased goods from Pankaj, Kolkata
5,000
April
7
Paid to Ashok by cheque in full settlement of his account*
13,000
April
10
Sold goods to Poonam, Delhi
11,000
April
12
Purchased goods from Ashok, Delhi
15,000
April
15
Sold goods to Sonu, Kanpur 6,000
April
18
Received cheque from Poonam on account* 24,500
Allowed her discount* 500
April
25
Paid for stationery
1,200
April
27
Paid telephone bill by cheque
3,500
April
30
Paid salaries* 6,000
Inter-state transactions are subject to levy of IGST @ 12% and Intra-state transactions are subject to levy
of CGST and SGST @ 6% each. GST is not levied on transactions marked with (*).
Debit Credit
Amount Amount
(?) (?)
2019
Apr.01 Cash A/c Dr. 20,000
Bank A/c Dr. 35,000
Stock A/c Dr. 15,000
Furniture A/c Dr. 4,500
Poonam Dr. 20,000
Sonu Dr. 10,000
Input SGST Dr. 5,000
Input IGST Dr. 2,000
To Ashok 13,500
To Pankaj 21,500
To Capital A/c 76,500
(Opening entry made)
Apr.04 Purchases A/c Dr. 5,000
Input CGST A/c Dr. 300
Input SGST A/c Dr. 300
To Pankaj 5,600
(Goods purchased from Pankaj on credit plus 6% Intra State GST)
Apr.07 Ashok Dr. 13,500
To Bank A/c 13,000
To Discount Received A/c 500
(Payment made to Ashok)
Apr.10 Poonam Dr. 12,320
To Sales A/c 11,000
To Output IGST A/c 1,320
(Goods sold to Poonam on credit plus 12% inter state GST)
Apr.12 Purchases A/c Dr. 15,000
Input IGST A/c Dr. 1,800
To Ashok 16,800
(Goods purchased from Ashok on Credit plus 12% inter state GST)
Apr.15 Sonu Dr. 6,720
To Sales A/c 6,000
To Output IGST A/c 720
(Goods sold to Sonu on credit plus 12% inter state GST)
Apr.18 Bank A/c Dr. 24,500
Discount Allowed A/c Dr. 500
To Poonam 25,000
(Payment received from Poonam)
Apr.25 Stationery A/c Dr. 1,200
Input CGST A/c Dr. 72
Input SGST A/c Dr. 72
To Cash A/c 1,344
(Stationery purchased in cash plus 6% intra state GST)
Apr.27 Telephone Bill A/c Dr. 3,500
Input CGST A/c Dr. 210
Input SGST A/c Dr. 210
To Bank A/c 3,920
(Rent paid by cheque plus 6% intra state GST)
Apr.30 Salaries A/c Dr. 6,000
To Cash A/c 6,000
(Salaries paid )
L.F.
Journal
Date Particulars
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FAQs on Ledger - 3 - Accountancy Class 11 - Commerce
| 1. What is the significance of ledger in commerce? |  |
Ans. A ledger is a crucial accounting tool used to record and organize financial transactions systematically. It provides a comprehensive overview of a business's financial activities, helping in tracking income, expenses, assets, and liabilities. By maintaining accurate ledgers, businesses can ensure financial transparency, facilitate audits, and make informed financial decisions.
| 2. How do different types of ledgers function in accounting? | |
Ans. In accounting, there are several types of ledgers, including the general ledger, sales ledger, purchase ledger, and cash ledger. The general ledger serves as the main record of all financial transactions, while the sales ledger tracks credit sales and customer accounts. The purchase ledger records supplier transactions, and the cash ledger focuses on cash transactions. Each type of ledger plays a specific role in maintaining accurate financial records.
| 3. What are the steps involved in maintaining a ledger? | |
Ans. Maintaining a ledger involves several steps: first, identifying and categorizing transactions; second, recording each transaction in the appropriate ledger; third, balancing the ledgers regularly to ensure accuracy; and fourth, reconciling the ledger balances with bank statements or other financial records. This systematic approach helps in minimizing errors and maintaining reliable financial documentation.
| 4. What is the difference between a manual ledger and an electronic ledger? | |
Ans. A manual ledger is a physical book where transactions are recorded by hand, while an electronic ledger uses accounting software to automate the recording and management of financial data. Electronic ledgers offer advantages such as faster data processing, easier access and retrieval of information, and enhanced accuracy through automated calculations, compared to the time-consuming nature of manual ledgers.
| 5. Why is it important for businesses to regularly update their ledgers? | |
Ans. Regularly updating ledgers is vital for businesses to maintain accurate financial records. It ensures that all transactions are recorded in real-time, which helps in tracking financial performance, identifying discrepancies, and preparing for audits. Timely updates also aid in decision-making by providing up-to-date financial information, allowing businesses to respond quickly to changes in their financial situation.
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Sep 30, 2025
Last updated
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