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NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce PDF Download

Question 7: Prepare double column cash book from the following information for July 2017 :
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

 Answer: NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

Question 8: Enter the following transaction in a double column cash book of M/s Mohit Traders for January 2017:
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

 Answer: 
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

Question 9: Prepare double column cash book from the following transactions for the year August 2017:
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

Answer:
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NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce


Question 10:  M/s Ruchi trader started their cash book with the following balances on Dec. 01 2005 : cash in hand Rs 1,354 and balance in bank current account Rs 7,560. He had the following transaction in the month of July, 2017
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

Prepare bank column cash book
Answer:
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce


Question 11: Prepare petty cash book from the following transactions. The imprest amount is Rs 2,000.
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

Answer:NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce


Question 12: Record the following transactions during the week ending January. 30, 2017  with a weekly imprest Rs 500
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

Answer:
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

Question 13: Enter the following transactions in the Purchase Journal (Book) of M/s Gupta Traders of  July 2005:
 01 Bought from Rahul Traders as per invoice no. 20041
   40 Registers @ Rs 60 each
   80 Gel Pens @ Rs 15 each
   50 note books @ Rs 20 each
   Trade discount 10%.
 15 Bought from Global Stationers as per invoice no. 1132
   40 Ink Pads @ Rs 8 each
   50 Files @ Rs 10 each
   20 Color Books @ Rs 20 each
   Trade Discount 5%
 23 Purchased from Lamba Furniture as per invoice no. 3201
    2 Chairs @ 600 per chair
    1 Table @ 1,000 per table
 25 Bought from Mumbai Traders as per invoice no. 1111
    10 Paper Rim @ Rs 100 per rim
    400 drawing Sheets @ Rs 3 each
    20 Packet water colour @ Rs 40 per packet

Answer:
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

Note: Furniture purchased from Lamba Traders will not be recorded in the Purchases Book as furniture is not to be considered as goods for the M/s Gupta Trader. This is  because as per the transactions M/s. Gupta traders deals in stationery and not in furniture.

Note: Slight change in the Performa of subsidiary book is done. Here 'Details' column has been added in Purchase Book.

Question 14: Enter the following transactions in sales (journal) book of M/s. Bansal electronics:
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce
 Answer:
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

Question 15: Prepare a purchases return (journal) book from the following transactions for April 2017 
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

Answer:
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

Question 16: Prepare Return Inward Journal (Book) from the following transactions of M/s Bansal Electronics for July 2017:
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

Answer:
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

Question 17: Prepare proper subsidiary books and post them to the ledger from the following transactions for the month of February 2017:
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce
Answer:

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

Question 18: The following balances of ledger of M/s Marble Traders on April 01, 2017
 NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

Journalise the above transactions and post them to the ledger.
Answer:
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce
NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce

The document NCERT Solution (Part - 2) Recording of Transactions-II | Accountancy Class 11 - Commerce is a part of the Commerce Course Accountancy Class 11.
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FAQs on NCERT Solution (Part - 2) Recording of Transactions-II - Accountancy Class 11 - Commerce

1. What is the purpose of recording transactions in accounting?
Ans. The purpose of recording transactions in accounting is to maintain an accurate and systematic record of all financial activities of a business. This helps in tracking and analyzing the financial position of the business, making informed decisions, and meeting legal requirements.
2. What are the different methods of recording transactions?
Ans. There are two main methods of recording transactions in accounting: the single-entry system and the double-entry system. In the single-entry system, only one aspect of a transaction is recorded, usually the cash aspect. In the double-entry system, both the debit and credit aspects of a transaction are recorded, ensuring that the accounting equation (Assets = Liabilities + Owner's Equity) remains in balance.
3. What are some common examples of transactions that need to be recorded?
Ans. Some common examples of transactions that need to be recorded include sales of goods or services, purchases of inventory or fixed assets, cash payments or receipts, loans taken or repaid, salaries and wages paid, and expenses incurred. These transactions impact the financial position and performance of a business and must be accurately recorded.
4. How can errors in recording transactions be rectified?
Ans. Errors in recording transactions can be rectified by using various methods. If an error is discovered immediately after recording, it can be corrected by making an opposite entry to nullify the effect of the error. If the error is detected at a later stage, it can be rectified by preparing adjusting entries in the subsequent accounting period. In some cases, it may be necessary to consult with a professional accountant to rectify complex errors.
5. Why is it important to maintain proper documentation for recorded transactions?
Ans. It is important to maintain proper documentation for recorded transactions as it serves as evidence and support for the transactions. Documentation includes invoices, receipts, bank statements, contracts, and any other relevant documents. Proper documentation helps in substantiating financial transactions, facilitating audits, resolving disputes, and complying with legal and regulatory requirements. Additionally, it ensures transparency and accountability in the financial reporting process.
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