Accountancy Ledger

Hridaan's Edumax
S1-18, Gate 3, Dosti Shoppe Imperia, Manpada Thane
ACCOUNTANCY LEDGER
Class 11 - Accountancy
Time Allowed: 1 hour and 40 minutes Maximum Marks: 316
1. Define an account. [3]

2. Write a short note on balancing an account. Explain by balancing a Cash Account. [3]
3. A ledger provides a number of utilities. List any three such utilities. [3]
4. When an account is said to have a debit balance and credit balance? [3]
5. Why is ledger called the book of final entry? [3]
6. What do you mean by posting? [3]
7. Enumerate four advantages of Ledger. [3]
8. Give any three points distinguishing between a journal and a ledger? [3]
9. Prepare Journal entries of the following posting in the Ledger accounts:- [3]
i. CASH ACCOUNT
Dr. Cr.
₹ ₹
To Sales 5,000
ii. FURNITURE ACCOUNT
₹ ₹
To Cash 8,000
iii. PURCHASES ACCOUNT
Dr. Cr.
₹ ₹
To Govind 10,000
iv. MURARI
Dr. Cr.
₹ ₹
By Purchases A/c 12,000

v. SALES ACCOUNT
Dr. Cr.
₹ ₹
By Mohan 500
vi. INTEREST ACCOUNT
All the best My Bacha Log! Kill it! 1 / 22

Dr. Cr.
₹ ₹
By Cash A/c 15,000
10. Write the process of preparing ledger from a journal. [3]

11. Explain the procedure of balancing personal accounts. [3]
12. Explain the procedure for balancing a ledger account. [3]
13. Name and briefly discuss the principal book of accounting system. [3]
14. What do you understand by balancing of account? [3]
15. Distinguish between Journal and Ledger. [4]
16. From the following particulars prepare the Proprietor’s Capital Account: [4]
2015
April 1 Started business with cash ₹ 75,000
June 17 Withdrew from the business for personal use ₹ 10,000
July 31 A life insurance premium paid ₹ 13,000
Sept. 25 Sold personal investments worth ₹ 15,000 at 5% profit and brought into business on the same date
Dec. 31 Loss for the year ₹ 5,000

17. Briefly explain any two source documents? [4]
18. What are the rules of posting in the Ledger? [4]
19. Describe how accounts are used to record information about the effects of transactions? [4]
20. Journalise the following transactions is the journal of M/s Goel Brothers and post them to the ledger. [6]
2017 Amount (₹)
Jan. 01 Started business with cash 1,65,000
Jan. 02 Opened bank account in PNB 80,000
Jan. 04 Goods purchased from Tara 22,000
Jan. 05 Goods purchased for cash 30,000
Jan. 08 Goods sold to Naman 12,000
Jan. 10 Cash paid to Tara 22,000
Jan. 15 Cash received from Naman 11,700
Discount allowed 300
Jan. 16 Paid wages 200
Jan. 18 Furniture purchased for office use 5,000
Jan. 20 withdrawn from bank for personal use 4,000
Jan. 22 Issued cheque for rent 3,000
Jan. 23 goods issued for household purpose 2,000

Jan. 24 drawn cash from bank for office use 6,000
Jan. 26 Commission received 1,000
Jan. 27 Bank charges 200
Jan. 28 Cheque given for insurance premium 3,000
Jan. 29 Paid salary 7,000
Jan. 30 Cash sales 10,000
21. Journalise the following transactions, post to the ledger: [6]
2017 Amount (₹)
Nov. 01 Business started with
(i) Cash 1,50,000
(ii) Goods 50,000
Nov. 03 Purchased goods from Harish 30,000
Nov. 05 Sold goods for cash 12,000
Nov. 08 Purchase furniture for cash 5,000
Nov. 10 Cash paid to Harish on account 15,000
Nov. 13 Paid sundry expenses 200
Nov. 15 Cash sales 15,000
Nov. 18 Deposited into bank 5,000
Nov. 20 Drew cash for personal use 1,000
Nov. 22 Cash paid to Harish in full settlement of account 14,700
Nov. 25 Good sold to Nitesh 7,000
Nov. 26 Cartage paid 200
Nov. 27 Rent paid 1,500
Nov. 29 Received cash from Nitesh 6,800
Nov. 29 Discount allowed 200
Nov. 30 Salary paid 3,000
22. Journalise the following transaction in the Books of the M/s Bhanu Traders and Post them into the Ledger. [6]
2017 Amount (₹)
Dec. 01 Started business with cash 92,000
Dec. 02 Deposited into bank 60,000
Dec. 04 Bought goods on credit from Himani 40,000
Dec. 06 Purchased goods from cash 20,000

Dec. 08 Returned goods to Himani 4,000
Dec. 10 Sold goods for cash 20,000
Dec. 14 Cheque given to Himani 36,000
Dec. 17 Goods sold to M/s Goyal Traders 3,50,000
Dec. 19 Drew cash from bank for personal use 2,000
Dec. 21 Goyal traders returned goods 3,500
Dec. 22 Cash deposited into bank 20,000
Dec. 26 Cheque received from Goyal Traders 31,500
Dec. 28 Goods given as charity 2,000
Dec. 29 Rent paid 3,000
Dec. 30 Salary paid 7,000
Dec. 31 Office machine purchased for cash 3,000
23. Ashok of Delhi started business on 1st April, 2019 with Machinery of ₹4,00,000 and Furniture of ₹1,00,000. [6]
He purchased these assets from Delhi and paid by cheque from his Savings Account. He introduced capital of
₹1,00,000 in cash. Journalise the following transactions for the month of April, prepare the Ledger Accounts
and balance them:
2019 ₹
April 1 Purchased goods for cash from Ram, Delhi 55,000
April 4 Purchased goods from Naresh, Gurugram (Haryana) 40,000
April 6 Sold goods for cash 70,000
April 12 Cash depos ited into bank* 80,000
April 14 Purchased machinery costing ₹10,000 for cash
April 15 Sold goods to Garg Bros., Delhi 30,000
April 16 Returned goods to Naresh 2,000
April 28 Paid salary for the month of April* 10,000
April 30 Received bank interest* 400
April 30 Paid for courier charges 1,000
CGST and SGST is levied @ 6% each on intra-state transactions and @ 12% on inter-state transactions except
transactions marked with(*).
24. Give any four points of difference between a journal and a ledger. [6]
25. Enter the following transactions in the Journal of M/s. Karim Bros., Prop. Shri Karim Khan, Kolkata, post to
[6]
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 (*).
26. Journalise the following transactions of Kamal, Delhi for April, 2019, post them in Ledger Accounts and [6]
balance them:
2019 ₹
April
Kamal started business with cash* 1,00,000
1
April
Bought goods for cash 30,000
2
April
Opened Bank Account with cash* 50,000
3
April
Sold goods for cash 40,000
4
April
Bought goods from Surya, Kanpur (UP) on credit 30,000
7
April
Sold goods to Rakesh, Delhi on credit 25,000
10
April Purchased Machinery costing ₹20,000 from Rahul Bros., Faridabad (Haryana) and payment
15 is made by cheque
April
Paid to Surya in cash on account* 20,000
19
April
Received loan from Anil and deposited the same into bank* 8,000
21

April Goods returned to Surya 5,000
23
April
Withdrew from bank for personal use* 5,000
26
April
Paid to Surya by cheque in full settlement* 7,500
27
April
Received cash from Rakesh* 10,000
29
April
Purchased stationery for cash 500
30
CGST and SGST is levied @ 6% each on intra-state transactions and IGST @ 12% on inter-state
transactions. GST is not levied on transactions marked with (*).
27. Enter the following transactions in Purchases Book of Gopi Chand & Sons, Kanpur (U.P.) assuming CGST [6]
@ 6% and SGST @ 6% and post it into ledger:
2018
January
Bought goods from Rahul Bajaj of Kanpur of credit for ₹2,50,000.
5
Purchased goods from Ganesh Industries of Kolkata (West Bengal) on credit of the list price of
13
₹1,20,000 less 20% trade discount.
18 Purchased Furniture for ₹50,000 for office use.

1
28 Purchased goods from Vijay Modi of Surat Gujarat for ₹1,00,000 at 12 % discount.
2
28. Journalise the following transaction in the books of Sanjana and post them into the ledger: [6]
2017 Amount (₹)
Jan. 01 Cash in hand 6,000
Cash at bank 55,000
Stock of goods 40,000
Due to Rohan 6,000
Due from Tarun 10,000
Jan. 03 Sold goods to Karuna 15,000
Jan. 04 Cash sales 10,000
Jan. 06 Goods sold to Heena 5,000
Jan. 08 Purchased goods from Rupali 30,000
Jan. 10 Goods returned from Karuna 2,000
Jan. 14 Cash received from Karuna 13,000
Jan. 15 Cheque given to Rohan 6,000

Jan. 16 Cash received from Heena 3,000
Jan. 20 Cheque received from Tarun 10.000
Jan. 22 Cheque received from to Heena 2,000
Jan. 25 Cash given to Rupali 18,000
Jan. 26 Paid cartage 1,000
Jan. 27 Paid salary 8,000
Jan. 28 Cash sale 7,000
Jan. 29 Cheque given to Rupali 12,000
Jan. 30 Sanjana took goods for Personal use 4,000
Jan. 31 Paid General expense 500
29. Journalise the following transactions and post them into the Ledger: [6]
2019 ₹
April 1 Ramesh started business with cash 1,00,000
April 2 Paid into bank 70,000
Aprii 3 Bought goods for cash 5,000
April 4 Drew cash from bank for office 1,000
April 13 Sold to Krishna goods on credit 1,500
April 20 Bought goods from Shyam on credit 2,250
April 24 Received from Krishna 1,500
April 28 Paid Cash to Shyam 2,150
Discount allowed by him 100
April 30 Cash sales for the month 8,000
April 30 Paid Rent 500
April 30 Paid Salary to Ram 3,000
30. Following balances appeared in the books of Ram & Shyam on January 1, 2017: [6]
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.
31. Enter the following transactions in a Double Column Cash Book and Journal Proper and post them into Ledger:- [6]
May
Balance of Cash in Hand ₹12,400; Bank Overdraft ₹36,000.
1
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.
Received a cheque from X for ₹12,000. Discount allowed ₹500. This cheque was deposited into bank
6
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.
32. Pass Journal Entries for the following transactions and post them into Ledger:- [6]
2017 ₹
April
Siya Ram & Sons commenced business with cash 2,00,000
1
3 Purchased office furniture for cash 20,000
5 Purchased goods for cash 50,000
8 Purchased goods - from Vishal Trading Co. 25,000

from Mohan Garments 16,000
10 Returned goods to Vishal Trading Co. 5,000
Paid cash to Vishal Trading Co. in full settlement of their account, after deducting 5% cash
14
discount
15 Sold goods for cash 40,000
18 Sold goods to Hero Limited, less 10% Trade Discount 30,000
20 Siya Ram withdrew from business for his personal use - Cash 10,000
Goods 4,000
21 Paid to Mohan Garments 7,800
Discount received 200
22 Received from Hero Limited 8,850
25 Sold goods to Hansraj Ltd. for cash 12,000
28 Purchased goods from Pawan Brothers 24,000
30 Paid for Rent ₹2,000 and Salaries ₹4,000
33. From the following transactions prepare Sales Return Book of M/s Diwedi & Co., Kolkata (West [6]
Bengal) assuming CGST @ 9% and SGST @ 9% and post it into the Ledger:-
2018
June
Goods returned by Sita Ram, Kolkata ₹80,000. These goods were sold to him at 15% discount.
3
12 Defective goods returned by Hindi Oil Co., Hyderabad (Telangana) for ₹30,000
Allowances claimed by Gujarat Gas Co., Hyderabad (Telangana) on Account of Mistake in invoice
26
₹20,000
34. Enter the following transactions in Return Outward Book of Modern Furniture House, Udaipur (Rajasthan) [6]
assuming CGST @ 6% and SGST @ 6% and post it into Ledger:
2017
Nov.
Returned to Sachdeva Furniture Store, Ahmedabad (Gujarat):
7
5 Chairs @ ₹2,000 each
1 Table for ₹15,000
Less: 10% Trade Discount
Returned 8 Chairs to India Furniture House, Jodhpur (Rajasthan) @ ₹1,500 each, being not of specified
22
quality
24 Returned one Dining Table to Arora & Co., Jaipur (Rajasthan) being not according to sample ₹50,000

28 Allowance claimed from Delhi Furniture Shop, Ahmedabad (Gujarat) on account of a mistake in the
invoice ₹16,000
35. Pass the Opening Entry on 1st April, 2019 on the basis of the following information taken from the books of [6]
Raman. Also, post the opening entry:
Cash in Hand 20,000
Sundry Debtors 60,000
Stock of Goods 40,000
Input IGST Account 15,000
Input SGST Account 5,000
Plant 50,000
Land and Building 1,00,000
Sundry Creditors 1,00,000
36. Journalise the following transactions, post them into Ledger, balance the accounts and prepare a Trial Balance:- [6]
2017 ₹
March 1 Shyam Sunder & Sons commenced business with cash 80,000
2 Purchase goods for cash 36,000
3 Machinery purchased for cash 4,000
4 Purchased goods from Raghu 22,000
Dilip 30,000
6 Returned goods to Raghu 4,000
8 Paid to Raghu, in full settlement of his account 17,500
10 Sold goods to Mahesh Chand & Co. for ₹32,000 at 5% trade discount
13 Received cash from Mahesh Chand & Co.
Discount allowed 19,800
15 Paid cash to Dilip 200
Discount received 14,850
20 Sold goods for cash 25,000
24 Sold goods for cash to Sudhir Ltd. 18,000
25 Paid for Rent 1,500
26 Received to Commission 2,000
28 Withdrew by Proprietor for his personal use 5,000
28 Purchased a fan for Proprietor's house 1,200
All the best My Bacha Log! Kill 10 /

37. Enter the following transactions in Return Inward Book of M/s Kanitkar & Co. of Mumbai (Maharashtra) [6]
assuming CGST @ 2.5% and SGST @ 2.5% and post it into Ledger:-
2018
Jan. 5 Goods returned to us by Giriraj & Co., Pune (Maharastra) worth ₹40,000, less 10% trade discount.
10 Shah Brothers, Jaipur (Rajasthan) returned goods, being not according to sample ₹30,000.
16 Allowance claimed by Jai Singh & Co., Mathura (U.P.) on account of a mistake in the invoice ₹10,000.
20 Goods returned by Gopalsons, Mumbai being defective ₹20,000.

38. Pass Journal entries of M/s Bhanu Traders, Delhi from the following transactions. Post them to the Ledger: [6]
2019 ₹
April 1 Commenced business with cash 1,50,000
April 2 Opened a bank account with PNB 50,000
April 3 Purchased furniture 20,000
April 7 Bought goods for cash from M/s. Rupa Traders, Delhi 30,000
April 8 Purchased goods from M/s. Hema Traders, Chandigarh 42,000
April 10 Cash sales 30,000
April 14 Sold goods on credit to M/s. Gupta Traders, Kolkata 12,000
April 16 Rent paid 4,000
April 18 Paid Electricity expenses 1,000
April 20 Received cash from Gupta Traders 12,000
April 22 Goods returned to Hema Traders 2,000
April 23 Cash paid to Hema Traders 40,000
April 25 Bought postage stamps 100
April 30 Paid salary to Mohan 4,000
39. Enter the following transactions into a sales Book of Malhotra Cloth House, Lucknow (U.P.) assuming CGST [6]
@ 2.5% and SGST 2.5% and post it into Ledger:
2018
January 6 Sold goods to Shankar Lal of Kanpur (U.P.) on credit for ₹1,50,000 at 12% discount.
12 Arun Birla of Patna (Bihar) purchased goods from us for ₹85,000 on credit.
16 Sold goods for cash to Hari Ram for ₹50,000,
27 Sold goods to Navdip of New Delhi of the list price of ₹2,00,000 at trade discount of 10%.
40. Enter the following transactions in Purchase Return Book of Shambhu & Sons, Varanasi (U.P.) assuming [6]
CGST @ 6% and SGST @ 6% and post it into Ledger:-
2018

May Returned goods to Subhash Chandra of Lucknow (U.P.) for ₹15,000
2
Goods Returned to Oswal Brothers, Jamshedpur (Jharkhand) being not according to sample worth
10
₹50,000
20 Allowance claimed from Sri Ram & Sons, Patna (Bihar) on account of mistake in the invoice, ₹20,000
41. Two water purifiers were sold to Raman traders for Rs.2,100 each out of which one purifier was returned back [6]
due to the manufacturing defect (Credit note no.10/2014). Record the above transaction in the books of
accounts [6]
42. Record the following transactions in the Sales Book of Karunakaran & Sons, Chennai (Tamilnadu)
assuming CGST @ 9% and SGST @9% and post them into Ledger:-
2017
Dec. 5 Sold to M/s Banwari Lal & Sons, Chennai, goods valued at ₹2,00,000 less Trade Discount 10%
10 Sold to M/s Kanti Bhai & Sons, Bengaluru (Karnataka):
75 Electric Fans @ ₹4,000 each
20 Room Coolers @ ₹10,000 each
Less: Trade Discount 8%
16 Mahindra & Co., Kochi (Kerala) purchased from us goods of ₹1,20,000, less: 5%
24 Sold goods for cash ₹60,000

[6]
43. Record the following transactions in the Purchases Book of Modern Furniture House, New Delhi assuming
CGST @ 6% and SGST @ 6% and post it into Ledger:-
2017
Nov.
Purchased goods from Sachdeva Furniture Store, New Delhi:
3
5 Tables @ ₹10,000 each
Less: 10% Trade Discount
Purchased furniture from Mahadeva & Co., Jaipur (Rajasthan) valued ₹2,00,000. less 12 1 % Trade
10 2
Discount.
18 Purchased furniture from Fashion Furniture House, Chandigarh of the list price of ₹2,50,000, less 15%.
20 Purchased from India Furniture House, New Delhi:
25 Purchased from Mohan Lal & Sons furniture of the value of ₹20,000 for cash.
[6]
44. Give journal entries of M/s Mohit traders, Post them to the Ledger from the following transactions:
2017 Amount (₹)
Aug. 01 Commenced business with cash 1,10,000
Aug. 02 Opened bank account with H.D.F.C. 50,000

Aug. 03 Purchased furniture 20,000
Aug. 07 Bought goods for cash from M/s Rupa Traders 30,000
Aug. 08 Purchased good from M/s Hema Traders 42,000
Aug. 10 Sold goods for cash 30,000
Aug. 14 Sold goods on credit to M/s. Gupta Traders 12,000
Aug. 16 Rent paid 4,000
Aug. 18 Paid trade expenses 1,000
Aug. 20 Received cash from Gupta Traders 12,000
Aug. 22 Goods return to Hema Traders 2,000
Aug. 23 Cash paid to Hema Traders 40,000
Aug. 25 Bought postage stamps 100
Aug. 30 Paid salary to Rishabh 4,000
45. Record the following transactions of M/s Mahipal Bros. in Proper Subsidiary Books, post them into the [8]
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 a 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 of ₹58,800 after receiving a 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.
46. Enter the following transactions in proper Subsidiary Books and post them into Ledger: [8]
2017
March 2 Purchased from Navrang Traders for ₹8,300
3 Sold goods to Rohan for ₹3,200
5 Bought of Ruchi Traders for ₹12,100
8 Rohan returns the goods for ₹600
10 Purchased goods from Jaipur Stores of the list price of ₹15,400 less 5% Trade Discount
12 Sold goods to Arun Traders for ₹18,000 less 15% Trade Discount
12 Bought of Amit Traders for ₹10,000
16 Purchased Machinery from Kirloskar Ltd. ₹20,000
18 Returned goods to Jaipur Stores for ₹800 less 5% Trade Discount
19 Arun Traders returned goods for ₹3,000, less 15% Trade Discount
20 Sales to Kalpna & Co. for ₹14,700
22 Purchased goods from Navrang Traders for ₹25,000
25 Returns outward to Navrang for ₹1,200
26 Sales to Rupa Traders for ₹10,000 less 10% Trade Discount
29 Returns inward from Kalpana & Co. for ₹2,000
47. On 1st April, 2019, Mohit, Delhi started business with a capital of ₹ 50,000. He made the following [8]
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.
48. Journalise the following transactions in the books of Shri Manoj, Kolkata and prepare Ledger Accounts. [8]
Opening Debit Balances:
Cash in Hand ₹ 15,000; Cash at Bank ₹ 55,000; Stock ₹ 28,000; Debtors ₹ 25,000 (Sunil ₹ 5,000; Abhay ₹
10,000 and Alok ₹ 10,000); Fixed Assets: Computer and Printer ₹ 50,000; Furniture ₹ 10,000; Delivery Van ₹
25,000.
Opening Credit Balances:
Bank Loan ₹ 90,000; Salaries Outstanding ₹ 15,000; Creditors ₹ 20,000; Bills Payable ₹ 10,000; Capital
₹ 73,000.
Transactions for the month of April, 2019 were:
i. Purchased goods from M/s Prabhat Electricals, Delhi ₹ 10,000 less 10% Trade Discount. Cheque was
issued immediately and availed 2% Cash Discount on purchase price.
ii. Cheque was received from Abhay for the balance allowing him discount of 2%*.
iii. Cheque was received from Alok for the balance due* .
iv. Sunil was unable to pay the full dues and offered to pay 75%, which was accepted. Cheque was
duly received*.
v. Gave goods costing ₹ 1,000 as charity. These goods were purchased in Kolkata.
vi. In a competition held by the RWA where the shop is located an electric iron costing ₹ 500 was given as
an award. It had been purchased from Prabhat Electricals, Delhi.
vii. A debt of ₹ 10,000 that was written off as bad debt in the past was received*.
viii. Salaries amounting to ₹ 15,000 provided in the books for the month of March, 2019 were paid
through cheque*.
ix. Sales for the month were: Cash Sales ₹ 15,00,000 (Intra-state) and Credit Sales ₹ 3,00,000 (Inter-state).
x. Purchases for the month were: Cash Purchases ₹ 1,00,000 (Intra-state) and Credit Purchases (Inter-state)
₹ 9,00,000.
Cheques Received from Debtors ₹ 2,00,000; Deposited Cash ₹ 15,00,000.
xi. Paid to creditors through cheques ₹ 8,90,000*.
xii. Bank Loan repaid during the month ₹ 20,000*.
49. Following balances appeared in the books of Ashok, Delhi on 1st April, 2019: [8]
Assets: Cash ₹ 50,000; Stock ₹ 30,000; Debtors - Ram ₹ 50,000; Machinery ₹
60,000. Liabilities: Creditor - Rajesh ₹ 30,000.
The following transactions took place in April, 2019:
2019 ₹
April
Sold goods for cash 7,000
4
April
Goods returned by Ram, Delhi 1,000
6
April Purchased goods from Rajesh, Jaipur (Rajasthan) of list price ₹ 10,000 for 9,000

10
April Bought goods of list price of ₹ 15,000 from Rakesh, Kolkata less 10% trade discount and 5%
15 cash discount and paid 40% of amount immediately
April
Paid to Rajesh in full settlement of his account* 38,600
20
April
Paid for the life insurance premium of the proprietor* 500
25
April
Received commission (Including CGST and SGST @ 6% each) 2,000
30
CGST and SGST @ 6% each is levied on intra-state transactions and IGST is levied @ 12% on inter-
state transactions. Transactions marked with (*) are not subject to levy of GST.
Pass Journal entries for the above transaction, post them into the Ledger.
50. Shri S. K. Gupta, Chandigarh commenced business on 1st April, 2019 with a capital of ₹ 1,20,000 of which [8]
₹ 60,000 was paid into his Bank Account and balance retained as cash. His other transactions during the
month were as follows:
2019 ₹
April 2 Bought office furniture 20,000
April 5 Purchased goods 16,000
April 8 Purchased goods from Ramesh, Chandigarh 11,000
April 12 Sold goods to Sameer, Delhi 21,000
April 13 Purchased stationery for cash 1,800
April 13 Paid to Ramesh in cash on account* 10,000
Discount allowed by him* 1,000
April 17 Withdrawn cash for office use* 4,000
April 18 Sen of Chandigarh sold goods to S.K. Gupta 30,000
April 19 Cash received from Sameer on account* 20,000
Allowed him discount* 1,000
April 20 Sold to Raj Banwari, Delhi 40,000
April 28 Cash sales 1,400
April 30 Paid salary by cheque* 8,000
April 30 Paid rent by cheque 5,000
April 30 Paid telephone expenses by cheque 2,000
April 30 Paid cash into bank* 2,000
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 (*).

Journalise the above transactions and post them to the Ledger.
51. Journalise the following transactions in the Journal of M/s. Gupta Brothers (Prop. Shri R. K. Gupta), Delhi and [8]
post them to the Ledger:
2019 ₹
March 1 Started business with cash 2,00,000
March 2 Opened bank account with SBI 80,000
March 4 Goods purchased from Raj, Jaipur (Rajasthan) 22,000
March 5 Goods purchased for cash 30,000
March 8 Goods sold to Naman, Delhi 12,000
March 10 Cash paid to Raj 22,000
March 15 Cash received from Naman 11,700
March 16 Paid wages 200
March 18 Furniture purchased for office use 5,000
March 20 Withdrawn from bank for personal use 4,000
March 22 Issued cheque for rent 3,000
March 23 Goods taken for household purpose. These goods were purchased from Raj 2,000
March 24 Drawn cash from bank for office use 6,000
March 26 Commission received 1,000
March 27 Bank charges 300
March 28 Cheque issued for life insurance premium of Proprietor 3,000
March 29 Paid salary 10,000
March 30 Cash sales 20,000
52. You are to open the books of Rajesh Prabhu, Gurugram (Haryana) a trader, through the Journal to record [8]
the assets and liabilities and then post the transactions to the Ledger for the month of April, 2019.
2019
Assets: Premises ₹ 2,00,000; Delivery Van ₹ 50,000; Fixtures ₹ 5,000; Stock ₹ 75,000; Debtors:
Hariharan ₹ 30,000; Rajhans ₹ 50,000; Cash at Bank ₹ 45,000; Cash in Hand ₹ 30,000
April
Liabilities: Creditors: Jawahar ₹ 1,00,000; Vikas ₹ 45,000; Telephone Expenses Payable ₹ 4,000;
1
Output CGST ₹ 240; Output SGST ₹ 240; Electricity Expenses Payable ₹ 4,520; Salaries Payable
₹ 7,000.
April
Paid rent by cheque ₹ 5,000
1
April Goods purchased on credit from Prabhat, Delhi ₹ 15,000; Rajan, Delhi ₹ 8,000; Passi, Delhi ₹ 7,000

2
April Goods sold on credit to Rakesh, Gurugram ₹ 17,000; Devender, Delhi ₹ 25,000;
3 Paid Telephone Expenses payable by Cheque*
April
Paid the bill of petrol expenses for Delivery Van ₹ 5,700*
4
April
Cash drawings by Rajesh Prabhu ₹ 4,000*
5
April
Paid salaries for the month of March, 2019 ₹ 7,000*
7
April
Cash sales ₹ 5,000
9
April
Goods returned by Rakesh ₹ 5,000; Devender ₹ 1,000
11
April
Received cheques from debtors: Hariharan ₹ 20,000; Rajhans ₹ 40,000*
12
April
Goods returned to Prabhat ₹ 4,000; Rajan ₹ 1,000
16
April
Cheques issued to creditors: Jawahar ₹ 50,000; Vikas ₹ 10,000*
20
April
Received cheques from Hariharan ₹ 10,000; Rajhans ₹ 10,000; Rakesh ₹ 10,000; Devender ₹ 5,000;
22
Cheques received from Rakesh and Devender are dated 25th May, 2019*.
April
Cheques from Rakesh and Devender were discounted from bank paying interest @ 10% p.a.*
24
April
Received cash from Devender in full settlement ₹ 21,000*
25
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 (*).
53. Suresh, Kanpur commenced business on 1st January, 2019 introducing capital in cash ₹ 1,00,000. His [8]
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.

54. On 1st April, 2019, the following were Ledger balances of M/s. Ram & Co., Delhi: [8]
Cash in Hand ₹ 300; Cash at Bank ₹ 7,000; Bills Payable ₹ 1,000; Zahir (Dr.) ₹ 800; Stock ₹ 4,000; Gobind
(Cr.)
₹ 2,000; Sharma (Dr.) ₹ 1,500; Rahul (Cr.) ₹ 900; Capital ₹ 9,700.
Transactions during the month of April, 2019 were:
2019 ₹
April 2 Bought goods from Gobind, Delhi 900
April 3 Sold goods to Sharma, Kanpur 1,000
April 5 Bought goods from Rahul, Delhi 1,200
April 8 Sold goods to Zahir, Kolkata 500
April 15 Paid Gobind by cheque on account* 1,500
April 18 Received from Sharma a cheque of 2,000
Allowed him discount* 50
April 20 Sold goods to Sharma, Kanpur 800
April 20 Paid rent by cheque 200
April 25 Sold goods to Zahir, Kolkata 1,000
April 30 Paid salaries in cash* 300
Post the above transactions to the Ledger and prepare the Trial Balance on 30th April, 2019.
[8]
55. Enter the following transactions in proper Subsidiary Books, post them into Ledger Accounts, balance the
accounts and prepare a Trial Balance :
2017
Jan. Assets: Cash in hand ₹20,000; Debtors: Sri Gopal ₹15,000, Poonam & Co. ₹30,000; Stock ₹1,75,000,
1 MAchinery ₹1,20,000; Furniture ₹40,000
Liabilities: Bank Overdraft ₹33,000; Creditors: Niranjan Lal ₹24,000, Bombay Trading Co., ₹16,000
Jan.
Purchased from Manohar Lal & Sons goods of the list price of ₹20,000 at 10% trade discount.
2
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.
Received Cash ₹10,000 and a Cheque for ₹8,000 from Sri Gopal. The Cheque was immediately sent to
15
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 Raghbir Brothers, goods valued ₹16,000.
20 Cash purchases ₹15,000.
22 Withdrew from bank for 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.

56. Journalise the following transactions in the books of Afzal, Kolkata and post them to the Ledger: [8]
2019 ₹
Jan.
Started business with cash 1,00,000
1
Jan.
Bought goods on credit from Gupta & Co., Delhi 20,000
3
Jan.
Cash sales 5,000
5
Jan.
Cash purchases 8,000
8
Jan.
Sold goods to Ahmed & Co., Lucknow 10,000
10
Jan.
Deposited cash in bank 50,000
11
Jan.
Purchased a computer for office 20,000
13
Jan. Took a loan from Mehboob 70,000

15
Jan.
Goods returned by Ahmed & Co. 2,000
16
Jan.
Purchased furniture from Mehfil Mart, Kolkata 10,000
17
Jan.
Paid interest to Mehboob 2,000
18
Jan. Received claim from Ahmed & Co. for defects in goods supplied to them. Claim was
1,000
19 accepted and rebate was allowed.
Jan.
Paid rent by cheque 2,000
22
Jan.
Withdrew from bank 20,000
24
Jan.
Sales of goods at counter after allowing trade discount of 10% 10,000
25
Jan.
Goods purchased from Gupta & Co., Delhi were destroyed by accident 10,000
26
Jan.
Advertisement expenses paid through bank 5,000
27
Jan.
Ahmed & Co. settled their account by cheque 7,000
28
Jan.
Paid the due amount to Gupta & Co. by cheque after availing discount of ₹ 800
29
Jan.
Sold old newspapers 500
31
57. Enter the following transactions in subsidiary books, post them into Ledger and prepare a Trial [8]
Balance: The following balance 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 metre 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 metre 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 Shive 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 Proprietor 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

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Hridaan's Edumax

S1-18, Gate 3, Dosti Shoppe Imperia, Manpada Thane

1. Define an account. [3]

By Purchases A/c 12,000

All the best My Bacha Log! Kill it! 1 / 22

By Cash A/c 15,000

10. Write the process of preparing ledger from a journal. [3]

April 1 Started business with cash ₹ 75,000

June 17 Withdrew from the business for personal use ₹ 10,000

July 31 A life insurance premium paid ₹ 13,000

Dec. 31 Loss for the year ₹ 5,000

2017 Amount (₹)

Jan. 01 Started business with cash 1,65,000

Jan. 02 Opened bank account in PNB 80,000

Jan. 04 Goods purchased from Tara 22,000

Jan. 05 Goods purchased for cash 30,000

Jan. 08 Goods sold to Naman 12,000

Jan. 10 Cash paid to Tara 22,000

Jan. 15 Cash received from Naman 11,700

Discount allowed 300

Jan. 16 Paid wages 200

Jan. 18 Furniture purchased for office use 5,000

Jan. 20 withdrawn from bank for personal use 4,000

Jan. 22 Issued cheque for rent 3,000

Jan. 23 goods issued for household purpose 2,000

All the best My Bacha Log! Kill it! 2 / 22

Jan. 26 Commission received 1,000

Jan. 27 Bank charges 200

Jan. 28 Cheque given for insurance premium 3,000

Jan. 29 Paid salary 7,000

Jan. 30 Cash sales 10,000

21. Journalise the following transactions, post to the ledger: [6]

2017 Amount (₹)

Nov. 01 Business started with

(i) Cash 1,50,000

(ii) Goods 50,000

Nov. 03 Purchased goods from Harish 30,000

Nov. 05 Sold goods for cash 12,000

Nov. 08 Purchase furniture for cash 5,000

Nov. 10 Cash paid to Harish on account 15,000

Nov. 13 Paid sundry expenses 200

Nov. 15 Cash sales 15,000

Nov. 18 Deposited into bank 5,000

Nov. 20 Drew cash for personal use 1,000

Nov. 22 Cash paid to Harish in full settlement of account 14,700

Nov. 25 Good sold to Nitesh 7,000

Nov. 26 Cartage paid 200

Nov. 27 Rent paid 1,500

Nov. 29 Received cash from Nitesh 6,800

Nov. 29 Discount allowed 200

Nov. 30 Salary paid 3,000

2017 Amount (₹)

Dec. 01 Started business with cash 92,000

Dec. 02 Deposited into bank 60,000

Dec. 04 Bought goods on credit from Himani 40,000

Dec. 06 Purchased goods from cash 20,000

All the best My Bacha Log! Kill it! 3 / 22

Dec. 10 Sold goods for cash 20,000

Dec. 14 Cheque given to Himani 36,000

Dec. 17 Goods sold to M/s Goyal Traders 3,50,000