Maharashtra State BoardHSC Commerce 11th
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Balbharati solutions for Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board chapter 4 - Ledger [Latest edition]

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Balbharati solutions for Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board chapter 4 - Ledger - Shaalaa.com
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Chapter 4: Ledger

ExercisesPractical problems
Exercises [Pages 114 - 116]

Balbharati solutions for Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board Chapter 4 Ledger Exercises [Pages 114 - 116]

Exercises | Q 1. 1) | Page 114

Answer in one sentence only
What is Ledger?

Exercises | Q 1. 2) | Page 114

Answer in one sentence only
What is Ledger Posting?

Exercises | Q 1. 3) | Page 114

Answer in one sentence only
When does an account show a nil balance?

Exercises | Q 1. 4) | Page 114

Answer in one sentence only
What is Folio?

Exercises | Q 1. 5) | Page 114

Answer in one sentence only
Where is the statement form of ledger A/c is used in actual practice?

Exercises | Q 1. 6) | Page 114

Answer in one sentence only
Why Proprietor’s Capital Account is a liability for the business?

Exercises | Q 1. 7) | Page 114

Answer in one sentence only
Why Proprietor’s Capital Account is a liability for the business?

Exercises | Q 1. 8) | Page 114

Answer in one sentence only
What is Trial Balance?

Exercises | Q 2. 1) | Page 114

Write the word, term, phrase, which can substitute the statement.
Principal Book of accounts.

Exercises | Q 2. 2) | Page 114

Write the word, term, phrase, which can substitute the statement.
Transferring a journal entry to the appropriate accounts in the ledger.

Exercises | Q 2. 3) | Page 114

Write the word, term, phrase, which can substitute the statement.
Page number of the Ledger to which an entry is posted.

Exercises | Q 2. 4) | Page 114

Write the word, term, phrase, which can substitute the statement.
The process of extracting the balance and inserting it on lesser side of an account.

Exercises | Q 2. 5) | Page 114

Write the word, term, phrase, which can substitute the statement.
 A debit balance to personal Accounts.

Exercises | Q 2. 6) | Page 114

Write the word, term, phrase, which can substitute the statement.
A credit balance to bank Account.

Exercises | Q 2. 7) | Page 114

Write the word, term, phrase, which can substitute the statement.
An account to be debited for goods damaged by fire.

Exercises | Q 2. 8) | Page 114

Write the word, term, phrase, which can substitute the statement.
A Trial Balance in which only net balances of all ledger accounts are transferred.

Exercises | Q 3. 1) | Page 115

Select appropriate alternatives from those given below and rewrite the sentence.
In case of a credit transaction one of the account must be a …………….account

  • Cash

  • Credit

  • Personal

  • Debit

Exercises | Q 3. 2) | Page 115

Select appropriate alternatives from those given below and rewrite the sentence.
‘c/d’ indicates _______ balance

  • Opening

  • Closing

  • Positive

  • Negative

Exercises | Q 3. 3) | Page 115

Select appropriate alternatives from those given below and rewrite the sentence.
__________ Column of ledger is used for writing page number of Journal.

  • J.F.

  • L.F.

  • Date

  • Particulars

Exercises | Q 3. 4) | Page 115

Select appropriate alternatives from those given below and rewrite the sentence.
Debtors Account shows ___________ balance.

  • Real

  • Negative

  • Credit

  • Debit

Exercises | Q 3. 5) | Page 115

Select appropriate alternatives from those given below and rewrite the sentence.
_________ is the process of deriving the difference between totals of the debit and credit side of each ledger a/c.

  • Totalling

  • Journalizing

  • Balancing

  • Posting

Exercises | Q 3. 6) | Page 115

Select appropriate alternatives from those given below and rewrite the sentence.
Total of Purchase book is _________ to Purchase Account.

  • posted

  • moved

  • given

  • entered

Exercises | Q 3. 7) | Page 115

Select appropriate alternatives from those given below and rewrite the sentence.
Real account always shows ____________ balance.

  • minimum

  • maximum

  • debit

  • credit

Exercises | Q 3. 8) | Page 115

Select appropriate alternatives from those given below and rewrite the sentence.
_____________ is prepared to test arithmetical accuracy of Books of Accounts.

  • Trial Balance

  • Ledger

  • Journal

  • List

Exercises | Q 4. 1) | Page 115

State whether the following statements are ‘True or False’ with reasons.
Ledger is a book of original entry.

  • True

  • False

Exercises | Q 4. 2) | Page 115

State whether the following statements are ‘True or False’ with reasons.
The process of recording a transaction in the Journal is called Posting.

  • True

  • False

Exercises | Q 4. 3) | Page 115

State whether the following statements are ‘True or False’ with reasons.
A cash withdrawal from the business by the trader should be credited to Drawings A/c.

  • True

  • False

Exercises | Q 4. 4) | Page 115

State whether the following statements are ‘True or False’ with reasons.
Balances of Nominal Accounts are carried forward to the next year.

  • True

  • False

Exercises | Q 4. 5) | Page 115

State whether the following statements are ‘True or False’ with reasons.
When debit side of an account is greater then the credit side, the account shows debit balance.

  • True

  • False

Exercises | Q 4. 6) | Page 115

State whether the following statements are ‘True or False’ with reasons.
The name of an account written on top of each account is called ‘Head of Account'.

  • True

  • False

Exercises | Q 4. 7) | Page 115

State whether the following statements are ‘True or False’ with reasons.
Agreement of Trial Balance always proves accounting accuracy.

  • True

  • False

Exercises | Q 4. 8) | Page 115

State whether the following statements are ‘True or False’ with reasons.
Trial balance is based on the double entry principle that for every debit there is equal amount of corresponding credit.

  • True

  • False

Exercises | Q 5. 1) | Page 115

Fill in the blank:
________ balance on Nominal Account shows expenses or loss.

Exercises | Q 5. 2) | Page 115

Fill in the blank:
Cash account always shows ______ balance

Exercises | Q 5. 3) | Page 115

Fill in the blank:
The right hand side of an account is called ___________ side.

Exercises | Q 5. 4) | Page 115

Fill in the blank:
Creditors shows _________  balance

Exercises | Q 5. 5) | Page 115

Fill in the blank:
___________ accounts are closed by transferring its balances to Profit and Loss Account.

Exercises | Q 5. 6) | Page 116

Fill in the blank:
‘b/d’ means __________.

Exercises | Q 5. 7) | Page 116

Fill in the blank:
Rent paid for the residential quarter will be debited to ____________  account.

Exercises | Q 5. 8) | Page 116

Fill in the blank:
Sold goods of Rs. 24,000 at 20% profit on cost, the purchase price of the goods is ___________.

Exercises | Q 6. 1) | Page 116

Complete the following table:

 Journal Journalising
? Posting
Exercises | Q 6. 2) | Page 116

Complete the following table:

 Sales Return Return Inward
Purchase Return ?
Exercises | Q 6. 3) | Page 116

Complete the following table:

  L.F. Journal
? Ledger
Exercises | Q 6. 4) | Page 116

Complete the following table:

 Assets Debit Balance
Liabilities ?
Exercises | Q 6. 5) | Page 116

Complete the following table:

Land & Building Real Account
Commission Received ?
Exercises | Q 7 | Page 116

Put ‘4’ mark for the nature of balance for the following.

Account Dr. Balance Cr. Balance
1. Capital A/c    
2. Goodwill    
3. Bank Overdraft    
4. Bills Receivable    
5. Creditors    
6. Drawings    
7. Advertisement    
8. Prepaid Rent    
9. Outstanding Salary    
10. Bad debts  
Practical problems [Pages 117 - 120]

Balbharati solutions for Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board Chapter 4 Ledger Practical problems [Pages 117 - 120]

Practical problems | Q 1 | Page 117

Give Journal entries of the following posting from the ledger account:

In the books of Sopan

Cash Account

Date Particulars J.F. Amt (₹) Date Particulars J.F. Amt (₹)
2019       2019      
Feb. 1 To balance b/d   8,000 Feb. 5 By Telephone   750
3 To Sales A/c   700   Charges A/c    
6 To Interest A/c   600 9 By Purchases A/c   800
8 To Jayashree's A/c   1,500 28 By Balance c/d   9,250
      10,800       10,800
Mar. 1 To Balance b/d   9,250

 

 

     

 

Purchases Account
Date Particulars J.F. Amt (₹) Date Particulars J.F. Amt (₹)
2019 Feb. 9 To Cash A/c   800 2019 Feb.28 By Balance c/d   800
      800       800
Mar. 1 To Balance b/d   800        
 
Jayashree's Account
Date Particulars J.F. Amt (₹) Date Particulars J.F. Amt (₹)
2019       2019 Feb. 8 By Cash A/c   1,500
Feb. 15 To Sales A/c   5,000 28 By Balance c/d   3,500
      5,000       5,000
Mar. 1 To Balance b/d   3,500        
Practical problems | Q 2 | Page 118

Prepare necessary Ledger Accounts from the following Subsidiary Books.

Dr. Purchase Book Cr.
Date Particulars Inward Invoice No. L.F. Amount (₹)
2019        
Oct. 2 Amol     7,500
7 Aishwarya     2,400
11 Vivek     3,900
17 Sheth     6,500
27 Shabari     1,000
  Total     21,300

 

Dr. Purchases Return Book Cr.
Date Particulars Debit Note No. L.F. Amount (₹)
2019        
Oct. 10 Aishwarya     480
20 Sheth     650
28 Shabari     200
  Total     1,330
Practical problems | Q 3 | Page 118

From the following transactions prepare necessary Ledger Accounts in the Books of Vinay and balance the same.
2019 Jan.

1 Started business with Cash ₹ 10,000

6 Bought goods from Vikas ₹ 3,000

9 Sold goods to Bhushan ₹ 2,400

12 Paid to Vikas on account ₹ 1,600

19 Received on account from Bhushan ₹ 1,000

25 Cash Purchases ₹ 3,600

30 Cash Sales ₹ 5,000

31 Paid Wages ₹ 400

Practical problems | Q 4 | Page 119

Journalise the following transactions and prepare Cash A/c only:

2019 July

1 Hardik started the business with Cash ₹ 15,000 and Machinery ₹ 20,000.

4 Purchased goods for ₹ 9,000 less 10% Cash Discount.

9 Sold goods to Amar ₹ 3,000.

12 Distributed goods worth ₹ 700 as free samples.

14 Bought Stationery for ₹ 550 for office use.

18 Received ₹ 950 from Dhanashree, a customer, whose account was earlier written off as a bad debt.

21 Abhiram invoiced us goods worth ₹ 3,000.

24 Settled Abhiram’s account, he allowed 5% cash discount.

27 Exchanged goods worth ₹ 2,500 against Furniture of the same amount.

29 Withdrawn cash from ATM ₹ 5,000 for office use and ₹ 3,000 for personal use.

Practical problems | Q 4 | Page 119

Prepare Aparna’s account in the books of Suparna.
2019 Jan.

1 Balance due from Aparna ₹ 60,000

4 Sold goods to Aparna ₹ 15,000 at 10% Trade Discount.

7 Goods returned by Aparna ₹ 1,500 (Gross)

11 Received crossed cheque from Aparna ₹ 50,000

17 Invoiced goods to Aparna ₹ 12,000

25 Sold goods to Aparna in cash ₹ 6,000

30 Received cash from Aparna ₹ 33,000 in full settlement of her account.

Practical problems | Q 6 | Page 119

Prepare Cash A/c, Bank A/c, Purchases A/c, Sales A/c, and Capital A/c and balance the same in the books of Madanlal.

2019 Aug.

1 Started business with a bank balance of ₹ 40,000.

2 Purchased goods from Aseem worth ₹ 15,000 less 10% Trade Discount.

3 Sold goods to Arun for ₹ 8,000 in cash.

4 Paid Rent ₹ 3,000 and Electricity bill ₹ 500.

5 Purchased 100 Shares of Perfect Technologies for ₹ 55 per share and paid Brokerage ₹ 250 by transfer through net banking.

6 Withdrawal of goods for personal use ₹ 500.

7 Sold goods for cash ₹ 5,000 less 10% Cash Discount.

8 Deposited cash into Bank ₹ 2,000.

9 Paid ₹ 3,000 for daughter’s tuition fees by Debit Card.

10 Purchased a Table for ₹ 2,000.

19 Received ₹ 1,500 by selling the scrap.

27 Paid cash into a bank in excess of ₹ 2,000

Practical problems | Q 7 | Page 120

Journalise the following transactions; post them into Ledger for February 2019

1 Sunil Started business with a stock of goods ₹ 20,000 and Cash ₹ 1,70,000 out of which ₹ 50,000 borrowed from his friend Kedar @ 10 p.a.

5 Placed an order for goods worth ₹ 7,000 with Mohan for which an advance of ₹ 5,500 was paid.

9 Purchased Stationery for office use ₹ 4,500

12 Goods distributed as free samples ₹ 2,000

17 Paid Freight ₹ 400 on behalf of Mr. Dev.

24 Received Goods from Mohan as per our order dated 5th Feb and settled his account.

27 Bought goods from Shekhar on two months credit for ₹ 7,000 at 20% Trade Discount with instructions to send them to Sagar.

28 Sent to Sagar Outward Invoice for goods supplied by Shekhar, at list price less 10% Trade Discount.

Practical problems | Q 8 | Page 120

Journalise the following transactions and Prepare ledger accounts in the books of Sanjeev:

2019 June

1 Cash Received from Raju ₹ 10,000 for commission.

3 Intra-state sale to Rakesh ₹ 3,000 and SGST @ 2.5% and CGST @ 2.5% applicable.

5 Received full amount from Rakesh.

8 Intra-state purchases from Mangesh ₹ 2,000 and SGST @ 2.5% and CGST @ 2.5% applicable.

11 Paid the necessary amount to Mangesh.

18 Paid Rent ₹ 2,500

24 Paid mobile bill ₹ 1,000 out of which ₹ 700 for office use and for ₹ 300 for personal use.

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Chapter 4: Ledger

ExercisesPractical problems
Balbharati solutions for Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board chapter 4 - Ledger - Shaalaa.com

Balbharati solutions for Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board chapter 4 - Ledger

Balbharati solutions for Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board chapter 4 (Ledger) include all questions with solution and detail explanation. This will clear students doubts about any question and improve application skills while preparing for board exams. The detailed, step-by-step solutions will help you understand the concepts better and clear your confusions, if any. Shaalaa.com has the Maharashtra State Board Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board solutions in a manner that help students grasp basic concepts better and faster.

Further, we at Shaalaa.com provide such solutions so that students can prepare for written exams. Balbharati textbook solutions can be a core help for self-study and acts as a perfect self-help guidance for students.

Concepts covered in Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board chapter 4 Ledger are Meaning of Ledger, Specimen of Ledger, Posting of Entries from Journal/Subsidiary Books to Ledger, Balancing of Ledger Accounts, Preparation of Trial Balance.

Using Balbharati 11th solutions Ledger exercise by students are an easy way to prepare for the exams, as they involve solutions arranged chapter-wise also page wise. The questions involved in Balbharati Solutions are important questions that can be asked in the final exam. Maximum students of Maharashtra State Board 11th prefer Balbharati Textbook Solutions to score more in exam.

Get the free view of chapter 4 Ledger 11th extra questions for Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board and can use Shaalaa.com to keep it handy for your exam preparation

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