Tamil Nadu Board of Secondary EducationHSC Commerce Class 11th
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Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Accountancy Answers Guide chapter 4 - Ledger [Latest edition]

Chapters

Class 11th Accountancy Answers Guide - Shaalaa.com
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Chapter 4: Ledger

Multiple choice questionsVery short answer questionsShort answer questionsExercises
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Multiple choice questions [Pages 76 - 77]

Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Accountancy Answers Guide Chapter 4 LedgerMultiple choice questions [Pages 76 - 77]

Choose the correct answer

Multiple choice questions | Q I 1. | Page 76

Main objective of preparing ledger account is to ____________.

  • Ascertain the financial position

  • Ascertain the profit or loss

  • Ascertain the profit or loss and the financial position

  • Know the balance of each ledger account

Multiple choice questions | Q I 2. | Page 77

The process of transferring the debit and credit items from journal to ledger accounts is called __________.

  • Casting

  • Posting

  • Journalising

  • Balancing

Multiple choice questions | Q I 3. | Page 77

J.F means ____________.

  • Ledger page number

  • Journal page number

  • Voucher number

  • Order number

Multiple choice questions | Q I 4. | Page 77

The process of finding the net amount from the totals of debit and credit columns in a ledger is known as ____________.

  • Casting

  • Posting

  • Journalising

  • Balancing

Multiple choice questions | Q I 5. | Page 77

If the total of the debit side of an account exceeds the total of its credit side, it means ____________.

  • Credit balance

  • Debit balance

  • Nil balance

  • Debit and credit balance

Multiple choice questions | Q I 6. | Page 77

The amount brought into the business by the proprietor should be credited to __________.

  • Cash account

  • Drawings account

  • Capital account

  • Suspense account

Very short answer questions [Page 77]

Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Accountancy Answers Guide Chapter 4 LedgerVery short answer questions [Page 77]

Very short answer questions | Q II 1. | Page 77

What is a ledger?

Very short answer questions | Q II 2. | Page 77

What is meant by posting?

Very short answer questions | Q II 3. | Page 77

What is debit balance?

Very short answer questions | Q II 4. | Page 77

What is credit balance?

Very short answer questions | Q II 5. | Page 77

What is the balancing of an account?

Short answer questions [Page 77]

Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Accountancy Answers Guide Chapter 4 LedgerShort answer questions [Page 77]

Short answer questions | Q III 1. | Page 77

Distinguish between journal and ledger.

Short answer questions | Q III 2. | Page 77

What is a ledger?

Short answer questions | Q III 2. | Page 77

Explain ledger utilities.

Short answer questions | Q III 3. | Page 77

How is a posting made from the journal to the ledger?

Short answer questions | Q III 4. | Page 77

Explain the procedure for balancing a ledger account.

Exercises [Pages 77 - 79]

Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Accountancy Answers Guide Chapter 4 LedgerExercises [Pages 77 - 79]

Exercises | Q IV 1. | Page 77

Journalise the following transactions and post them to the ledger.

2016 Jan. Particulars
1 Started business with cash 10,000
5 Paid into bank 5,000
7 Purchased goods from Ram for cash 1,000
Exercises | Q IV 2. | Page 78

Pass journal entries for the following transactions and post them to the ledger.

2017 Aug. Particulars
1 Dharma started business with cash 70,000
6 Cash received from Ganesan 10,000
10 Rent paid 3,000
20 Received commission from Anand 5,000
Exercises | Q IV 3. | Page 78

The following balances appeared in the books of Vinoth on Jan 1, 2018

Assets Liabilities
Cash 40,000 Amount due to Vijay 10,000
Stock 50,000    
Amount due from Ram 20,000    
Machinery 40,000    

Pass the opening journal entry and post them to Vinoth’s Capital account.

Exercises | Q IV 4. | Page 78

Prepare Furniture A/c from the following transactions.

2016 Jan Particulars
1 Furniture in hand 2,000
1 Purchased furniture for cash 4,000
30 Sold furniture 400
Exercises | Q IV 5. | Page 78

The following balances appeared in the books of Kumaran on April 1, 2017.

Assets Liabilities
Cash 1,00,000 Amount due to Anush 40,000
Stock 40,000 Kumaran’s capital 1,20,000
Amount due from Rohit 10,000    
Furniture 10,000    

Find the capital and show the ledger posting for the above opening balances.

Exercises | Q IV 6. | Page 78

Give journal entries and post them to cash account.

2016 June Particulars
1 Commenced business with cash 1,10,000
10 Introduced additional capital 50,000
28 Withdrawn for personal use 20,000
Exercises | Q IV 7. | Page 78

Give Journal entries for the following transactions and post them to Cash a/c and Sales A/c.

2017 Aug. Particulars
10 Sold goods and cheque received but not deposited 30,000
14 Sold goods on credit to Gopi 12,000
20 Received cash from Gopi 12,000
Exercises | Q IV 8. | Page 79

Enter the following transactions in the books of Ganesan and post them into ledger.

2017 Oct Particulars
1 Started business with cash 25,000
5 Deposited into bank 12,500
10 Purchased furniture and payment by cheque 2,000
15 Goods purchased for cash 5,000
19 Sold goods to Vasu on credit 4,000
22 Goods worth has taken for personal use 500
Exercises | Q IV 9. | Page 79

Journalise the following transactions in the books of Vasu and post them to ledger accounts.

2017 Nov Particulars
1 Cash in hand ₹ 1,00,000; Cash at bank: ₹ 30,000
2 Vasu sold goods to Jothi for ₹ 25,000 against a cheque and deposited the same in the bank
4 Received as commission ₹ 5,000
8 Bank paid ₹ 15,000 directly for the insurance premium of Vasu.
15 Cash deposited into bank ₹ 30,000
20 Cash withdrawn from bank for personal use ₹ 45,000.
Exercises | Q IV 10. | Page 79

Prepare Anand’s account from the following details.

2017 July Particulars
1 Credit balance of Anand’s A/c 4,000
15 Amount paid to Anand 2,000
18 Goods purchased from Anand on credit 8,000
20 Paid to Anand 3,960
Discount allowed by him 40
25 Goods purchased from Anand 5,000
Exercises | Q IV 11. | Page 79

Show the direct ledger postings for the following transactions:

2017 June Particulars
1 Raja commenced business with cash ₹ 50,000
6 Sold goods for cash ₹ 8,000
8 Sold goods to Devi on credit ₹ 9,000
15 Goods purchased for cash ₹ 4,000
20 Goods purchased from Shanthi on credit ₹ 5,000

Chapter 4: Ledger

Multiple choice questionsVery short answer questionsShort answer questionsExercises
Class 11th Accountancy Answers Guide - Shaalaa.com

Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Accountancy Answers Guide chapter 4 - Ledger

Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Accountancy Answers Guide 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 Tamil Nadu Board of Secondary Education Class 11th Accountancy Answers Guide 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. Tamil Nadu Board Samacheer Kalvi textbook solutions can be a core help for self-study and acts as a perfect self-help guidance for students.

Concepts covered in Class 11th Accountancy Answers Guide chapter 4 Ledger are Introduction of Ledger, Format of Ledger Account, Utilities of Ledger, Distinction Between Journal and Ledger, Procedure for Posting, Balancing of Ledger Accounts.

Using Tamil Nadu Board Samacheer Kalvi Class 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 Tamil Nadu Board Samacheer Kalvi Solutions are important questions that can be asked in the final exam. Maximum students of Tamil Nadu Board of Secondary Education Class 11th prefer Tamil Nadu Board Samacheer Kalvi Textbook Solutions to score more in exam.

Get the free view of chapter 4 Ledger Class 11th extra questions for Class 11th Accountancy Answers Guide and can use Shaalaa.com to keep it handy for your exam preparation

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