Chapter 2: Conceptual Framework of Accounting
Chapter 3: Books of Prime Entry
Chapter 4: Ledger
Chapter 5: Trial Balance
Chapter 6: Subsidiary Books - 1
Chapter 7: Subsidiary Books - 2
Chapter 8: Bank Reconciliation Statement
Chapter 9: Rectification of Errors
Chapter 10: Depreciation Accounting
Chapter 11: Capital and Revenue Transactions
Chapter 12: Final Accounts of Sole Proprietors - 1
Chapter 13: Final Accounts of Sole Proprietors - 2
Chapter 14: Computerised Accounting
Chapter 4: Ledger
Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Accountancy Answers Guide Chapter 4 LedgerMultiple choice questions [Pages 76 - 77]
Choose the correct answer
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
The process of transferring the debit and credit items from journal to ledger accounts is called __________.
J.F means ____________.
Ledger page number
Journal page number
The process of finding the net amount from the totals of debit and credit columns in a ledger is known as ____________.
If the total of the debit side of an account exceeds the total of its credit side, it means ____________.
Debit and credit balance
The amount brought into the business by the proprietor should be credited to __________.
Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Accountancy Answers Guide Chapter 4 LedgerVery short answer questions [Page 77]
What is a ledger?
What is meant by posting?
What is debit balance?
What is credit balance?
What is the balancing of an account?
Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Accountancy Answers Guide Chapter 4 LedgerShort answer questions [Page 77]
Distinguish between journal and ledger.
What is a ledger?
Explain ledger utilities.
How is a posting made from the journal to the ledger?
Explain the procedure for balancing a ledger account.
Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Accountancy Answers Guide Chapter 4 LedgerExercises [Pages 77 - 79]
Journalise the following transactions and post them to the ledger.
|1||Started business with cash||10,000|
|5||Paid into bank||5,000|
|7||Purchased goods from Ram for cash||1,000|
Pass journal entries for the following transactions and post them to the ledger.
|1||Dharma started business with cash||70,000|
|6||Cash received from Ganesan||10,000|
|20||Received commission from Anand||5,000|
The following balances appeared in the books of Vinoth on Jan 1, 2018
|Cash||40,000||Amount due to Vijay||10,000|
|Amount due from Ram||20,000|
Pass the opening journal entry and post them to Vinoth’s Capital account.
Prepare Furniture A/c from the following transactions.
|1||Furniture in hand||2,000|
|1||Purchased furniture for cash||4,000|
The following balances appeared in the books of Kumaran on April 1, 2017.
|Cash||1,00,000||Amount due to Anush||40,000|
|Amount due from Rohit||10,000|
Find the capital and show the ledger posting for the above opening balances.
Give journal entries and post them to cash account.
|1||Commenced business with cash||1,10,000|
|10||Introduced additional capital||50,000|
|28||Withdrawn for personal use||20,000|
Give Journal entries for the following transactions and post them to Cash a/c and Sales A/c.
|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|
Enter the following transactions in the books of Ganesan and post them into ledger.
|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|
Journalise the following transactions in the books of Vasu and post them to ledger accounts.
|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.|
Prepare Anand’s account from the following details.
|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|
Show the direct ledger postings for the following transactions:
|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
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.
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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.
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