Ledger Model Question Paper

11th Standard

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Accountancy

Time : 01:00:00 Hrs
Total Marks : 50
    5 x 1 = 5
  1. Main objective of preparing ledger account is to _________

    (a)

    Ascertain the financial position

    (b)

    Ascertain the profit or loss

    (c)

    Ascertain the profit or loss and the financial position

    (d)

    Know the balance of each ledger account

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

    (a)

    Casting

    (b)

    Posting

    (c)

    Journalising

    (d)

    Balancing

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

    (a)

    Credit Balance

    (b)

    Debit Balance

    (c)

    Nil Balance

    (d)

    Debit and Credit Balance

  4. Nominal Account having credit balance represents ___________________

    (a)

    income/gain

    (b)

    expenses/losses

    (c)

    assets

    (d)

    liabilities

  5. Nominal account having Debit balance represents _________________

    (a)

    income/gain

    (b)

    expenses/losses

    (c)

    liability

    (d)

    assets

  6. 5 x 2 = 10
  7. What is debit balance?

  8. What is credit balance?

  9. Prepare a purchase account from the following transactions.

    2010 March   Rs
    1 Purchases goods to Aravind 12,000
    4 Purchases goods to Neha 5,000
    11 Purchases goods to Anu 11,000
    17 Purchases goods to Kumar 4,000
  10. Does debit always mean increase and credit always mean decrease?

  11. What is the purpose of a Ledger?

  12. 5 x 3 = 15
  13. How is posting made from the journal to the ledger?

  14. Explain the procedure for balancing a ledger account.

  15. Post the following transactions direct into ledger of Akbar.

    2018 March   Rs
    1 Bought goods for Cash 25,000
    2 Sold goods for Cash 50,000
    3 Bought goods for Credit from Gopi 19,000
    5 Sold goods on Credit to Robert 8,000
    7 Received from Robert 6,000
    9 Paid to Gopi 5,000
    20 Bought furniture for Cash 7,000
  16. On 15th March 2017, Ramesh paid Rs 13,800 in full settlement of his account Rs 15,000 due to his creditor Dinesh. Pass journal entry and prepare ledger accounts.

    In the books of Ramesh Journal entry
     Date   Particulars   L.F.   Debit Rs   Credit Rs 
        2017        
     March 15    Dinesh A/c    Dr.   15,000  
        To Cash A/c     13,800
        To Discount received A/c         1,200
       (Paid Dinesh in full settlement of his account)        
  17. What are the steps in posting?

  18. 4 x 5 = 20
  19. Give journal entries for the following transactions and post them to ledger.

    2015 Mar   Rs.
    1 Goods sold to Somu on credit 5,000
    7 Furniture purchased for cash 300
    15 Interest received 1,800
  20. Journalise the following transactions in Thiru. Kumaran books and post them to ledger.

    2013Aug.   Rs
    5 Sold goods to Arumugam on Credit 17,500
    9 Bought good for cash from Chellapan 22,500
    12 Met Travelling expenses 2,500
    15 Received 80,000 from Sivakumar as loan  
    21 Paid wages to workers 3,000
  21. Prepare a Sales account from the following transactions.

    2018 Jan.   Rs
    1 Sold goods to Sam 4,000
    4 Sold goods to Suresh 2,500
    11 Sold goods to Joy 8,000
    17 Sold goods to Rajan 3,000
  22. Journalise the following transactions in Thiru. Manikandan's books and post them to ledger and balance them.

    2013, Aug. 5 Sold goods to Arumugam on Credit Rs 17,500
      9 Bought goods for cash from Chellappan Rs 22,500
      12 Met Travelling expenses Rs 2,500
      15 Received Rs 80,000 from Sivakumar as loan  
      21 Paid wages to workers Rs 3,000

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