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11th Standard English Medium Accountancy Subject Ledger Creative 3 Mark Questions with Solution Part - I Question Bank Software Jun-29 , 2021

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11th Standard English Medium Accountancy Subject Ledger Creative 3 Mark Questions with Solution Part - I

11th Standard English Medium Accountancy Subject Ledger Creative 3 Mark Questions with Solution Part - I

11th Standard

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Accountancy

Time : 00:30:00 Hrs
Total Marks : 15
    5 x 3 = 15

  1. 'Ledger is a principal Book of a Business' - Explain.

  2. 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

  3. Explain the significance of debit and credit balances of various types of accounts.

  4. What are the steps in posting?

  5. Explain the posting of a compound journal entry with an example.

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