Ledger - Important Question Paper

11th Standard

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Accountancy

Time : 01:00:00 Hrs
Total Marks : 50

    Part A

    10 x 1 = 10
  1. The process of transferring the debit and credit items from journal to ledger accounts is called _____________..

    (a)

    Casting

    (b)

    Posting

    (c)

    Journalising

    (d)

    Balancing

  2. J. F. means ___________

    (a)

    Ledger page number

    (b)

    Journal page number

    (c)

    Voucher number

    (d)

    Order number

  3. 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

  4. 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

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

    (a)

    Cash account

    (b)

    Drawings account

    (c)

    Capital account

    (d)

    Suspense account

  6. If Total of debit is equal to Total of Credit

    (a)

    Debit balance

    (b)

    Credit balance

    (c)

    Nil balance

    (d)

    None

  7. Balances in the Nominal accounts are

    (a)

    Carried forward to next accounting year

    (b)

    Carried forward to Trading and Profit and Loss A/c

    (c)

    Carried forward to Balance Sheet

    (d)

    None of the above

  8. Which of the following account is not carried forward to the next accounting year

    (a)

    Personal account

    (b)

    Real account

    (c)

    Nominal account

    (d)

    None of the above

  9. Cash account is a

    (a)

    Personal account

    (b)

    Real account

    (c)

    Nominal account

    (d)

    None of the above

  10. This account is frequently balanced to ascertain cash on hand

    (a)

    trial balance

    (b)

    asset account

    (c)

    cash account

    (d)

    bank account

  11. Part B

    6 x 2 = 12
  12. 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
  13. Does debit always mean increase and credit always mean decrease?

  14. What is the purpose of a Ledger?

  15. Mention the following transactions on the proper side of the kumar account.

  16. Classify the following under personal, Real and Nominal Account.

  17. Write short notes on 'Nil Balance'.

  18. Part C

    6 x 3 = 18
  19. Distinguish between journal and ledger.

  20. How is posting made from the journal to the ledger?

  21. Explain the procedure for balancing a ledger account.

  22. Indicate the nature of normal balance in the following accounts.
    (a) Cash  (b) Creditors  (c) Sales (d) Furniture   (e) Commission received (f) Debtors  (g) purchases  (h) Capital   (i) Salaries and   (j) Computer

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

  24. The following balances appeared in the books of Vinoth on Jan1, 2018
    Assets: Cash Rs.40,000; Stock Rs.50,000; Amount due from Ram Rs.20,000; Machinery Rs.40,000 Liabilities: Amount of due to Vijay Rs.10000 Pass the opening journal entry an deposit them to Vinoth's Capital account.

  25. Part D

    2 x 5 = 10
  26. 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
  27. Journalise the following transactions and post them to ledger in the books of Raja.

    2018 Mar   Rs.
    1 Sold goods to Senthil for cash 9,000
    5 Sold goods to Murali on credit 4,500
    9 Cash sales 6,000
    18 Bought goods from Mani on credit 3,200
    23 Received Rs.4,000 from Murali in full settlement of his account  

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