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11th Standard English Medium Accountancy Subject Ledger Book Back 5 Mark Questions with Solution Part - I updated Book back Questions

Published on: 13/05/2022

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Questions:

Generic 5

5 x 5 = 25

The following balances appeared in the books of Kumaran on April 1, 2017.
Assets: Cash Rs. 1,00,000; Stock Rs. 40,000; Amount due from Rohit Rs. 10,000;
Furniture Rs. 10,000; Liabilities: Amount due to Anush Rs. 40,000;
Kumaran's capital Rs. 1,20,000
Find the capital and show the ledger posting for the above opening balances.

Show the direct ledger postings for the following transactions:

2017 June		Rs.
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

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

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

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20	Cash withdrawn from bank for personal use Rs. 45,000.

Show the direct ledger postings for the following transactions:

2016 July
1	Shankar commenced business with a cash Rs. 1,00,000
5	Sold goods for cash Rs. 10,000
9	Wages paid Rs. 6,000
19	Salaries paid Rs. 8000
20	Advertisement expenses paid Rs. 4,000

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Answers Key:

Generic 5

5 x 5 = 25

In the books of Kumaran Journal entries
Date	particulars	Debit Rs.	Credit Rs.
2017 April 1	Cash A/c Dr.	1,00,000
	Stock A/c Dr.	40,000
	Debtor A/c Dr.	10,000
	Furniture A/c Dr.	10,000
	To Creditor A/c (Anush)		40,000
	To Capital A/c(Balancing Figure)		1,20,000
	(Balancing of assets and liabilities brought forward)

Dr. Ledger Account Cash Account Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017 Apr 1	To Capital A/c		1,00,000	2017 Apr 30	By Balance c/d		1,00,000
			1,00,000				1,00,000
2017 May 1	To Balance c/d		1,00,000

Dr. Stock Account Cr.
Date	Particulars	Amount Rs	Date	Particulars	Amount Rs
2017 Apr 1	To Capital A/c	40,000	2017 Apr 30	By Balance c/d	40,000
		40,000			40,000
2017 May 1	To Balance b/d	40,000

Dr. Rohit Account Cr.
Date	Particulars	Amount Rs	Date	Particulars	Amount Rs
2017 Apr 1	To Capital A/c	10,000	2017 Apr 30	By Balance c/d	10,000
		10,000			10,000
2017 May 1	To Balance b/d	10,000

Dr. Furniture Account Cr.
Date	Particulars	Amount Rs	Date	Particulars	Amount Rs
2017 Apr 1	To Capital A/c	10,000	2017 Apr 30	By Balance c/d	10,000
		10,000			10,000
2017 May 1	To Balance b/d	10,000

Dr. Anush Account Cr
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017 Apr 1	To Balance c/d		40,000	2017 Apr 1	By Sundry Assets A/c		40,000
			40,000				40,000
				2017 May 1	By Balance b/d		40,000

Dr. Kumaran's Capital A/c Cr.
Date	Particulars	Amount Rs	Date	Particulars	Amount Rs
2017 Apr 30	To Balance c/d	1,20,000	2017 Apr 1	By Cash A/c	1,20,000
		1,20,000			1,20,000
			2017 May 1	By Balance b/d	1,20,000

Dr. Ledger Account Cash Account Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017 June 1	To Raja Capital A/c		50,000	2017 June 15	By Purchases Alc		4,000
	To SalesAlc		8,000	31	By Balance c/d		54,000
			58,000				58,000
2017 July 1	To Balance bid		54,000

Dr. Raja Capital Account Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017 June 30	To Balance c/d		50,000	2017 June 1	By Cash A/c		50,000
			50,000				50,000
				2017 July 1	By Balance b/d		50,000

Dr. Sales Account Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017 June 30	To Balance c/d		17,000	2017 June 6	By Cash A/c		8,000
				8	By Devi A/c		9,000
			17,000				17,000
				2017 July 1	By Balance b/d		17,000

Dr. Devi Account Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017 June 8	To Sales A/c		9,000	2017 June 31	By Balance c/d		9,000
			9,000				9,000
2017 July 1	To Balance b/d		9,000

Dr. Purchases Account Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017 June 15	To Cash A/c		4,000	2017 June 30	By Balance c/d		9,000
20	To Shanthi A/c		5,000
			9,000				9,000
2017 July 1	To Balance b/d		9,000

Dr. Shanthi Account Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017 June 31	To Balance c/d		5,000	2017 June 20	By Purchases A/c		5,000
			5,000				5,000
				2017 July 1	By Balance b/d		5,000

Dr. Sales Account Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
				2018 Jan. 1	By Sam A/c		4,000
				4	By Suresh A/c		2,500
				11	By Joy A/c		8,000
2018 Jan. 31	To Balance c/d		17,500	17	By Rajan A/c		3,000
			17,500				17,500
				2018 Feb. 1	By Balance b/d		17,500

In the books of Mr. Vasu Journal Entries
Date	Particulars	Debit Rs.	Credit Rs.
2017 Nov. 1	Cash A/c Dr. Bank A/c Dr. To Vau's Capital A/c (Being Cash and Bank balance)	1,00,000 30,000	1,30,000
2	Bank A/c Dr. To Sales A/c (Sales to goods to Jothi)	25,000	25,000
4	Cash A/c Dr. To Commission received A/c (Commission received )	5,000	5,000
8	Insurance Premium A/c Dr. To Bank A/c (Insurance premium paid)	15,000	15,000
15	Bank A/c Dr. To Cash A/c (Cash deposited into bank)	30,000	30,000
20	Drawings A/c Dr. To Bank A/c (Cash withdrawn)	45,000	45,000

Dr. Insurance Account Cr.
Date	Particulars	Amount Rs.	Date	Particulars	Amount Rs.
2017 Nov. 1	To Vasu's Capital A/c	30,000	2017 Nov. 8	By Insurance Premium A/c	15,000
2	To Sales A/c	25,000	20	By Drawings A/c	15,000
15	To Cash A/c	30,000	30	By Balance c/d	25,000
		85,000			85,000
Dec. 1	To Balance b/d	25,000

Dr. Insurance Premium Account Cr.
Date	Particulars	Amount Rs.	Date	Particulars	Amount Rs.
2017 Nov. 8	To Bank A/c	15,000	2017 Nov. 30	By Balance c/d	15,000
		15,000			15,000
2017 Dec. 1	To Balance b/d	45,000

Dr. Drawings Account Cr.
Date	Particulars	Amount Rs.	Date	Particulars	Amount Rs.
2017 Nov. 20	To Bank A/c	45,000	2017 Nov. 30	By Balance c/d	45,000
		45,000			45,000
2017 Dec. 1	To Balance b/d	45,000

Dr. Commission received Account Cr.
Date	Particulars	Amount Rs	Date	Particulars	Amount Rs
20017 Nov. 30	To Balance c/d	5,000	2017 Nov. 4	By Cash A/c	5,000
		5,000			5,000
			2017 Dec. 1	By balance b/d	5,000

Dr. Cash account Cr.
Date	Particulars	Amount Rs	Date	Particulars	Amount Rs
2017 Nov. 1	To Vasu's Capital A/c	1,00,000	2017 Nov. 15	By Bank A/c	30,000
4	To Commission received A/c	5,000	30	By Balance c/d	75,000
		1,05,000			1,05,000
2017 Dec. 1	To Balance c/d	75,000

Dr. Sales Account Cr.
Date	Particulars	Amount Rs.	Date	Particulars	Amount Rs.
2015 Nov. 30	To Balance c/d	25,000	2015 nov. 1	By Bamk A/c	25,000
		25,000			25,000
			2015 Dec. 1	By Balance b/d	25,000

Dr Ledger Account Cash Account Cr

Date	Particulars	J.F.	Amount Rs.	Date	Particulars	Amount Rs.
2017 July 1	To Sankar Capital A/c		1,00,000	2017 July 9	By Wages A/c	6,000
5	To Sales A/c		10,000	19	By Salaries A/c	8,000
				20	By Advertisement A/c	4,000
				31	By Balance c/d	92,000
			1,10,000			1,10,000
2017 Aug. 1	To Balance b/d	92,000