Advertisements
Chapters
2: Conceptual Framework of Accounting
3: Books of Prime Entry
▶ 4: Ledger
5: Trial Balance
6: Subsidiary Books - 1
7: Subsidiary Books - 2
8: Bank Reconciliation Statement
9: Rectification of Errors
10: Depreciation Accounting
11: Capital and Revenue Transactions
12: Final Accounts of Sole Proprietors - 1
13: Final Accounts of Sole Proprietors - 2
14: Computerised Accounting
![Samacheer Kalvi solutions for Accountancy [English] Class 11 TN Board chapter 4 - Ledger - Shaalaa.com](/images/accountancy-english-class-11-tn-board_6:5f2b1b2038084cf381bfa42c826a928c.jpg "Samacheer Kalvi solutions for Accountancy [English] Class 11 TN Board chapter 4 - Ledger")
Advertisements
Solutions for Chapter 4: Ledger
Below listed, you can find solutions for Chapter 4 of Tamil Nadu Board of Secondary Education Samacheer Kalvi for Accountancy [English] Class 11 TN Board.
Samacheer Kalvi solutions for Accountancy [English] Class 11 TN Board 4 Ledger Multiple 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 __________.
Casting
Posting
Journalising
Balancing
J.F means ____________.
Ledger page number
Journal page number
Voucher number
Order number
The process of finding the net amount from the totals of debit and credit columns in a ledger is known as ____________.
Casting
Posting
Journalising
Balancing
If the total of the debit side of an account exceeds the total of its credit side, it means ____________.
Credit balance
Debit balance
Nil balance
Debit and credit balance
The amount brought into the business by the proprietor should be credited to __________.
Cash account
Drawings account
Capital account
Suspense account
Samacheer Kalvi solutions for Accountancy [English] Class 11 TN Board 4 Ledger Very 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?
Samacheer Kalvi solutions for Accountancy [English] Class 11 TN Board 4 Ledger Short 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.
Samacheer Kalvi solutions for Accountancy [English] Class 11 TN Board 4 Ledger Exercises [Pages 77 - 79]
Journalise the following transactions and post them to the ledger.
| 2016 Jan. | Particulars | ₹ |
| 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.
| 2017 Aug. | Particulars | ₹ |
| 1 | Dharma started business with cash | 70,000 |
| 6 | Cash received from Ganesan | 10,000 |
| 10 | Rent paid | 3,000 |
| 20 | Received commission from Anand | 5,000 |
The following balances appeared in the books of Vinoth on Jan 1, 2018
| Assets | ₹ | Liabilities | ₹ |
| Cash | 40,000 | Amount due to Vijay | 10,000 |
| Stock | 50,000 | ||
| Amount due from Ram | 20,000 | ||
| Machinery | 40,000 |
Pass the opening journal entry and post them to Vinoth’s Capital account.
Prepare Furniture A/c from the following transactions.
| 2016 Jan | Particulars | ₹ |
| 1 | Furniture in hand | 2,000 |
| 1 | Purchased furniture for cash | 4,000 |
| 30 | Sold furniture | 400 |
The following balances appeared in the books of Kumaran on April 1, 2017.
| Assets | ₹ | Liabilities | ₹ |
| Cash | 1,00,000 | Amount due to Anush | 40,000 |
| Stock | 40,000 | Kumaran’s capital | 1,20,000 |
| Amount due from Rohit | 10,000 | ||
| Furniture | 10,000 |
Find the capital and show the ledger posting for the above opening balances.
Give journal entries and post them to cash account.
| 2016 June | Particulars | ₹ |
| 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.
| 2017 Aug. | Particulars | ₹ |
| 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.
| 2017 Oct | Particulars | ₹ |
| 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.
| 2017 Nov | Particulars |
| 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.
| 2017 July | Particulars | ₹ |
| 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:
| 2017 June | Particulars |
| 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 |
Solutions for 4: Ledger
Samacheer Kalvi solutions for Accountancy [English] Class 11 TN Board chapter 4 - Ledger
Shaalaa.com has the Tamil Nadu Board of Secondary Education Mathematics Accountancy [English] Class 11 TN Board Tamil Nadu Board of Secondary Education solutions in a manner that help students grasp basic concepts better and faster. The detailed, step-by-step solutions will help you understand the concepts better and clarify any confusion. Samacheer Kalvi solutions for Mathematics Accountancy [English] Class 11 TN Board Tamil Nadu Board of Secondary Education 4 (Ledger) include all questions with answers and detailed explanations. This will clear students' doubts about questions and improve their application skills while preparing for board exams.
Further, we at Shaalaa.com provide such solutions so students can prepare for written exams. Samacheer Kalvi textbook solutions can be a core help for self-study and provide excellent self-help guidance for students.
Concepts covered in Accountancy [English] Class 11 TN Board chapter 4 Ledger are Introduction of Ledger, Utilities of Ledger, Format of Ledger Account, Distinction Between Journal and Ledger, Procedure for Posting, Balancing of Ledger Accounts.
Using Samacheer Kalvi Accountancy [English] Class 11 TN Board solutions Ledger exercise by students is an easy way to prepare for the exams, as they involve solutions arranged chapter-wise and also page-wise. The questions involved in Samacheer Kalvi Solutions are essential questions that can be asked in the final exam. Maximum Tamil Nadu Board of Secondary Education Accountancy [English] Class 11 TN Board students prefer Samacheer Kalvi Textbook Solutions to score more in exams.
Get the free view of Chapter 4, Ledger Accountancy [English] Class 11 TN Board additional questions for Mathematics Accountancy [English] Class 11 TN Board Tamil Nadu Board of Secondary Education, and you can use Shaalaa.com to keep it handy for your exam preparation.
