Pass the necessary journal entries and ledg
11. Renuka owes Vipasha 4,000. On Ist May
months for the amount due. Vipasha gets t
6% p.a. On the due date, the bill was duly h
Give journal entries in the books of Renuka,
Endorsement
12. Sohail sold goods to Arbaz for * 2,000 on 18
U
Answers
Explanation:
Textbook Solutions Class 11 Accountancy Ledger
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Page No 13.57:
Question 1:
Journalise the following transactions, post them into Ledger, balance the accounts and prepare a Trial Balance :−
2017
(₹)
March 1 Shyam Sunder & Sons commenced business with cash 80,000
2 Purchased goods for cash 36,000
3 Machinery purchased for cash 4,000
4 Purchased goods from :
Raghu
22,000
Dilip
30,000
6 Returned goods to Raghu 4,000
8 Paid to Raghu, in full settlement of his account 17,500
10 Sold goods to Mahesh Chand & Co. for ₹ 32,000 at 5% trade discount
13 Received cash from Mahesh Chand & Co. 19,800
Discount allowed 200
15 Paid cash to Dilip 14,850
Discount received 150
20 Sold goods for cash 25,000
24 Sold goods for cash to Sudhir Ltd. 18,000
25 Paid for Rent 1,500
26 Received for Commission 2,000
28 Withdrew by Proprietor for his personal use 5,000
28 Purchased a fan for Proprietor's house 1,200
ANSWER:
Journal
In the Books of…
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
2017
Mar. 01 Cash A/c Dr. 80,000
To Capital A/c 80,000
(Business started with cash)
Mar. 02 Purchases A/c Dr. 36,000
To Cash A/c 36,000
(Goods purchased for cash)
Mar. 03 Machinery A/c Dr. 4,000
To Cash A/c 4,000
(Machinery purchased for cash)
Mar. 04 Purchases A/c Dr. 52,000
To Raghu’s A/c 22,000
To Dilip’s A/c 30,000
(Goods purchased on credit from Raghu and Dilip)
Mar. 06 Raghu’s A/c Dr. 4,000
To Purchases Return A/c 4,000
(Goods returned to Raghu)
Mar. 08 Raghu’s A/c Dr. 18,000
To Cash A/c 17,500
To Discount Received A/c 500
(Cash paid to Raghu in full settlement)
Mar. 10 Mahesh Chand & Co. Dr. 30,400
To Sales A/c 30,400
(Goods sold to Mahesh Chand & Co. at trade discount)
Mar. 13 Cash A/c Dr. 19,800
Discount Allowed A/c 200
To Mahesh Chand & Co. 20,000
(Cash received from Mahesh Chand & Co.)
Mar. 15 Dilip’s A/c Dr. 15,000
To Cash A/c 14,850
To Discount Received A/c 150
(Cash paid to Dilip)
Mar. 20 Cash A/c Dr. 25,000
To Sales A/c 25,000
(Goods sold for cash)
Mar. 24 Cash A/c Dr. 18,000
To Sales A/c 18,000
(Goods sold for cash)
Mar. 25 Rent A/c Dr. 1,500
To Cash A/c 1,500
(Rent paid)
Mar. 26 Cash A/c Dr. 2,000
To Commission A/c 2,000
(Commission received)
Mar. 28 Drawings A/c Dr. 6,200
To Cash A/c 6,200
(Cash withdrawn and fan purchased for personal use)
TOTAL 3,12,100 3,12,100
Cash Account
Dr. Cr.
Date Particulars J.F. Amount (Rs) Date Particulars J.F. Amount (Rs)
2017 2017
Mar.01 Capital A/c 80,000 Mar.02 Purchases A/c 36,000
Mar.13 Mahesh Chand & Co. 19,800 Mar.03 Machinery A/c 4,000
Mar.20 Sales A/c 25,000 Mar.08 Raghu’s A/c 17,500
Mar.24 Sales A/c 18,000 Mar.15 Dilip’s A/c 14,850
Mar.26 Commission A/c 2,000 Mar.25 Rent A/c 1,500
Mar.28 Drawings A/c 6,200
Mar.31 Balance c/d 64,750
1,44,800 1,44,800
2017
Apr.01 Balance b/d 64,750
Capital Account
Dr. Cr.
Date Particulars J.F. Amount (Rs) Date Particulars J.F. Amount
(Rs)
2017 2017
Mar.31 Balance c/d 80,000 Mar.01 Cash A/c 80,000
80,000 80,000
2017
Apr.01 Balance b/d 80,000