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    11th Book Keeping and Accounting

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    Alefiya Burhani
    1. The document provides instructions to prepare ledger accounts and balances from transactions, including opening balances, purchases, sales, payments, and receipts. 2. Additional transactions are provided for April 2011, including cash sales, purchases, credit sales, credit purchases, capital additions, payment of wages, and payments into and out of bank. Ledger accounts are to be prepared and balanced. 3. The questions define a ledger, debit balance, and trial balance. Substitutes are requested for debit balance to personal accounts, left hand side of accounts, and a statement prepared from ledger balances. Blanks ask about creditor balances, trial balance accuracy, cost of goods sold at a profit, and the right side

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    © All Rights Reserved
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    11th Book Keeping and Accounting

    Uploaded by

    Alefiya Burhani
    40 views2 pages
    1. The document provides instructions to prepare ledger accounts and balances from transactions, including opening balances, purchases, sales, payments, and receipts. 2. Additional transactions are provided for April 2011, including cash sales, purchases, credit sales, credit purchases, capital additions, payment of wages, and payments into and out of bank. Ledger accounts are to be prepared and balanced. 3. The questions define a ledger, debit balance, and trial balance. Substitutes are requested for debit balance to personal accounts, left hand side of accounts, and a statement prepared from ledger balances. Blanks ask about creditor balances, trial balance accuracy, cost of goods sold at a profit, and the right side

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    11 state board practice question

    Original Title

    11th Book keeping and Accounting

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    1. The document provides instructions to prepare ledger accounts and balances from transactions, including opening balances, purchases, sales, payments, and receipts. 2. Additional transactions are provided for April 2011, including cash sales, purchases, credit sales, credit purchases, capital additions, payment of wages, and payments into and out of bank. Ledger accounts are to be prepared and balanced. 3. The questions define a ledger, debit balance, and trial balance. Substitutes are requested for debit balance to personal accounts, left hand side of accounts, and a statement prepared from ledger balances. Blanks ask about creditor balances, trial balance accuracy, cost of goods sold at a profit, and the right side

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    40 views2 pages

    11th Book Keeping and Accounting

    Uploaded by

    Alefiya Burhani
    1. The document provides instructions to prepare ledger accounts and balances from transactions, including opening balances, purchases, sales, payments, and receipts. 2. Additional transactions are provided for April 2011, including cash sales, purchases, credit sales, credit purchases, capital additions, payment of wages, and payments into and out of bank. Ledger accounts are to be prepared and balanced. 3. The questions define a ledger, debit balance, and trial balance. Substitutes are requested for debit balance to personal accounts, left hand side of accounts, and a statement prepared from ledger balances. Blanks ask about creditor balances, trial balance accuracy, cost of goods sold at a profit, and the right side

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    XI State Board

    Book Keeping and Accountancy


    Chapter: Ledger

    Duration: 90Min. Marks: 30

    1. From the following transactions prepare necessary ledger accounts and balance them.
    (10M)

    2011 1 Sachin started Business with Cash Rs 10,000 and


    Jan. Machinery Rs 15,000
    1 Purchased goods for cash Rs 3,000.
    3 Sold goods for cash Rs 4,000.
    5 Purchased furniture on credit from Poona Traders Rs
    7,000.
    8 Purchased goods on credit from Mr. Dilip Rs 2,000
    at 10% T.D.
    10 Sold goods on credit to Mr. Mahendra Rs 8,000 at
    12.5% T.D.
    15 Paid Rent Rs 600.
    28 Withdraw cash for personal use Rs 1,000.
    20 Paid cash to Mr. Dilip Rs 1,800.
    25 Received cash from Mr. Mahendra Rs 6,800.
    31 Paid to Miss Sunita Rs 400 for salaries
    2. Following balances appeared in the books of Miss Sonali as on April 1, 2011. (10M)

    Debit Credit
    Particulars
    Balance Rs Balance Rs

    Cash A/c 3,000


    Sanjay A/c 2,000
    Vijay A/c 5,000
    Capital A/c 10,000
    Machinery A/c 8,000
    Outstanding Wages A/c 500
    Bank A/c 2,500
    15,500 15,500

    P.T.O
    Transactions:

    2011 1 Cash Sales Rs 4000.


    Apr. 2 Cash Purchases Rs 1,500.
    6 Sold goods on credit to Sanjay Rs 1,800. Purchased goods on
    8 credit from Vijay Rs 700. Brought additional Capital in Cash Rs
    8,000. Paid Outstanding wages in full.
    10
    Received cash from Sanjay Rs 3,600.
    15
    Paid cash Rs 5,500 to Vijay in full settlement of his A/c.
    20
    Paid cash into Bank in excess of Rs 1,100.
    21 Paid cash Rs 5,500 to Vijay in full settlement of his A/c.
    30 Paid cash into Bank in excess of Rs 1,100.

    Prepare necessary ledger accounts and balance them. ii) Prepare statement of debit and credit
    balances / Trial Balance.

    3. Answer in one sentence : (3M)


    1. What is ledger?
    2. State the meaning of Debit balance.
    3. What is trial balance.

    4. Write the word ,term and phrase which can substitute each of the following statements:(3M)
    1. A debit balance to personal accounts.
    2. Left hand side of an accounts.
    3. A statement of Accounts prepared from the balance of Ledgers accounts.

    5. Fill in the blanks : (4M)

    1. Creditors show----------------------------Balance.
    2. The Trial Balance show only-----------------------------accuracy.
    3. Sold goods of Rs. 24000 at 20% profit on cost , the purchase price of the Goods
    is-------------
    4. The right hand side of an account is called ----------------------------------------------------.

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