Read below DK Goel Solutions Class 11 Chapter 13 Ledger. These answers have been developed based on the latest Class 11 DK Goel Accountancy book used by commerce stream students issued for current year and the questions given in each chapter.

This chapter of DK Goel Accounting Solutions presents contains almost 13 types of numerical problems on Ledger Posting, this will also give you more understanding about how to understand ledgers and what type of entries get displayed in ledgers.

The chapter also contains a lot of questions that can be very helpful to understand the concepts for Class 11 commerce students of Accountancy and will also help build a strong foundation.

DK Goel Solutions Class 11 Chapter 13 solutions are free and will help you to prepare for Class 11 Accountancy. Just scroll down and read through the answers provided below

Ledger DK Goel Class 11 Accountancy Solutions

Students can refer below for solutions for all questions given in your DK Goel Accountancy Textbook for Class 11 in Chapter 13

Short Answer Questions for DK Goel Solutions Class 11 Chapter 13

Question 1: Distinguish between Journal and Ledger.

Question 2: Enumerate four advantages of Ledger.

Solution 2:
The benefits of the ledger are below:—
(1) In this book, all accounts are opened on different pages. Therefore, in one position in the register, all transactions relating to an account are collected.
(2) Using ledger balances, a trail balance may be prepared, which helps to assess the arithmetical consistency of the accounts.
(3) Only with the aid of ledger balances will a trade and benefit and loss account be planned.
(4) The balance sheet can also be prepared by means of ledger balances reflecting the company’s financial condition.

Question 3: What are the rules of posting in the Ledger?

Solution 3:
The rules for posting in the ledger as below:-
I All account-related transactions should be reported in one location. There should be no opening of two separate accounts for posting transactions relating to the same account.
(ii) Before accounts that occur on the debit side of an account, the term ‘On’ is used. Similarly, before the accounts that exist on the credit side of an invoice, the expression ‘By’ is used.
(iii) If an account has been debited in the journal entry, it should also be posted in the ledger on the debit side of that account. The name of the other account that was credited in the journal entry should be written for comparison in the data columns.

Question 4: What are the purposes of posting J.F. number at the time entries are posted to the accounts.

Solution 4: The full form of J.F. is Journal Folio. Purpose of posting J.F. number is that it provides a ready reference for tracing the page of journal from where the entry has been posted.

Question 5: Explain the procedure of balancing the personal accounts.

Solution 5: An account is balanced when we have to apply either debit or credit to the larger side, whichever it might be, and write the larger one on the parallel column.

A debit column if it is greater than the column for credit. On the credit line, the disparity is written as ‘By Balance c/d’. In the two columns facing each other, the totals are first entered and then the balance is written as ‘To Balance b/d’ on the debit side to indicate the debit balance in hand at the beginning of the next date or vice versa on the credit balance.

Question 6: Prepare a Compound Entry with the help of imaginary figures and show in posting.

Question 7: Prepare on Opening Entry with the help of imaginary figures and show its posting.

Solution 7:

Question 8: Prepare a Purchase Book with atleast two in it and show its posting.

Solution 8:

Question 9: Prepare a Sales Book with atleast two items in it and show its posting.

Numerical Questions:

Question 1: Journalise the following transactions, post them into Ledger, balance the accounts and prepare a Trial Balance:−

2017		(Rs.)
Mar-01	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 Rs. 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

Solution 1:

Question 2: Following balances appeared in the books of Ram & Shyam on January 1, 2017 :−
Assets : Cash in hand Rs. 30,000; Stock Rs. 36,000; Lal Chand Rs. 7,600; Mukesh Khanna Rs. 16,200; Furniture Rs. 8,000.
Liabilities : Ghanshyam Rs. 6,000; Vinod Rs. 8,000.
Following transactions took place during Jan. 2017 :−

2017
Jan. 2	Purchased Typewriter for Rs. 7,500.
4	Sold goods for Cash of the list price of Rs. 25,000 at 20% trade discount and 5% Cash discount.
6	Sold goods to Gopal Seth for Rs. 10,000.
8	Gopal Seth returned goods for Rs. 1,500.
12	Purchased goods from Arun Rs. 12,000; and from Varun Rs. 15,000.
13	Settled Arun’s account in full after deducting 5% for cash discount.
14	Paid cash to Ghanshyam in full settlement of his account.
16	Received Rs. 7,500 from Lal Chand in full settlement of his account.
17	Purchased a Scooter for office use Rs. 18,000.
20	Sold goods for cash Rs. 20,000.
22	Received from Gopal Seth Rs. 4,850 and discount allowed Rs. 150.
27	Paid for Wages Rs. 7,000 and Salaries Rs. 3,000.
28	Withdrew goods for Rs. 2,000 and Cash Rs. 1,500 for private use.
29	Paid for Life Insurance Premium of the Proprietor Rs. 1,600.

Journalise the above transactions, post them into Ledger, balance them and prepare a Trial Balance.

Solution 2:

Journal Entries in the Books of Ram & Shyam

Question 3: Prepare Journal Entries of the following postings :-

Solution 3:

Question 4: Enter the following transactions in a Double Column Cash Book and Journal Proper and post them into Ledger:-

Solution 4: Cash Book

Point in mind (DK Goel Solutions Class 11 Chapter 13) :-

1. Identify in the Ledger the account to be debited.
2. Enter the date of the transaction in the ‘Date’ column on the debit side of the account.
3. Write the name of the account which has been credited in the respective entry in the ‘Particulars’ column on the debit side of the amount as ‘To (name of account credited)’.
4. Record the page number of the Journal where the entry exists in the Journal folio (J,F.) column.
5. Enter the relevant amount in the ‘Amount’ column on the debit side.

Question 5: Record the following transaction in the Purchases Book of Modern Furniture House, New Delhi assuming CGST @ 6% and SGST @ 6% and post it into Ledger:

Solution 5:

Question 6: Record the following transaction in the Sales Book of Karunakaran & Sons, Chennai (Tamilnadu) assuming CGST @ 90% and SGST @ 9% and post them into Ledger :-

Solution 6:

Question 7: Enter the following transactions in Return Outward Book of Modern Furniture House, Udaipur (Rajasthan) assuming CGST @ 6% and SGST @ 6% and post it into Ledger:-

2017
Nov. 7	Returned to Sachdeva Furniture Store, Ahmedabad (Gujarat) :
	5 Chairs @ Rs. 2,000 each
	1 Table for Rs. 15,000
	Less: 10% Trade Discount
22	Returned 8 Chairs to India Furniture House, Jodhpur  (Rajasthan) @ Rs. 1,500 each, being not of specified quality.
24	Returned one Dining Table to Arora & Co., Jaipur (Rajasthan) being not according to sample Rs. 50,000.
28	Allowance claimed from Delhi Furniture Shop, Ahmedabad (Gujarat) on account of mistake in the invoice Rs. 16,000.

Solution 7:

Question 8: Enter the following transactions in Return Inward Book of M/s Kanitkar & Co. of Mumbai (Maharashtra) assuming CGST @ 2.5% and SGST @ 2.5% and post it into Ledger:

2018
Jan. 5	Goods returned to us by Giriraj & Co., Pune (Maharashtra) worth Rs. 40,000, less 10% trade discount.
10	Shah Brothers, Jaipur (Rajasthan) returned goods, being not according to sample Rs. 30,000.
16	Allowance claimed by Jai Singh & Co., Mathura (U.P) on account of a mistake in the invoice Rs. 10,000.
20	Good returned by Gopalsons, Mumbai being defective Rs. 20,000.

Solution 8:

Question 9: Enter the following transactions in proper Subsidiary Books and post them into Ledger:−

2017
Mar-02	Purchased from Navrang Traders for Rs. 8,300
3	Sold goods to Rohan for Rs. 3,200
5	Bought of Ruchi Traders for Rs. 12,100
8	Rohan returns the goods for Rs. 60
10	Purchased goods from Jaipur Stores of the list price of Rs. 15,400 less 5% Trade Discount
12	Sold goods to Arun Traders for Rs. 18,000 less 15% Trade Discount
12	Bought of Amit Traders for Rs. 10,000
16	Purchased Machinery from Kirloskar Ltd. Rs. 20,000
18	Returned goods to Jaipur Stores for Rs. 800 less 5% Trade Discount.
19	Arun Traders returned goods for Rs. 3,000, less 15% Trade Discount
20	Sales to Kalpna & Co. for Rs. 14,700
22	Purchased goods from Navrang Traders Rs. 25,000
25	Returns outward to Navrang Traders for Rs. 1,200
26	Sales to Rupa Traders for Rs. 10,000 less 10% Trade Discount
29	Returns inward from Kalpana & Co. for Rs. 2,000

Solution 9:

Question 10:
Enter the following transactions in subsidiary books, post them into Ledger and prepare a Trial Balance:
The following balances existed in Sunil Bros. books on April 1, 2017:
Assets : Cash in hand Rs. 27,500; Bank Balance Rs. 40,000; Debtors : Ashok Rs. 18,000, Bahadur Rs. 25,000, Charu Rs. 30,000; Stock Rs. 1,60,000 and Furniture Rs. 40,000.
Liabilities : Creditors : Dinesh Rs. 20,000 and Ekta Rs. 15,000.

Solution 10:

Solution 11:

Point of Knowledge (DK Goel Solutions Class 11 Chapter 13) :-
Journal Folio (J.F.) Column in the ledger records Page No. of the journal from which the posting to the Ledger has taken place. Purpose of posting J.F. number is that it provides a ready reference for tracing the page of journal from where the entry has been posted.

Question 12: Enter the following transactions in proper Subsidiary Books, post them into Ledger Accounts, balance the accounts and prepare a Trial Balance :

2017
Jan. 1	Assets :	Cash in hand Rs. 20,000; Debtors : Sri Gopal Rs. 15,000, Poonam & Co. Rs. 30,000; Stock Rs. 1,75,000, Machinery Rs. 1,20,000; Furniture Rs. 40,000.
	Liabilities:	Bank Overdraft Rs. 33,000; Creditors : Niranjan Lal Rs. 24,000, Bombay Trading Co. Rs. 16,000.
Jan. 2		Purchased from Manohar Lal & Sons goods of the list price of Rs. 20,000 at 10% trade discount.
5		Returned to Manohar Lal & sons goods of the list price of Rs. 2,000.
10		Issued a Cheque to Manohar Lal & Sons in full settlement of their account.
12		Sold to Sri Gopal, goods worth Rs. 25,000.
15		Received Cash Rs. 10,000 and a Cheque for Rs. 8,000 from Sir Gopal. The Cheque was immediately sent to bank.
16		Withdrew for personal use : Cash Rs. 5,000 and goods Rs. 3,000.
17		Accepted a bill for 45 days drawn by Niranjan Lal for the amount due to him.
18		Acceptance received from Poonam & Co. for the amount due from them payable after 30 days.
19		Sold to Raghubir Brothers, goods valued Rs. 16,000.
20		Cash purchases Rs. 15,000.
22		Withdrew from bank fo office use Rs. 10,000.
23		Purchased from Bombay Trading Co., goods valued Rs. 24,000.
24		Sri Gopal returned goods worth Rs. 2,000.
25		Received from Raghubir Brothers Rs. 10,000.
27		Accepted a bill for Rs. 25,000 for 1 month drawn by Bombay Trading Co.
27		Paid Rent by Cheque Rs. 2,800.
		Received Commission in Cash Rs. 800.
31		Paid salaries Rs. 5,000.

Solution 12: