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:

Question 2:

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:

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.

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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.

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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.

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Numerical Questions:

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Journal Entries in the Books of Ram & Shyam

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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.

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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.

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