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11th Standard English Medium Accountancy Subject Ledger Creative 5 Mark Questions with Solution Part - I

11th Standard

    Reg.No. :
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Accountancy

Time : 00:30:00 Hrs
Total Marks : 15
    5 x 5 = 25
  1. Journalise the following transactions of Mr. Ravi and post them in the ledger and balance the same.

    2016 June .
    1 Ravi invested Rs. 5,00,000 cash in the business.
    3 Paid into Bank Rs. 80,000
    5 Purchased building for Rs. 3,00,00
    10 Sold goods for Rs. 80,000
    15 Withdrew cash from bank Rs. 10,000
    30 Paid Salary Rs. 15,000
  2. Journalise the following transactions in Tmt. Rani's Journal and post them to ledger.

    2003 Sep   Rs
    1 Tmt. Rani started business with 3,00,000
    5 Opened a current account with Indian Overseas Bank 50,000
    12 Bought goods from Tmt. Sumathi 90,000
    18 Paid to Tmt. Sumathi 90,000
    20 Sold goods to Tmt. Chitra 1,26,000
    28 Tmt. Chitra settled her accounts  
  3. Journalise the following transactions in Thiru. Kumaran books and post them to ledger.

    2013Aug.   Rs
    5 Sold goods to Arumugam on Credit 17,500
    9 Bought good for cash from Chellapan 22,500
    12 Met Travelling expenses 2,500
    15 Received 80,000 from Sivakumar as loan  
    21 Paid wages to workers 3,000
  4. Post the following transactions directly in the ledger.

    2014 May   Rs
    1 Started business with cash 50,000
    5 Bought goods from Chandrasekar on Credit for 15,000
    8 Sold Goods to Nehru on Credit for 25,000
    10 Goods returned to Chandrasekar 500
    15 Goods returned from Nehru 2,500
    20 Settled Chandrasekar's Account  
    25 Nehru settled his Account  
  5. Post the following transations direct into ledger of Mr. Ratnakumar.

    2017 July   Rs
    1 Started business with 60,000
    5 Cash paid into Bank 20,000
    7 Withdrew cash Rs 5,000 for office use  
    8 Withdrew by cheque for personal use 500
    10 Paid Salaries by cheque 3,000
    15 Furniture purchased by cheque 5,000

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