Chapter 9 - Ledger – D.K. Goel -(Class 11 – ISC)- Solution

In this article, we have provided the Question wise solution of all Questions of Chapter No. 9 – Ledger – D.K. Goel -(Class 11 – ISC)- Solution But first of all we have explained the meaning of Ledger: –

1. What is Ledger:

These are those books of accounts, in which the accountant has to show all the transactions separately related to all types of accounts, which are already recorded in the journal Daybook. This is maintained in alphabetical order. With the help of a ledger, we can get whole information about any particular account because on which all the related journal entries are posted on the continuous pages of this book. but in the journal, all the transactions are recording date-wise, so we have to check all pages of the journal daybook and if we want to know the balance of a particular account then it is very difficult to get it from Journal.

2. Types of Ledger account:

It has three types shown as following:

1. Debtor/Sale Ledger: All customers to whom goods are sold on credit are recorded in this account.
2. Creditors/Purchase Ledger: All vendors/ suppliers from whom goods are purchased on credit are recorded in this account.
3. General Ledger: All other accounts except Debtors and creditors are recorded in this ledger. like Current assets and fixed assets, Liabilities, Incomes & Expenses, Gains & losses.

3. The format of Ledger:

It has two sides, the left side is the debit side and the right side is the credit side. the format is shown as under :

Dr.	Name of Account						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount

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What is Ledger in accounting – explain its Types

Also Check out same articel in Hindi from the following link

What is Ledger – Explained with Example – In Hindi

Chapter No. 9 – Ledger – D.K. Goel -(Class 11 – ISC)- Solution

Question wise solution of all Questions of Chapter No. 9 – Ledger – D.K. Goel -(Class 11 – ISC)- Solution are shown below: –