Question 1

Question No 01 Chapter No 7 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 01 Chapter No 7
01. Purchased furniture for RS 30,000 for cash on 1st July 2018. Pass the necessary journal entry and post it in the ledger
The solution of Question No 01 Chapter No 7: -

Date
Particulars
L.F.
Debit
Credit

2018

Jul.1
Furniture A/c
Dr.
 
30,000

To Cash A/c
 
 
 
30,000

(Being furniture purchased for cash )

Dr.
Furniture A/c
Cr.

Date
Particulars
J.F.
Amount
Date
Particulars
J.F.
Amount

2018
 
 
 
2018

Question 2

Question No 02 Chapter No 7 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 02 Chapter No 7
02. Enter the following transaction in Journal and post them into Ledger

2015
`
Rs

Feb.1
Business started with cash
80,000

Feb.4
Deposited cash into bank
18,000

Feb.7
Salaries paid 
15,000

Feb.10
Purchased computer
25,000

The solution of Question No 02 Chapter No 7: -

Date
Particulars
L.F.
Debit
Credit

2018

Feb.1
Cash A/c
Dr.
 
80,000

To Capital A/c
 
 
 
80,000

(Being Business started with cash )

Feb.4

Question 3

Question No 03 Chapter No 7 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 03 Chapter No 7
03. Record the following transaction in the journal, post them into the ledger and find out the balance of all account

2017
`

Jan.1
Purchased goods from Naveen Rs 18,000

Jan.4
Sold goods for Rs 22,000

Jan.7
Goods destroyed by fire Rs 2,500

Jan.10
Furniture purchased from Manisha Rs 25,000

Jan. 15
Rent paid in cash Rs 3,500

Jan. 30
Cash deposited into bank Rs 4,500

The solution of Question No 03 Chapter No 7: -

Date
Particulars
L.F.
Debit
Cred

Question 4

Question No 04 Chapter No 7 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 04 Chapter No 7
04. Enter follow transaction in Journal and post them into Ledger:

2018

Dec.1
Received cheque on account of Sale Rs 2,00,000; rent Rs 40,000 and commission Rs 15,000

Dec. 25
Paid cheque on account of Interest Rs 12,000; machinery Rs 38,000and purchase of goods Rs 60,000

The solution of Question No 04 Chapter No 7: -

Date
Particulars
L.F.
Debit
Credit

2018

Dec.1
Bank A/c
Dr.
 
2,55,000

To Sale A/c
 
 
 
2,00,000

To Rent A/c

Question 5

Question No 05 Chapter No 7 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 05 Chapter No 7
05. Record the following transaction in the journal of Pratistha, post them into ledger and balance:

2019

Feb.1
Received Rs 20,000on account of sale of goods Rs 25,000 from Sulekha Rs 5,000 as interest

Feb. 14
Paid Rs 25,000 to Parvesh on account of goods purchased last year, Rs 2,000 p.m. as rent to the landlord for 9 months and interest on loan @6% p.a. on Rs 1,00,000 for 8 months

Feb. 27
Cash is withdrawn from bank Rs 22,800, additional capital introduc

Question 6

Question No 06 Chapter No 7 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 06 Chapter No 7
06. Dalbir had the following assets and liabilities as on 1st April 2019:
Stock Rs 3,000; Sundry debtors Rs 15,800; Furniture Rs 1,500; Bills receivable Rs 800; cash Rs 645; Bills payable Rs 760; Bank overdraft Rs 3,250 and Sundry creditors Rs 6,735. pass the necessary opening entry and post the same in the ledger.
The solution of Question No 06 Chapter No 7: -

Date
Particulars
L.F.
Debit
Credit

2019

Apr.1
Cash A/c
Dr.
 
645

Bills receivabl

Question 7

Question No 07 Chapter No 7 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 07 Chapter No 7
07. On 1st April 2017 the position of Amrinder Singh was as follow

Rs
 
Rs

Capital
25,500
Stock
10,100

Bills Payable
2,500
Machinery
10,000

Mrs A’s Loan
4,500
Furniture
1,000

Bank
4,400

Bills receivable
2,000

Patent right
5,000

The solution of Question No 07 Chapter No 7: -

Date
Particulars
L.F.
Debit
Credit

2017

Apr.1
Stock A/c
Dr.
 
10,100

Machinery A/c
Dr.
 
10,000

Furniture A/c
Dr.
 
1,000

B

Question 8

Question No 08 Chapter No 7 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 08 Chapter No 7
08. Journalese the following transactions, post them into the ledger and make the balancing of ledger account:

Apr. 1
Ravi commenced business with cash Rs 80,000

Apr. 6
Purchased furniture for Rs 12,000

Apr. 10
Purchased goods on credit from Dalip Rs 16,600

Apr. 12
Rent paid in cash Rs 1,800

Apr. 15
Goods sold for the cash Rs 10,000

The solution of Question No 08 Chapter No 7: -

Date
Particulars
L.F.
Debit
Credit

2019

Apr.1
Cash A/c

Question 9

Question No 09 Chapter No 7 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 09 Chapter No 7
09. From the information given below:(a) Prepare the account of Mr Small as it would appear in the books of Mr Big.

2019
 
Rs

Mar. 1
Debit balance brought forward
3,000

Mar. 7
Mr Small made credit purchases from Mr Big 
1,500

Mar. 12
Mr Small returned defective goods
150

Mar. 15
Mr Small paid on account
3,000

Mar. 30
Mr Small repaid the roof of Mr Big's premises and agrees to adjust the value of this work in his account Rs 530

(b) What does the balanc

Question 10

Question No 10 Chapter No 7 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 10 Chapter No 7
10. From the following information, prepare Somesh's Account, balance it and explain what does the closing balance indicate?

2018
 
Rs

Jan. 1
Opening Balance (Dr)
12,300

Jan. 10
Sold goods to him
67,000

Jan. 15
Received cash from him
30,000

Jan. 20
He returned goods
50,000

Jan. 23
Purchased furniture from him
90,000

Jan.29
Paid by cheque
60,000

The solution of Question No 10 Chapter No 7: -

Dr.
Somesh's A/c
Cr.

Date
Particulars
J.F.
Amount
Date

Question 11

Question No 11 Chapter No 7 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 11 Chapter No 7
11. Pass journal entries and prepare only Furniture Account:

2019
 
Rs

Jan. 1
Purchased furniture for cash from Akhil
18,000

Jan. 15
Purchased furniture on credit from Sumesh
12,000

Jan. 26
Depreciate furniture
250

Jan. 28
Furniture withdrew for personal use.
1,000

Jan. 31
Furniture coating Rs 4,000 sold for Rs 4,600

The solution of Question No 11 Chapter No 7: -

Date
Particulars
L.F.
Debit
Credit

2018

Jan.1
Furniture A/c
Dr.
 
18,0

Question 12

Question No 12 Chapter No 7 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 12 Chapter No 7
12. Pass journal entries and prepare Machinery Account:

2019

Mar. 1
Purchased Machinery for Cash Rs 35,000.

installation charges paid Rs 2,500

Mar. 7
Purchased machinery on credit from Tahira RS 52,000

installation charges paid by cheque Rs 1,000

Mar. 12
Machinery of the book value of Rs 12,000 sold for Rs 15,000

Mar. 16
Machinery of the book value of Rs 20,000 sold for Rs 17,500

Mar. 23
Machinery withdrew for personal use Rs 7,000

Mar. 30
De

Question 13

Question No 13 Chapter No 7 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 13 Chapter No 7
13. Pass journal entries and prepare only Stationery Account:

2018
 
Rs

Feb. 1
Opening balance of Stationery
3,000

Feb. 9
Purchased stationery for cash 
18,500

Feb. 19
Purchased stationery on credit from Bose
10,200

Feb. 23
Stationery  purchased by cheque
8,400

Feb. 28
Stock of stationery
5,100

The solution of Question No 13 Chapter No 7: -
Journal

Date
Particulars
L.F.
Debit
Credit

2018

Feb.1
No entry

Question 14

Question No 14 Chapter No 7 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 14 Chapter No 7
14. From the following particulars, prepare the proprietor's capital

2018
 
Rs

Apr. 1
Started business with 
45,000

May. 10
Withdrawn from the bank for personal use
10,000

Jul. 15
Further capital introduced 
55,000

Aug. 20
Goods are withdrawn for personal use
4,000

Sep. 21
Life insurance premium paid 
5,000

Nov. 24
Income tax paid
12,000

2019

Mar. 31
Profit for the year 
36,000

The solution of Question No 14 Chapter No 7: -

Dr.
Capital A

Question 15

Question No 15 Chapter No 7 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 15 Chapter No 7
15. Are the following journal entries correctly made? If not, give correct entries and post them into respective accounts.

Dr
Cr

(a)
Wages A/c
Dr.
300

To Hari
 
 
300

(Being wages paid to Hari)

(b)
Cash A/c
Dr.
9,000

To Sweta
 
 
9,000

(Being cash received from Upkar on behalf of Poonam)

(c)
Cash A/c
Dr.
7,000

To Upkar’s a/c
 
 
7,000

(Being cash received from upkar on behalf of Poonam)

(d)
Purchases A/

Question 16

Question No 16 Chapter No 7 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 16 Chapter No 7
16. The following Cash Account is prepared by non-commerce students. You are required to check the entries made in this account and find out the revised balance.

Date
Particular
L.F
Amount
Date
Particular
L.F
Amount

2018
 
 
Rs 
2018
 
 
Rs

Jan. 8
To Ashok ( cash purchase)
 
1,800
Jan. 1
By Balance b/d
 
10,000

Jan. 15
To Sunil (Credit sale)
 
1,000
Jan. 2
By Sale A/c ( cash)
 
3,000

Jan. 18
To Machinery A/c
 
900
Jan. 6
By Anil
 
1,500

(machinery repa

Question 17

Question No 17 Chapter No 7 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 17 Chapter No 7
17. Pass journal entries from the following transaction in the book of Kartik and post them into the ledger

Date
Particular
Amount

2017

Dec. 1
Started business with cash 
20,000

Dec. 3
Purchased goods for cash 
5,000

Dec. 4
Cash received from Dilshan
3,000

Dec. 6
Cash deposited into bank
2,500

Dec. 7
Cash sale
1,800

Dec. 9
Salary purchased from Muralitharan
6,000

Dec. 12
Paid cash for Stationary
700

Dec. 18
Paid cash to Mubarak in full settle

Question 18

Question No 18 Chapter No 7 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 18 Chapter No 7
18. Journalese the following transaction, post them in the ledger and extract balances:

Date
Particular

2019

Jan. 1
Purshottam commenced business with cash Rs 80,000 and furniture Rs 30,000

Jan. 10
Deposited cash into bank Rs 18,000

Jan. 18
Purchased goods on credit from Dina Pathak Rs 25,000

Feb. 16
Cash paid to Dina Pathak Rs 16,600 and discount earned Rs400

Mar. 24
Purchased stationery from Supriya Rs 6,500

Mar. 30
Rent paid to Supriya Rs 9,000

Question 19

Question No 19 Chapter No 7 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 19 Chapter No 7
19. Journalese the following transaction, post them in the ledger and extract balances:

Date
Particular

2018

Apr. 1
Santosh started business with cash Rs 35,000 ; Machinery Rs 25,000 and furniture Rs 15,000

Apr. 10
Machinery costing Rs18,000 sold for Rs 20,000

Apr. 26
Furniture costing Rs 10,000 sold for Rs 9,000

May. 12
Cash is withdrawn by the proprietor for personal use Rs 16,600

May. 31
Furniture costing Rs 4,000 withdrawn by the proprietor for p

Question 20

Question No 20 Chapter No 7 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 20 Chapter No 7
20. Recode the following transactions in the journal of Pranab Mukherjee and post them into Ledger

Date

2018

Apr. 1
Commenced business with cash Rs 6,00,000

Jun. 21
Deposited cash into bank Rs 2,00,000

Jul. 24
Purchased goods costing Rs 80,000 plus 2.5% CGST and SGST in cash

Aug. 18
Sold goods for Rs 50,000 to Indian outside the state at 5% GST

Sep. 16
Purchased furniture costing Rs 32,000 plus, 2.5% CGST and SGST by cheque

Oct. 25
Goods are give

USHA Publication +1 Elements of Book-Keeping Solutions Chapter No. 7 - Ledger

Quick Chapter Summary & Cheat Sheet

💡 Ledger Posting & Balancing Rules

Topics & Questions Solved:

Question No 01 Chapter No 7 - USHA Publication 11 Class

The solution of Question No 01 Chapter No 7: -

Usha Publication - Elements of Book-Keeping PSEB (Class 11) - Solution

Question No 02 Chapter No 7 - USHA Publication 11 Class

Question No 03 Chapter No 7 - USHA Publication 11 Class

Question No 04 Chapter No 7 - USHA Publication 11 Class

Question No 05 Chapter No 7 - USHA Publication 11 Class

Question No 06 Chapter No 7 - USHA Publication 11 Class

Question No 07 Chapter No 7 - USHA Publication 11 Class

Question No 08 Chapter No 7 - USHA Publication 11 Class

Question No 09 Chapter No 7 - USHA Publication 11 Class

Question No 10 Chapter No 7 - USHA Publication 11 Class

Question No 11 Chapter No 7 - USHA Publication 11 Class

Question No 12 Chapter No 7 - USHA Publication 11 Class

Question No 13 Chapter No 7 - USHA Publication 11 Class

Question No 14 Chapter No 7 - USHA Publication 11 Class

Question No 15 Chapter No 7 - USHA Publication 11 Class

Question No 16 Chapter No 7 - USHA Publication 11 Class

Question No 17 Chapter No 7 - USHA Publication 11 Class

Question No 18 Chapter No 7 - USHA Publication 11 Class

Question No 19 Chapter No 7 - USHA Publication 11 Class

Question No 20 Chapter No 7 - USHA Publication 11 Class

Question No 21 Chapter No 7 - USHA Publication 11 Class

Sarbjit SinghB.Com and M.Com

Date	Particulars		Debit	Credit

2018
Jul.1	Furniture A/c	Dr.	30,000
	To Cash A/c			30,000
	(Being furniture purchased for cash )

Date	Particulars	Amount	Date	Particulars	Amount
Dr.	Furniture A/c				Cr.
2018			2018
Jul. 1	To Cash A/c	30,000
			Jul. 31	By Balance C/d	30,000
		30,000			30,000

Date	Particulars	Amount	Date	Particulars	Amount
Dr.	Cash A/c				Cr.
2018			2018
			Jul. 1	By Furniture A/c	30,000
Jul. 31	By Balance C/d	30,000
		30,000			30,000