Chapter No. 7 – Ledger – USHA Publication Class +1 – Solution

Chapter No. 7 – Ledger - USHA Publication Class +1 - Solution

We have explained the whole topic of the ledger in the following parts to understand to proper meaning and utilization of it in financial accounting.

What is Ledger:

Ledger is a book in which we record all business transactions of each and every account in a separate ledger account. In other words, It is the summary of the single account. So we have to create a separate ledger for each and every account which are already created while recording journal entries.

These accounts are maintained in alphabetical order. With the help of the ledger accounts, we can get whole information about any particular account because all the related journal entries to the particular account are posted on the continuous pages of this book.

In the ledger accounts, we have to record date wise transactions related to a particular account, but in the journal, all the transactions are recorded only date wise and the name of the account has ignored. So if we want to know the balance of a particular account then it is very difficult to get it from Journal because we have to check and find out all transactions related to the particular accounts from all pages of the journal daybook.

Ledger accounts also have opening and closing balances but the journal doesn’t have.

Check out the full article: –

What is Ledger in accounting – explain its Types

Chapter No. 7 – Ledger – USHA Publication Class +1 – Solution

Question wise solution of the all Questions of Chapter No. 7 – Ledger – USHA Publication Class +1 – Solutions are shown below: –

Q 01 CH 7 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 7 – Ledger - USHA Publication Class +1 - Solution
Question No 01 Chapter No 7 01. Purchased furniture for RS 30,000 for cash on 1st July 2018. Pass the ...
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Q 02 CH 7 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 7 – Ledger - USHA Publication Class +1 - Solution
Question No 02 Chapter No 7 02. Enter the following transaction in Journal and post them into Ledger 2015 ` ...
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Q 03 CH 7 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 7 – Ledger - USHA Publication Class +1 - Solution
Question No 03 Chapter No 7 03. Record the following transaction in the journal, post them into the ledger and ...
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Q 04 CH 7 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 7 – Ledger - USHA Publication Class +1 - Solution
Question No 04 Chapter No 7 04. Enter follow transaction in Journal and post them into Ledger: 2018   Dec.1 ...
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Q 05 CH 7 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 7 – Ledger - USHA Publication Class +1 - Solution
Question No 05 Chapter No 7 05. Record the following transaction in the journal of Pratistha, post them into ledger ...
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Q 06 CH 7 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 7 – Ledger - USHA Publication Class +1 - Solution
Question No 06 Chapter No 7 06. Dalbir had the following assets and liabilities as on 1st April 2015: Stock ...
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Q 07 CH 7 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 7 – Ledger - USHA Publication Class +1 - Solution
Question No 07 Chapter No 7 07. On 1st April 2017 the position of Amrinder Singh was as follow   ...
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Q 08 CH 7 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 7 – Ledger - USHA Publication Class +1 - Solution
Question No 08 Chapter No 7 08. Journalese the following transactions, post them into the ledger and make the balancing ...
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Q 09 CH 7 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 7 – Ledger - USHA Publication Class +1 - Solution
Question No 09 Chapter No 7 09. From the information given below:(a) Prepare the account of Mr Small as it ...
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Q 10 CH 7 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 7 – Ledger - USHA Publication Class +1 - Solution
Question No 10 Chapter No 7 10. From the following information, prepare Somesh's Account, balance it and explain what does ...
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Q 11 CH 7 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 7 – Ledger - USHA Publication Class +1 - Solution
Question No 11 Chapter No 7 11. Pass journal entries and prepare only Furniture Account: 2019   Rs Jan. 1 ...
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Q 12 CH 7 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 7 – Ledger - USHA Publication Class +1 - Solution
Question No 12 Chapter No 7 12. Pass journal entries and prepare Machinery Account: 2019   Mar. 1 Purchased Machinery ...
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Q 13 CH 7 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 7 – Ledger - USHA Publication Class +1 - Solution
Question No 13 Chapter No 7 13. Pass journal entries and prepare only Stationery Account: 2018   Rs Feb. 1 ...
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Q 14 CH 7 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 7 – Ledger - USHA Publication Class +1 - Solution
Question No 14 Chapter No 7 14. From the following particulars, prepare the proprietor's capital 2018   Rs Apr. 1 ...
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Q 15 CH 7 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 7 – Ledger - USHA Publication Class +1 - Solution
Question No 15 Chapter No 7 15. Are the following journal entries correctly made? If not, give correct entries and ...
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Q 16 CH 7 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 7 – Ledger - USHA Publication Class +1 - Solution
Question No 16 Chapter No 7 16. The following Cash Account is prepared by non-commerce students. You are required to ...
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Q 17 CH 7 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 7 – Ledger - USHA Publication Class +1 - Solution
Question No 17 Chapter No 7 17. Pass journal entries from the following transaction in the book of Kartik and ...
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Q 18 CH 7 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 7 – Ledger - USHA Publication Class +1 - Solution
Question No 18 Chapter No 7 18. Journalese the following transaction, post them in the ledger and extract balances: Date ...
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Q 19 CH 7 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 7 – Ledger - USHA Publication Class +1 - Solution
Question No 19 Chapter No 7 19. Journalese the following transaction, post them in the ledger and extract balances: Date ...
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Q 20 CH 7 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 7 – Ledger - USHA Publication Class +1 - Solution
Question No 20 Chapter No 7 20. Recode the following transactions in the journal of Pranab Mukherjee and post them ...
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Q 21 CH 7 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 7 – Ledger - USHA Publication Class +1 - Solution
Question No 21 Chapter No 7 21. Record the following transaction in the journal of R.Venkataraman and post it to ...
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