{"id":4189,"date":"2022-05-09T15:30:16","date_gmt":"2022-05-09T10:00:16","guid":{"rendered":"http:\/\/mcq-questions.com\/?p=4189"},"modified":"2022-05-06T15:59:59","modified_gmt":"2022-05-06T10:29:59","slug":"ts-grewal-accountancy-class-11-solutions-chapter-6","status":"publish","type":"post","link":"https:\/\/mcq-questions.com\/ts-grewal-accountancy-class-11-solutions-chapter-6\/","title":{"rendered":"TS Grewal Accountancy Class 11 Solutions Chapter 6 Ledger"},"content":{"rendered":"

TS Grewal Accountancy Class 11 Solutions Chapter 6 Ledger are part of TS Grewal Accountancy Class 11 Solutions<\/a>. Here we have given TS Grewal Accountancy Class 11 Solutions Chapter 6 Ledger.<\/p>\n\n\n\n\n\n\n\n\n\n\n
Board<\/strong><\/td>\nCBSE<\/td>\n<\/tr>\n
Textbook<\/strong><\/td>\nNCERT<\/td>\n<\/tr>\n
Class<\/strong><\/td>\nClass 11<\/td>\n<\/tr>\n
Subject<\/strong><\/td>\nAccountancy<\/td>\n<\/tr>\n
Chapter<\/strong><\/td>\nChapter 6<\/td>\n<\/tr>\n
Chapter Name<\/strong><\/td>\nLedger<\/td>\n<\/tr>\n
Number of Questions Solved<\/strong><\/td>\n12<\/td>\n<\/tr>\n
Category<\/strong><\/td>\nTS Grewal Solutions<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

TS Grewal Accountancy Class 11 Solutions Chapter 6 Ledger<\/h2>\n

Question 1.
\nOn 1st April, 2018, Mohit started business with a capital of \u20b9 50,000. He made the following transactions:
\n\"TS
\nYou are required to journalise the above transactions and show the respective Ledger accounts.
\nSolution:
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\n\"TS<\/p>\n

Question 2.
\nSuresh, Kanpur commenced business on 1st January, 2018 introducing capital in cash \u20b9 1,00,000. His other transactions during the month were as follows:
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\nEnter the above transactions in his books of account.
\nSolution:
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Question 3.
\nJournalise the following transactions in the books of Afzal, Kolkata and post them to the Ledger:
\n\"TS
\nIntra-state transactions are subject to levy of CGST and SGST @ 6% each whereas inter-state transactions are subject to levy of IGST @ 12%. Out of the above transactions, transactions marked (*) are not subject to levy of GST.
\nSolution:
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Question 4.
\nPass Journal entries of M\/s. Bhanu Traders, Delhi from the following transactions. Post them to the Ledger:
\n\"TS
\nIntra-state transactions are subject to levy of CGST and SGST @ 6% each whereas inter-state transactions are subject to levy of IGST @ 12%. Out of the above transactions marked (*) are not subject to levy of GST.
\nSolution:
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Question 5.
\nJournalise the following transactions in the Journal of M\/s. Gupta Brothers (Prop. Shri R. K. Gupta), Delhi and post them to the Ledger:
\n\"TS
\nInter-state transactions are subject to levy of IGST @ 12% and Intra-state transactions are subject to levy of CGST and SGST @ 6% each. GST is not levied on transactions marked with (*).
\nSolution:
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Question 6.
\nFollowing balances appeared in the books of Ashok, Delhi on 1st April, 2018:
\nAssets: Cash – \u20b9 50,000; Stock – \u20b9 30,000; Debtors – Ram \u20b9 50,000; Machinery – \u20b9 60,000.
\nLiabilities: Creditor – Rajesh \u20b9 30,000.
\nThe following transactions took place in April, 2018:
\n\"TS
\nCGST and SGST @ 6% each is levied on intra-state transactions and IGST is levied @ 12% on inter-state transactions. Transactions marked (*) are not subject to levy of GST.
\nPass Journal entries for the above transaction, post them into the Ledger and prepare the Trial Balance on 30th April, 2018.
\nSolution:
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\n\"TS<\/p>\n

Question 7.
\nOn 1st April, 2018, the following were Ledger balances of M\/s. Ram & Co., Delhi: Cash in Hand – \u20b9 300; Cash at Bank – \u20b9 7,000; Bills Payable – \u20b9 1,000; Zahir (Dr.) – \u20b9 800; Stock – \u20b9 4,000; Gobind (Cr.) – \u20b9 2,000; Sharma (Dr.) – \u20b9 1,500; Rahul (Cr.) – \u20b9 900; Capital – \u20b9 9,700. Transactions during the month of April, 2018 were:
\n\"TS
\nInter-state transactions are subject to levy of IGST @ 12% and Intra-state transactions are subject to levy of CGST and SGST @ 6% each. GST is not levied on transactions marked with (*).
\nPost the above transactions to the Ledger and prepare the Trial Balance on 30th April, 2018.
\nSolution:
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\n\"TS<\/p>\n

Question 8.
\nYou are to open the books of Rajesh Prabhu, Gurugram (Haryana) a trader, through the Journal to record the assets and liabilities and then to record the daily transactions for the month of April, 2018. A Trial Balance is to be extracted as on 30th April, 2018:
\n\"TS
\nInter-state transactions are subject to levy of IGST @ 12% and Intra-state transactions are subject to levy of CGST and SGST @ 6% each. GST is not levied on transactions marked with (*).
\nSolution:
\n\"TS
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Question 9.
\nEnter the following transactions in the Journal of M\/s. Karim Bros., Prop. Shri Karim Khan, Kolkata, post to the Ledger and prepare the Trial Balance:
\n\"TS
\nInter-state transactions are subject to levy of IGST @ 12% and Intra-state transactions are subject to levy of CGST and SGST @ 6% each. GST is not levied on transactions marked with (*).
\nSolution:
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Question 10.
\nWrite up the following transactions in the Journal of Ashok, Delhi and post them to the Ledger for April, 2018. Also, prepare the Trial Balance as on 30th April, 2018.
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\nSolution:
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\n\"TS
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\n\"TS<\/p>\n

\"TS
\n\"TS<\/p>\n

Question 11.
\nShri S. K. Gupta, Chandigarh commenced business on 1st April, 2018 with a capital of \u20b9 1,20,000 of which \u20b9 60,000 was paid into his Bank Account and \u20b9 60,000 retained as cash. His other transactions during the month were as follows:
\n\"TS
\nInter-state transactions are subject to levy of IGST @ 12% and Intra-state transactions are subject to levy of CGST and SGST @ 6% each. GST is not levied on transactions marked with (*).
\nJournalise the above transactions and post them to the Ledger.
\nSolution:
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Question 12.
\nJournalise the following transactions in the books of Shri Manoj, Kolkata and prepare Ledger Accounts.
\nOpening Debit Balances:
\nCash in Hand – \u20b9 15,000; Cash at Bank – \u20b9 55,000; Stock – \u20b9 28,000; Debtors – \u20b9 25,000 (Sunil – \u20b9 5,000; Abhay – \u20b9 10,000 and Alok – \u20b9 10,000); Fixed Assets: Computer and Printer – \u20b9 50,000; Furniture – \u20b9 10,000; Delivery Van – \u20b9 25,000.
\nOpening Credit Balances:
\nBank Loan – \u20b9 90,000; Salaries Outstanding – \u20b9 15,000; Creditors – \u20b9 20,000; Bills Payable – \u20b9 10,000; Capital – \u20b9 73,000.
\nTransactions for the month of April, 2018 were:
\n(i) Purchased goods from M\/s Prabhat Electricals – \u20b9 10,000 less 10% Trade Discount. Cheque was issued immediately and availed 2% Cash Discount on purchase price.
\n(ii) Cheque was received from Abhay for the balance allowing him discount of 2%*.
\n(iii) Cheque was received from Alok for the balance due*.
\n(iv) Sunil was unable to pay the full dues and offered to pay 75%, which was accepted. Cheque was duly received*.
\n(v) Gave goods costing \u20b9 1,000 as charity. These goods were purchased in Kolkata.
\n(vi) In a competition held by the RWA where the shop is located an electric iron costing \u20b9 500 was given as an award. It had been purchased from Prabhat Electricals, Delhi.
\n(vii) A debt of \u20b9 10,000 that was written off as bad debt in the past was received*.
\n(viii) Salaries amounting to \u20b9 15,000 provided in the books for the month of March, 2018 were paid through cheque*.
\n(ix) Sales for the month were: Cash Sales \u20b9 15,00,000 (Intra-state) and Credit Sales \u20b9 3,00,000 (Inter-state).
\n(x) Purchases for the month were: Cash Purchases \u20b9 1,00,000 (Intra-state) and Credit Purchases (Inter-state) \u20b9 9,00,000.
\nCheques Received from Debtors \u20b9 2,00,000; Deposited Cash \u20b9 15,00,000.
\n(xi) Paid to creditors through cheques \u20b9 8,90,000*.
\n(xii) Bank Loan repaid during the month \u20b9 20,000*.
\nInter-state transactions are subject to levy of IGST @ 12% and Intra-state transactions are subject to levy of CGST and SGST @ 6% each. GST is not levied on transactions marked with (*).
\nSolution:
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\n\"TS<\/p>\n

We hope the TS Grewal Accountancy Class 11 Solutions Chapter 6 Ledger help you. If you have any query regarding TS Grewal Accountancy Class 11 Solutions Chapter 6 Ledger, drop a comment below and we will get back to you at the earliest.<\/p>\n","protected":false},"excerpt":{"rendered":"

TS Grewal Accountancy Class 11 Solutions Chapter 6 Ledger are part of TS Grewal Accountancy Class 11 Solutions. Here we have given TS Grewal Accountancy Class 11 Solutions Chapter 6 Ledger. Board CBSE Textbook NCERT Class Class 11 Subject Accountancy Chapter Chapter 6 Chapter Name Ledger Number of Questions Solved 12 Category TS Grewal Solutions …<\/p>\n

TS Grewal Accountancy Class 11 Solutions Chapter 6 Ledger<\/span> Read More »<\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":""},"categories":[4],"tags":[],"yoast_head":"\nTS Grewal Accountancy Class 11 Solutions Chapter 6 Ledger - MCQ Questions<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mcq-questions.com\/ts-grewal-accountancy-class-11-solutions-chapter-6\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TS Grewal Accountancy Class 11 Solutions Chapter 6 Ledger - MCQ Questions\" \/>\n<meta property=\"og:description\" content=\"TS Grewal Accountancy Class 11 Solutions Chapter 6 Ledger are part of TS Grewal Accountancy Class 11 Solutions. 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