`

Ledger WORKSHEET
Question 1: Journalise the following transactions, post them into Ledger, balance the
accounts and prepare a Trial Balance :−

2017 (₹)
March 1 Shyam Sunder & Sons commenced business with cash 80,000
2 Purchased goods for cash 36,000
3 Machinery purchased for cash 4,000
4 Purchased goods
from : Raghu 22,000
Dilip 30,000
6 Returned goods to Raghu 4,000
8 Paid to Raghu, in full settlement of his account 17,500
10 Sold goods to Mahesh Chand & Co. for ₹ 32,000 at 5% trade
discount
13 Received cash from Mahesh Chand & Co. 19,800
Discount allowed 200
15 Paid cash to Dilip 14,850
Discount received 150
20 Sold goods for cash 25,000
24 Sold goods for cash to Sudhir Ltd. 18,000
25 Paid for Rent 1,500
26 Received for Commission 2,000
28 Withdrew by Proprietor for his personal use 5,000
28 Purchased a fan for Proprietor's house 1,200

Question 2: Following balances appeared in the books of Ram & Shyam on January
1, 2017 :− Assets : Cash in hand ₹ 30,000; Stock ₹ 36,000; Lal Chand ₹ 7,600; Mukesh
Khanna ₹ 16,200; Furniture ₹ 8,000. Liabilities : Ghanshyam ₹ 6,000; Vinod ₹ 8,000.
Following transactions took place during Jan. 2017 :−
2017
Jan. 2 Purchased Typewriter for ₹ 7,500.
4 Sold goods for Cash of the list price of ₹ 25,000 at 20% trade discount
and 5% Cash discount.
6 Sold goods to Gopal Seth for ₹ 10,000.
8 Gopal Seth returned goods for ₹ 1,500.
12 Purchased goods from Arun ₹ 12,000; and from Varun ₹ 15,000.
13 Settled Arun's account in full after deducting 5% for cash discount.
14 Paid cash to Ghanshyam in full settlement of his account.
16 Received ₹ 7,500 from Lal Chand in full settlement of his account.
17 Purchased a Scooter for office use ₹ 18,000.
20 Sold goods for cash ₹ 20,000.
22 Received from Gopal Seth ₹ 4,850 and discount allowed ₹ 150.
`

27 Paid for Wages ₹ 7,000 and Salaries ₹ 3,000.

28 Withdrew goods for ₹ 2,000 and Cash ₹ 1,500 for private use.
29 Paid for Life Insurance Premium of the Proprietor ₹ 1,600.
Journalise the above transactions, post them into Ledger, balance them
and prepare a Trial Balance.

Question 3: Prepare Journal Entries of the following postings :-

(I) Dr. PURCHASES A/C Cr.
₹ ₹
To Cash A/c 2,000
(II) Dr. SALARIES A/C Cr.
₹ ₹
To Cash A/c 1,500
(III) Dr. INTEREST A/C Cr.
₹ ₹
By Cash A/c 800
(IV) Dr. MOHAN Cr.
₹ ₹
To Cash A/c 5,000

Question 4: Enter the following transactions in a Double Column Cash Book and Journal
Proper and post them into Ledger

May 1 Balance of Cash in Hand ₹ 12,400; Bank Overdraft ₹ 36,000.

3 Direct deposit by Mr. Ganesh in our bank account ₹ 10,000. Discount
allowed ₹ 200.
5 Issued a cheque of ₹ 7,700 to Mr. Suresh in full settlement of his account of
₹ 8,000.
Received a cheque from X for ₹ 12,000. Discount allowed ₹ 500. This
6
cheque was deposited into bank on 7th May.
8 Received Cash ₹ 22,000 and cheque of ₹ 8,000 for cash sale.
12 Cash sale ₹ 70,000 of which ₹ 55,000 banked.
15 Cheque received on 8th May endorsed to Mr. Sunil. Discount received ₹
150.
20 Discounted a B/R of ₹ 10,000 at 1% through bank.
24 Cheque received from X dishonoured, Bank debits ₹ 20 in respect of bank
charges.
Purchased goods for ₹ 50,000 at a trade discount of 10%. Payment was
25
made in cash.
26 Withdrew from bank ₹ 10,000 for office use and ₹ 2,000 for personal use.
31 Interest debited by Bank ₹ 4,500.
`

Question 5: Record the following transaction in the Purchases Book of Modern

Furniture House, New Delhi assuming CGST @ 6% and SGST @ 6% and post it into
Ledger:

2017
Nov. 3 Purchased goods from Sachdeva Furniture Store, New Delhi :

50 Chairs @ ₹ 2,000 each

5 Tables @ ₹ 10,000 each
Less: 10% Trade Discount
10 Purchased furniture from Mahadeva & Co., Jaipur (Rajasthan) valued ₹
2,00,000, less 12121212% Trade Discount.
18 Purchased furniture from Fashion Furniture House, Chandigarh of the list
price of ₹ 2,50,000, less 15%.
20 Purchased from India Furniture House, New Delhi :
100 Chairs @ ₹ 1,800 each
25 Purchased from Mohan Lal & Sons furniture of the value of ₹ 20,000 for
cash.

Question 6: Record the following transaction in the Sales Book of Karunakaran & Sons,
Chennai (Tamilnadu) assuming CGST @ 90% and SGST @ 9% and post them into
Ledger :-

2017
Dec. Sold of M/s Banwari Lal & Sons, Chennai, goods valued at ₹ 2,00,000 less
5 Trade Discount 10%.
10 Sold to M/s Kanti Bhai & Sons, Bengaluru (Karnataka) :
75 Electric Fans @ ₹ 4,000 each
20 Room Coolers @ ₹ 10,000 each
Less: Trade Discount 8%
16 Mahindra & Co., Kochi (Kerala) purchased from us goods of ₹ 1,20,000, less:
5%.
24 Sold goods for cash ₹ 60,000.
`

Question 7: Enter the following transactions in Return Outward Book of Modern

Furniture House, Udaipur (Rajasthan) assuming CGST @ 6% and SGST @ 6% and
post it into Ledger:-

2017
Nov. Returned to Sachdeva Furniture Store, Ahmedabad (Gujarat) :
7
5 Chairs @ ₹ 2,000 each
1 Table for ₹ 15,000
Less: 10% Trade Discount
22 Returned 8 Chairs to India Furniture House, Jodhpur (Rajasthan) @ ₹ 1,500
each, being not of specified quality.
24 Returned one Dining Table to Arora & Co., Jaipur (Rajasthan) being not
according to sample ₹ 50,000.
28 Allowance claimed from Delhi Furniture Shop, Ahmedabad (Gujarat) on
account of mistake in the invoice ₹ 16,000.

Question 8: Enter the following transactions in Return Inward Book of M/s Kanitkar &
Co. of Mumbai (Maharashtra) assuming CGST @ 2.5% and SGST @ 2.5% and post it
into Ledger:

2018
Jan. Goods returned to us by Giriraj & Co., Pune (Maharashtra) worth ₹ 40,000,
5 less 10% trade discount.
10 Shah Brothers, Jaipur (Rajasthan) returned goods, being not according to
sample ₹ 30,000.
16 Allowance claimed by Jai Singh & Co., Mathura (U.P) on account of a mistake
in the invoice ₹ 10,000.
20 Good returned by Gopalsons, Mumbai being defective ₹ 20,000.
`

Question 9: Enter the following transactions in proper Subsidiary Books and post them
into Ledger :−

2017
March 2 Purchased from Navrang Traders for ₹ 8,300
3 Sold goods to Rohan for ₹ 3,200
5 Bought of Ruchi Traders for ₹ 12,100
8 Rohan returns the goods for ₹ 600
10 Purchased goods from Jaipur Stores of the list price of ₹ 15,400 less 5%
Trade Discount
12 Sold goods to Arun Traders for ₹ 18,000 less 15% Trade Discount
12 Bought of Amit Traders for ₹ 10,000
16 Purchased Machinery from Kirloskar Ltd. ₹ 20,000
18 Returned goods to Jaipur Stores for ₹ 800 less 5% Trade Discount.
19 Arun Traders returned goods for ₹ 3,000, less 15% Trade Discount
20 Sales to Kalpna & Co. for ₹ 14,700
22 Purchased goods from Navrang Traders ₹ 25,000
25 Returns outward to Navrang Traders for ₹ 1,200
26 Sales to Rupa Traders for ₹ 10,000 less 10% Trade Discount
29 Returns inward from Kalpana & Co. for ₹ 2,000

Question 10: Enter the following transactions in subsidiary books, post them into
Ledger and prepare a Trial Balance:

The following balances existed in Sunil Bros. books on April 1, 2017:

Assets : Cash in hand ₹ 27,500; Bank Balance ₹ 40,000; Debtors : Ashok ₹ 18,000,
Bahadur ₹ 25,000, Charu ₹ 30,000; Stock ₹ 1,60,000 and Furniture ₹ 40,000. Liabilities
: Creditors : Dinesh ₹ 20,000 and Ekta ₹ 15,000.
 Cash Sales ₹ 18,000.

2 Deposited into Bank ₹ 20,000.

3 Purchased from Dinesh :
300 metres Cotton @ ₹ 60 per metre
200 metres Silk @ ₹ 100 per metre
5 Cheque issued to Dinesh for ₹ 25,000.
6 Accepted a bill at one month for ₹ 15,000 drawn by Dinesh.
8 Sold to Ashok :
400 metres Cotton @ ₹ 80 per metre
250 metres Silk @ ₹ 140 per metre
10 Returned by Ashok 50 metres Silk.
12 Received Cash ₹ 8,000 and a Cheque for ₹ 40,000 from Ashok. Cheque was
immediately sent to Bank.
13 Received a B/R from Bahadur for ₹ 20,000 at one month.
15 Accepted a bill at two months drawn by Ekta for the amount due to her.
16 Purchased a Computer for office use from Shiva Ltd. for ₹ 45,000 on Credit.
18 Cash purchases ₹ 10,000.
19 Received full payment from Charu by cheque, sent it to Bank. Discount
allowed 2%.
20 Issued a cheque to Dinesh in full payment of his account after deducting 1%
discount.
22 Settled the account of Shiva Ltd. by a cheque.
24 Proprietor took away goods worth ₹ 5,000 and Cash ₹ 6,000.
25 Purchased from Ganesh 200 metres Cotton @ ₹ 70 per metre subject to trade
discount of 5%.
27 Paid Rent ₹ 3,000 and Salaries ₹ 8,000.
30 interest allowed by bank 600
Question 11:

Record the following transactions of M/s Mahipal Bros. in Proper Subsidiary Books, post
them into the Ledger and take out a Trial Balance:
2017
Jan.
1 Commenced business with Cash ₹ 2,00,000.

2 Deposited into U.T.I Bank ₹ 1,75,000.

4 Purchased goods from Dilip for ₹ 40,000. Trade Discount 20%.
6 Gave a cheque to Dilip for ₹ 16,800 and discount allowed by him ₹ 200.
8 Goods bought from Nilesh for Cash ₹ 14,000.
10 Accepted a bill at 2 months for ₹ 15,000 drawn by Dilip.
11 Bought goods from Suresh ₹ 75,000.
13 Paid to Suresh a Cheque for ₹ 58,800 after receiving discount of 2%.
15 Cash sales made to Jyoti Parshad ₹ 8,000.
16 Sold goods to Mohinder for ₹ 20,000.
17 Goods returned by Mohinder for ₹ 1,500.
18 Received from Mohinder ₹ 7,900 after allowing a discount of 1.25%.
20 Goods sold to Banerjee ₹ 50,000.
21 Deposited into Bank ₹ 20,000.
25 Goods taken for personal use ₹ 2,000.
25 Purchased furniture ₹ 40,000 and Typewriter ₹ 10,000 for office
use. Payment for both the items is made by Cheque.
25 Sold goods to Anubhav ₹ 30,000.
27 Goods returned by Anubhav ₹ 5,000.
Received full payment from Banerjee by Cheque, sent it to Bank,
Discount allowed 2%.
27 Acceptance received from Anubhav at
30 days for the amount due from him.
28 Paid for stationery ₹ 400 and for Postage ₹ 200.
31 Rent of proprietor's house paid by Cheque ₹ 2,500.
Question 12: Enter the following transactions in proper Subsidiary Books, post them
into Ledger Accounts, balance the accounts and prepare a Trial Balance :

2017
Jan. 1 Cash in hand ₹ 20,000; Debtors : Sri Gopal ₹ 15,000, Poonam &
Assets : Co. ₹ 30,000; Stock ₹ 1,75,000, Machinery ₹ 1,20,000; Furniture ₹
40,000.
Liabilities: Bank Overdraft ₹ 33,000; Creditors : Niranjan Lal ₹ 24,000,
Bombay Trading Co. ₹ 16,000.
Jan. 2 Purchased from Manohar Lal & Sons goods of the list price of ₹
20,000 at 10% trade discount.
5 Returned to Manohar Lal & sons goods of the list price of ₹ 2,000.
10 Issued a Cheque to Manohar Lal & Sons in full settlement of their
account.
12 Sold to Sri Gopal, goods worth ₹ 25,000.
15 Received Cash ₹ 10,000 and a Cheque for ₹ 8,000 from Sir Gopal.
The Cheque was immediately sent to bank.
16 Withdrew for personal use : Cash ₹ 5,000 and goods ₹ 3,000.
17 Accepted a bill for 45 days drawn by Niranjan Lal for the amount
due to him.
18 Acceptance received from Poonam & Co. for the amount due from
them payable after 30 days.
19 Sold to Raghubir Brothers, goods valued ₹ 16,000.
20 Cash purchases ₹ 15,000.
22 Withdrew from bank fo office use ₹ 10,000.
23 Purchased from Bombay Trading Co., goods valued ₹ 24,000.
24 Sri Gopal returned goods worth ₹ 2,000.
25 Received from Raghubir Brothers ₹ 10,000.
27 Accepted a bill for ₹ 25,000 for 1 month drawn by Bombay Trading Co.
27 Paid Rent by Cheque ₹ 2,800.
Received Commission in Cash ₹ 800.
31 Paid salaries ₹ 5,000.