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Money Management Worksheets for Children and Teens | Money Management

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Class 11th Chapter 4 Ledger Solutions | Class 11 Ledger Practical Problems Solutions

PRACTICAL PROBLEMS 


EXERCISE 

Q.6 Complete the following table. 

 

Image by- Edaccountancy 



Q.7 Put ✔️ mark for the nature of balance for the following.

Image by- Edaccountancy

 

The practical problems presented above aim to reinforce students' understanding of ledger accounts, subsidiary books, and the journalization process in accounting. These exercises cover a variety of scenarios to help students apply theoretical knowledge to real-world accounting situations.

1. Journal Entries from Ledger: Problem 1: Students are tasked with providing journal entries based on ledger account postings. This exercise reinforces the relationship between ledger accounts and the general journal, emphasising the double-entry system.

2. Ledger Account from Subsidiary Books: Problem 2: This problem requires the preparation of necessary ledger accounts from subsidiary books. It challenges students to link transactions recorded in subsidiary books to corresponding ledger accounts, enhancing their skills in maintaining organised accounting records.

3. Ledger Accounts from Transactions: Problem 3: Students are presented with various transactions and are required to prepare necessary ledger accounts for Vinay, balancing them. This exercise enables students to practice journalizing transactions and maintaining ledger accounts.

4. Journalizing and Preparing Cash Account: Problem 4: The task is to journalize given transactions and prepare the Cash Account. This problem focuses on the specific ledger account for cash, allowing students to understand how individual accounts are affected by various transactions.

5. Account Preparation in the Books of Others: Problem 5: Students are asked to prepare Aparna's account in the books of Suparna. This scenario emphasises the concept of accounts in relation to different entities and helps students understand how transactions impact specific accounts.

6. Multi-Account Preparation and Balancing: Problem 6: In this problem, students are required to prepare Cash A/c, Bank A/c, Purchase A/c, Sales A/c, and Capital A/c for Mandanlal, balancing each account. This comprehensive exercise incorporates multiple ledger accounts, reflecting a realistic accounting scenario.

7. Journalizing and Ledger Posting for a Specific Month: Problem 7: Transactions are to be journalized and posted into the ledger for February 2019. This exercise challenges students to manage multiple transactions within a specific time frame, reinforcing time-bound accounting practices.

8. Journalizing and Ledger Accounts for Specific Transactions: Problem 8: Students are tasked with journalizing given transactions and preparing ledger accounts in the books of Sanjeev. This problem enhances their skills in transaction analysis, journal entry preparation, and ledger posting.


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Student Reviews

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The answers are so perfect and proper 🌝

Nice explanation in full detail is very helpful.

It's very easy to learn.

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