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CBSE Class 11-commerce Answered

Name the process of transferring entries from the journal to their respective accounts in the ledger.
Asked by Topperlearning User | 01 Jul, 2016, 03:14: PM
answered-by-expert Expert Answer

Posting is the process of transferring entries from the journal to their respective accounts in the ledger.

Answered by | 01 Jul, 2016, 05:14: PM
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CBSE 11-commerce - Accountancy Part I
What is meant by ledger and its types?
Asked by Topperlearning User | 15 Jun, 2016, 02:28: PM
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CBSE 11-commerce - Accountancy Part I
State the importance of ledger.
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CBSE 11-commerce - Accountancy Part I
Give a format of a ledger account and explain in detail.
Asked by Topperlearning User | 15 Jun, 2016, 02:51: PM
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CBSE 11-commerce - Accountancy Part I
State any four points of difference between journal and ledger account.
Asked by Topperlearning User | 15 Jun, 2016, 02:28: PM
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CBSE 11-commerce - Accountancy Part I
Post the following transactions in their respective ledger accounts.       Date    Rs.  2016 March 31 Stock at the end of the year 40,000   Salaries due to staff 8,500   Sold goods to Mohan 20,000   Purchased goods from Radha 10,000   Withdrawn from bank for private use 1,000   Placed in fixed Deposit Account at bank by transfer from current account. 6,000   Goods given as charity 5,000  
Asked by Topperlearning User | 15 Jun, 2016, 02:55: PM
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CBSE 11-commerce - Accountancy Part I
Post the following transactions in their respective ledger accounts. 2016    Rs.  April 04 Stock at the end of the year 80,000 April 08 Paid for Stationery 100 April 10 Received cash from the railway in full settlement of claim for damaged in transit. 800 April 12 Rs.8,646 received from Divya and allowed him discount Rs.54   April 14 Sold 60 shares in Rs.17 per share, brokerage paid Rs.50   April 22 The auto rickshaw bought to deliver goods to customers 10,000  
Asked by Topperlearning User | 15 Jun, 2016, 02:36: PM
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CBSE 11-commerce - Accountancy Part I
Post the following transactions in their respective ledger accounts.  2016   Rs. May 2 A fire occurred in godown of Lina and she lost goods worth Rs.10,000. The stock was not insured.   May 3 Lina took goods worth Rs.2,500 (cost) for her personal use.   May 4 Paid Income Tax 4,000 May 5 Interest on capital 500  
Asked by Topperlearning User | 15 Jun, 2016, 02:41: PM
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CBSE 11-commerce - Accountancy Part I
Journalise the following transactions and post them in their respective ledger accounts. 2016   Rs. May 2 Paid interest to Loan 4,000 May 3 Ramesh who owed Rs.3,000 has become insolvent. He pays 50 paise in rupee in full settlement.   May 4 A cheque received from Ranjan deposited into bank was returned dishonored. 6,300 May 5 Wood used for making office furniture. 5,000 May 21 Due from Rama are bad debts. 600 May 25 Purchased building and issued cheque. 4,300  
Asked by Topperlearning User | 15 Jun, 2016, 03:03: PM
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CBSE 11-commerce - Accountancy Part I
Name the process of transferring entries from the journal to their respective accounts in the ledger.
Asked by Topperlearning User | 01 Jul, 2016, 03:14: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
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