CBSE Class 11 Accountancy Chapter 9 Ledger

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 Book Back Questions with Video Solutions In this article, you will find book back sums with solved video links to help you practice and understand the concept clearly. Watch the Complete Chapter Playlist: Learn CBSE Class 11 Accountancy Chapter 9: Ledger with detailed explanations and solved problems. 🔗 Access the Complete Playlist Here: Chapter 9 Ledger Question 1:  On 1st April 2021, Gopal started business with a capital of Rs.50,000.  He made the following transactions: April 03: Purchased goods from Rita: Rs. 20,000. April 04: Cash paid to Rita: Rs. 10,000. April 06: Goods sold to Rohit: Rs. 25,000. April 08: Received cash from Rohit: Rs. 20,000. April 12: Goods purchased from Rita: Rs. 12,000. April 18: Cash paid to Rita: Rs. 20,000 April 25: Goods sold to Rohit: Rs. 10,000 April 30: Received cash from Rohit: Rs. 6,000 Journalize the above transactions and show the respective ledger accounts. Video Solution: Watch the detailed explanation video . Question 2: ...
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Samacheer Kalvi Class 12 Accounts Chapter 1 Accounts from Incomplete Records - Part 1

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Chapter 1: Accounts from Incomplete Records

How to find Profit or Loss Using the Statement of Affairs

Capital at the beginning and at the end can be found out by preparing a statement of affairs at the beginning and at the end of an accounting year, respectively. 

A statement of affairs is a statement showing the balances of assets and liabilities on a particular date. 

This method of ascertaining profit is also called the statement of affairs method, net worth method, or capital comparison method.

In this article, you will learn:

• Solved Book Back Questions (Questions 1-5)

• Solved Book Back Questions (Questions 10-15)


Question 1:

From the following particulars, ascertain the profit or loss for the year:

Capital at the beginning of the year (1st Apr 2018): ₹ 500,000;

Capital at the end of the year (31st March 2019): ₹ 850,000;

Additional capital introduced during the year: ₹120,000;

Drawings during the year: ₹ 70,000.

Answer: Profit: ₹ 300,000

Step-by-Step Solutions:

Download the complete step-by-step solution below.

🔗 Download PDF: Book Back Sums 1-5

🎥 Video Explanation:

Watch the complete step-by-step solution on YouTube.

▶️ Watch Video: Book Back Question 1-5

Question 2:

From the following particulars, ascertain the profit or loss for the year:

Capital at the beginning of the year (1st January 2018): ₹ 220,000;

Capital at the end of the year (31st December 2019): ₹ 180,000;

Additional capital introduced during the year: ₹40,000;

Drawings during the year: ₹ 50,000.

Answer: Loss: ₹ 30,000.

Step-by-Step Solutions:

Download the complete step-by-step solution below.

🔗 Download PDF: Book Back Sums 1-5

🎥 Video Explanation:

Watch the complete step-by-step solution on YouTube.

▶️ Watch Video: Book Back Question 1-5

Question 3:

From the following details, calculate the opening capital on 01.4.2017. 

Closing capital as of 31.3.2018:  ₹ 80,000;

Additional capital introduced during the year: ₹ 30,000;

Drawings during the year: ₹ 15,000;

Loss for the year ending 31.3.2018: ₹ 25,000.

Answer: Loss: ₹ 25,000.

Step-by-Step Solutions:

Download the complete step-by-step solution below.

🔗 Download PDF: Book Back Sums 1-5

🎥 Video Explanation:

Watch the complete step-by-step solution on YouTube.

▶️ Watch Video: Book Back Question 1-5

Question 4:

From the following details, calculate the capital as of 31st December 2018.

Capital as on 1st January, 2018: ₹ 100,000; 

Goods withdrawn for personal use by the owner: ₹ 30,000; 

Additional capital introduced during the year: ₹ 15,000; 

Profit for the year was ₹60,000.

Answer: Closing Capital: ₹ 145,000.

Step-by-Step Solutions:

Download the complete step-by-step solution below.

🔗 Download PDF: Book Back Sums 1-5

🎥 Video Explanation:

Watch the complete step-by-step solution on YouTube.

▶️ Watch Video: Book Back Question 1-5

Question 5:

From the following details, calculate the drawings during the year.
Capital as on 1st April, 2018: ₹ 40,000; 

Capital as on 31st March, 2019: ₹ 50,000;

Additional capital introduced during the year: ₹ 7,000;

Profit for the year: ₹ 8,000.

Answer: Drawings: ₹ 5,000.

Step-by-Step Solutions:

Download the complete step-by-step solution below.

🔗 Download PDF: Book Back Sums 1-5

🎥 Video Explanation:

Watch the complete step-by-step solution on YouTube.

▶️ Watch Video: Book Back Question 1-5

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