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 2

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 Chapter 1 – Accounts from Incomplete Records

In this article, you will learn:

  • Meaning of Statement of Affairs
  • Format of the Statement of Affairs

👉 Study Notes: Statement of affairs

Statement of Affairs:

  • A statement of affairs is a statement showing the balances of assets and liabilities on a particular date.
  • The balances of assets are shown on the right side and the balances of liabilities on the left side. 
  • It is prepared from incomplete records to find out the capital of a business unit on a particular date. This statement resembles a balance sheet. 
  • The difference between the total of assets and the total of liabilities is taken as capital. 
  • Capital = Assets – Liabilities

Format of Statement of Affairs:

            Statement of affairs as of___________

                      In the books of___________

Liabilities

 ₹

Assets

 ₹

Sundry Creditors

xxx

Cash in Hand

xxx

Bills Payable

xxx

Cash at Bank

xxx

Outstanding Expenses

xxx

Sundry Debtors

xxx

Bank Overdraft

xxx

Bills Receivable

xxx

Capital (Balancing Figure)

xxx

Stock in trade

xxx

 

 

Prepaid Expenses

xxx

 

 

Fixed Assets

xxx

 

 

 

 Total

xxx

 Total

xxx

Question 6:

Following are the balances in the books of Thomas as of 31st March 2019.

Particulars

 ₹

Sundry Creditors

6,00,000

Furniture

80,000

Land & Building

3,00,000

Sundry Debtors

3,20,000

Sundry Creditors

6,00,000

Furniture

80,000

Land & Building

3,00,000

Bills Payable

1,20,000

Cash in hand

20,000

Bills Receivable

60,000

Stock

2,20,000

Prepare a statement of affairs as of 31st March 2019 and calculate capital as at that date.

Answer: Capital ₹ 280,000.

Step-by-Step Solutions:

Download the complete step-by-step solution below.

🔗 Download PDF: Book Back Sums 6 - 9 Solutions

🎥 Video Explanation:

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

▶️ Watch Video: Watch the detailed solution on YouTube.

Question 7:

On 1st April 2018, Subha started her business with a capital of ₹1,20,000. She did not maintain a proper book of accounts. The following particulars are available from her books as of 31.3.2019.

Particulars

 ₹

Bank overdraft

50,000

Debtors

1,80,000

Bills Receivable

70,000

Computer

30,000

Machinery

3,00,000

Stock-in-trade

1,60,000

Creditors

90,000

Bills Payable

2,40,000

Cash in Hand

60,000

During the year she withdrew ₹ 30,000 for her personal use. She introduced further capital of ₹ 40,000 during the year. Calculate her profit or loss.

Answer: Closing capital: ₹ 420,000; 

Profit: ₹ 290,000.

Step-by-Step Solutions:

Download the complete step-by-step solution below.

🔗 Download PDF: Book Back Sums 6 - 9 Solutions

🎥 Video Explanation:

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

▶️ Watch Video: Watch the detailed solution on YouTube.

Question 8:

Raju does not keep proper books of accounts. The following details are taken from his records.

Particulars

 1.1.2018 (₹)

31.12.2018 (₹)

Cash at Bank

80,000

90,000

Stock of goods

180,000

140,000

Debtors

90,000

200,000

Sundry creditors

130,000

195,000

Bank Loan

60,000

60,000

Bills payable

80,000

45,000

Plant and machinery

170,000

170,000

During the year he introduced further capital of ₹ 50,000 and withdrew ₹ 2,500 per month from the business for his personal use. Prepare a statement of profit or loss with the above information.

Answer: 

Closing capital: ₹ 300,000; 

Profit: ₹ 30,000.

Step-by-Step Solutions:

Download the complete step-by-step solution below.

🔗 Download PDF: Book Back Sums 6 - 9 Solutions

🎥 Video Explanation:

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

▶️ Watch Video: Watch the detailed solution on YouTube.

Question 9:

Ananth does not keep his books under a double-entry system. Find the profit or loss made by him for the year ending 31st March, 2019. 

Particulars

 31.3.2018 (₹)

31.3.2019 (₹)

Cash at Bank

5,000 (Dr)

60,000 (Cr)

Cash in hand

3,000

4,500

Stock of goods

35,000

45,000

Sundry Debtors

1,00,000

90,000

Plant and machinery

80,000

80,000

Land and Buildings

1,40,000

1,40,000

Sundry Creditors

1,70,000

1,30,000

Additional Information:

Ananth had withdrawn ₹ 60,000 for his personal use. He had introduced ₹17,000 as capital for expansion of his business. Create a provision of 5% on debtors. Plant and machinery are to be depreciated at 10%. 


Answer: 

Opening Capital: ₹193,000; Closing Capital: ₹157,000; 

Profit: ₹7,000.

Step-by-Step Solutions:

Download the complete step-by-step solution below.

🔗 Download PDF: Book Back Sums 6 - 9 Solutions

🎥 Video Explanation:

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

▶️ Watch Video: Watch the detailed solution on YouTube.

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