9. Ledger

Q1. On 1^st April, 2026, Gopal started business with a capital of 50,000. He made the following transactions during the month of April:

Journalise the above transactions and show the respective Ledger accounts.

Solution – Book of Gopal

Journal

Following are the ledger shown in the books of Mohit:

Dr. Cash Account Cr

Dr. Capital Account Cr

Q2. Madan commenced business on 1^st January, 2026 investing capital in cash 1, 00,000. His other business transactions during the month were as follows:

Enter the above transactions in his books of account.

Solution – Books of Madan

Journal Entries

Following are the ledger shown in the books of Madan:

Dr. Cash Account Cr

Q3. Journalise the following transactions in Journal of Rakesh, Delhi and post them to the Ledger:

Solution – In the Books of Rakesh

Journal

Following are the ledger shown in the books of Madan:

Dr. Cash Account Cr

Q4. Journalise the following transactions in the books of Aftab, Kolkata and post them to the Ledger:

Solution – In the Books of Aftab

Journal

Following are the ledger shown in the books of Afzal, Kolkata:

Dr. Cash Account Cr

Q5. Enter the following transactions in the Journal of Karim and post them to the Ledger:

Solution – In the books of M/s Karim

Journal

Q6. Suresh commenced business on 1^st April, 2026 with a capital of 1, 20,000 of which 60,000 was paid into his Bank Account and balance retained as cash. His other business transactions during the month were as follows:

Journalise the above transactions and post them to the Ledger.

Solution – In the Books of Suresh

Journal Entries

Following are the ledgers shown in the books of Suresh.

Dr. Bank Account Cr

7. Following balances exist in the books of Ashok, Delhi on 1^st April, 2026:

Assets: Cash 50,000, Stock 30,000, Debtor – Ram 50,000, Machinery 60,000.

Liabilities: Creditor – Rajesh 30,000.

Following transactions took place April, 2026:

Pass Journal entries for the above transactions, post them into the Ledger and Prepare the Trial Balance as on 30^th April, 2026.

Solution – In the books of Ashok

Journal Entries

Following are the ledgers shown in the books of Suresh.

Dr. Cash Account Cr

Q8. On 1^st April, 2026, the following were Ledger balances of M/s Raman & Co., Delhi:

Cash in Hand 300, Cash at Bank 7,000 , Loan from Mahesh 1,000, Zahir (Dr.) 800, Stock 4,000, Gobind (Cr.) 2,000, Sahil (Dr.) 1,500, Rahul (Cr) 900, Capital 9,700.

Transactions during the month of April, 2026 were: