Class 11 DK Goel Solutions Chapter 13 - Ledger
FAQs on DK Goel Class 11 Accountancy Solutions: Chapter 13 Overview
1. What is the correct step-by-step method for ledger posting from the Journal as per DK Goel Class 11 Chapter 13 solutions?
The correct method for ledger posting involves a systematic process to transfer entries from the journal. Following the DK Goel solutions approach ensures accuracy:
Step 1: Locate the specific account in the ledger that was debited in the journal entry.
Step 2: On the debit side of this account, enter the date of the transaction in the 'Date' column.
Step 3: In the 'Particulars' column, write 'To' followed by the name of the account that was credited in the journal entry.
Step 4: Record the page number of the journal in the 'Journal Folio' (J.F.) column.
Step 5: Enter the amount in the 'Amount' column.
Step 6: Repeat the process for the credited account, but on the credit side, using 'By' in the 'Particulars' column followed by the name of the debited account.
2. How does understanding the purpose of a Ledger help in correctly solving practical problems in DK Goel Chapter 13?
Understanding that a Ledger is the principal book of accounts that classifies all transactions into specific accounts is crucial for problem-solving. It helps a student to:
Systematically check if both debit and credit aspects of every transaction from the journal have been posted.
Ascertain the net position (balance) of any given account, such as how much is owed to a creditor or how much cash is on hand.
Build a foundation for preparing the Trial Balance, as the accuracy of the Trial Balance depends entirely on the correct balancing of ledger accounts.
This conceptual clarity prevents errors and makes it easier to trace mistakes when the trial balance does not tally.
3. What are common mistakes students make when balancing ledger accounts in Class 11, and how can the DK Goel solutions help avoid them?
Students often make several common mistakes during ledger balancing. The step-by-step DK Goel solutions help by demonstrating the correct procedure. Common errors include:
Incorrect Totalling: Miscalculating the totals of the debit or credit side.
Wrongly Placing Balance c/d: Writing 'By Balance c/d' on the debit side or 'To Balance c/d' on the credit side.
Forgetting to Bring Down the Balance: Failing to write 'To Balance b/d' or 'By Balance b/d' for the next accounting period.
Calculation Errors: Making simple subtraction errors when finding the balancing figure.
The solutions provide clear examples that reinforce the correct placement and calculation for balancing of accounts.
4. Why is the Ledger called the 'principal book of accounts' while the Journal is the 'book of original entry'? How does this affect the problem-solving approach in DK Goel?
The distinction is fundamental to the accounting process and solving problems in DK Goel:
The Journal is the 'book of original entry' because financial transactions are first recorded here chronologically, as they occur. It provides a complete record of each transaction in one place.
The Ledger is the 'principal book of accounts' because it is the final destination for all transactions. It classifies and summarizes the transactions from the journal into individual accounts (e.g., Cash A/c, Sales A/c, Ram's A/c). This summary is essential for financial analysis.
For problem-solving, this means you must first correctly journalise every transaction (original entry) and then accurately post them to the ledger (the principal book) to determine the final balance of each account.
5. How do you correctly post a compound journal entry into the Ledger using the method shown in DK Goel solutions?
Posting a compound journal entry (an entry with multiple debits and/or credits) requires careful attention. The correct procedure is:
For Each Debited Account: Go to the debit side of each account that is debited. In the 'Particulars' column, write 'To' followed by the name of each account credited in the compound entry. The amount posted will be the specific amount debited to that account.
For Each Credited Account: Go to the credit side of each account that is credited. In the 'Particulars' column, write 'By' followed by the name of each account debited in the entry. The amount posted will be the specific amount credited to that account.
The key is to ensure that for every debit posting in a ledger account, the corresponding credit account's name is mentioned, and vice versa.
6. What is the significance of the Journal Folio (J.F.) column in a Ledger account when solving problems from Chapter 13?
The Journal Folio (J.F.) column in the Ledger is a crucial cross-referencing tool. Its significance when solving problems is:
Traceability: It records the page number of the Journal from which the entry has been posted. This allows anyone to quickly refer back to the original journal entry to verify the transaction details.
Audit Trail: It serves as an audit trail, proving that an entry in the ledger has been duly posted from a book of original entry.
Error Detection: When accounts do not tally, the J.F. helps in systematically checking each posting against the journal entry to find the error.
While solving problems, filling the J.F. column correctly is part of the complete and proper accounting procedure as per the CBSE 2025-26 syllabus.
