Class 11 Accountancy TS Grewal Solutions Chapter 4 - Origin of Transactions - Source Documents and Preparation of Voucher
FAQs on TS Grewal Class 11 Accountancy Chapter 4 Ledger Posting Solutions
1. How do you solve the practical problems on Ledger posting from TS Grewal Class 11 Accountancy Chapter 4?
To solve practical problems on Ledger posting, you must follow a systematic method for each transaction recorded in the Journal. The correct procedure involves:
Identify the two accounts involved in a journal entry.
Open the respective T-shaped accounts in the Ledger if not already opened.
Post the entry to the debit side of the account that is debited in the journal entry. In the particulars column, write 'To' followed by the name of the account that was credited.
Post the entry to the credit side of the account that is credited in the journal entry. In the particulars column, write 'By' followed by the name of the account that was debited.
Record the page number from the Journal in the Journal Folio (J.F.) column for cross-referencing.
2. What is the correct step-by-step method for balancing a ledger account as per the CBSE 2025-26 syllabus?
Balancing a ledger account is a crucial step to ascertain the net position of that account. The correct method is as follows:
First, total both the debit and credit amount columns of the account separately.
Calculate the difference between the two totals.
Write this difference on the side whose total is smaller. In the particulars column, if the amount is on the credit side, write 'By Balance c/d' (carried down). If it's on the debit side, write 'To Balance c/d'.
Now, total both columns again; they should be equal. Draw double lines to close the totals.
Finally, bring down the balance to the opposite side below the main total. Write 'To Balance b/d' (brought down) on the debit side or 'By Balance b/d' on the credit side. This becomes the opening balance for the next period.
3. How should a compound journal entry be posted to different ledger accounts?
When posting a compound journal entry (an entry with multiple debits and/or credits), the process requires careful attention. For example, in an entry like 'Wages A/c Dr., Rent A/c Dr., To Cash A/c':
Go to the debit side of the Wages Account and write 'To Cash A/c' with the corresponding amount.
Go to the debit side of the Rent Account and also write 'To Cash A/c' with its corresponding amount.
Go to the credit side of the Cash Account. Here, you will write 'By Wages A/c' and 'By Rent A/c' on separate lines with their respective amounts. This ensures each part of the transaction is correctly posted.
4. Why is the process of 'balancing' a ledger account so critical for preparing the Trial Balance?
The process of balancing is fundamental because the closing balances (Balance c/d) derived from each ledger account are the exact figures used to prepare the Trial Balance. The Trial Balance is a statement that lists all these closing debit and credit balances. If a ledger account is balanced incorrectly, the resulting figure will be wrong. This error will cause the total debits and total credits in the Trial Balance to not match, immediately indicating an arithmetical inaccuracy in the accounting process. Therefore, correct balancing is a prerequisite for an accurate Trial Balance.
5. What common error occurs when posting transactions to the ledger, and how can you avoid it?
A very common mistake is an error of posting, where an amount is posted to the correct side but in the wrong account (e.g., posting to 'Repairs to Building A/c' instead of 'Building A/c' for an extension), or posting to the wrong side of the correct account. To avoid this, always double-check the journal entry before posting. Ask yourself: which account is being debited and which is being credited? Following the step-by-step solutions in TS Grewal helps reinforce the habit of carefully reading the journal entry and posting to the exact account name mentioned.
6. What is the practical significance of the Journal Folio (J.F.) and Ledger Folio (L.F.) columns when solving ledger problems?
The Folio columns serve as a crucial cross-referencing system that connects the Journal and the Ledger.
The Ledger Folio (L.F.) column in the Journal records the page number of the Ledger where the posting has been made.
The Journal Folio (J.F.) column in the Ledger records the page number of the Journal from where the entry has been taken.
This system allows anyone to quickly trace any transaction from its origin (Journal) to its destination (Ledger) and vice-versa, which is essential for verification, auditing, and locating errors.
7. Beyond just debiting and crediting, what is the meaning of the 'To' and 'By' conventions used in a ledger account?
The terms 'To' and 'By' are not just formalities; they explain the double-entry aspect of a transaction within the ledger itself.
The word 'To' is used on the debit side and precedes the name of the account that was credited to create that debit. It essentially answers the question, 'This account was debited due to a credit in which other account?'
The word 'By' is used on the credit side and precedes the name of the account that was debited to create that credit. It answers, 'This account was credited due to a debit in which other account?'
This convention provides a complete narrative for each posting.
