Ledger

Chapter 4 Page 89
Meaning of Ledger:
Ledger is called as a main Book of Accounts or Principal Book of Accounts or it is also called as Book of Final
Entry.
Once the transactions are recorded in Journal or Subsidiary books the next step is to transfer those transactions
in their respective accounts opened in the Ledger.
Ledger is a summarized record which contains all the accounts e.g. Assets A/c , Liabilities A/c, Capital A/c ,
Income A/c , Expenses A/c.
Specimen of the Ledger in ‘T’ form is given below:
In the books of …………..
DR. (Name of the Account) CR.
DATE PARTICULARS J.F. AMT. ₹. DATE PARTICULARS J.F. AMT. ₹.
YEAR TO (name of the account XXX YEAR BY ( name of the account XXX
MONTH/ credited) MONTH/ debited)
DATE DATE
 In the books of….
Dr. Raghav’s a/c Cr.
Date Particulars J. Amt.₹. Date Particulars J. Amt.₹.
F F.
.
2018 2018
Feb 1 To Sales A/c 6,000 Feb 3 By Cash A/c 5,400
17 To Sales A/c 14,000 3 By Discount A/c 600
20 By Cash A/c 6,000
28 By Balance c/d 8,000
20,000 20,000
Mar 1 To Balance b/d 8,000
 Journal In The Books Of Vinay
DATE PARTICULARS L. DEBIT CREDIT
F. AMT. ₹. AMT.₹.
2019 Cash A/c Dr. 10,000
Jan. 1 To Capital A/c 10,000
(Being business started with Cash.)
6 Purchases A/c Dr. 3,000
To Vikas A/c 3,000
(Being goods purchased on credit.)
9 Bhushan’s A/c Dr. 2,400
To Sales A/c 2,400
(Being goods sold on credit.)
12 Vikas A/c Dr. 1,600
To Cash A/c 1,600
(Being Cash paid to Vikas.)
19 Cash A/c Dr. 1,000
To Bhushan’s A/c 1,000
(Being Cash received.)
25 Purchases A/c Dr. 3,600
To Cash A/c 3,600
(Being goods purchased on cash.)
30 Cash A/c Dr. 5,000
To Sales A/c 5,000
(Being goods sold on cash.)

31 Wages A/c Dr. 400

To Cash A/c 400
(Being wages paid.)
Total 27,000 27,000
 Journal In The Books Of Vinay In The Books Of Vinay
Dr. Cash A/c Cr.
DATE PARTICULARS L. DEBIT CREDIT
F. AMT. ₹. AMT. ₹. Date Particulars J.F. Amt.₹. Date Particulars J.F. Amt.₹.

2019 Cash A/c Dr. 10,000 2019 2019

Jan. 1 To Capital A/c 10,000 Jan 1 To Capital A/c 10,000 Jan 12 By Vikas A/c 1,600
(Being business started with Cash.) 19 To Bhushan’s A/c 1,000 25 By Purchases A/c 3,600
6 Purchases A/c Dr. 3,000 30 To Sales A/c 5,000 31 By Wages A/c 400
To Vikas A/c 3,000
(Being goods purchased on credit.) 31 By Balance c/d 10,400

9 Bhushan’s A/c Dr. 2,400 16,000 16,000

To Sales A/c 2,400 Feb 1 To Balance b/d 10,400
(Being goods sold on credit.)
12 Vikas A/c Dr. 1,600 Dr. Capital A/c Cr.
To Cash A/c 1,600
(Being Cash paid to Vikas.) Date Particulars J.F. Amt.₹. Date Particulars J.F. Amt.₹.

19 Cash A/c Dr. 1,000 2019 2019

To Bhushan’s A/c 1,000 Jan31 To Balance c/d 10,000 Jan 1 By Cash A/c 10,000
(Being Cash received.)
25 Purchases A/c Dr. 3,600 10,000 10,000
To Cash A/c 3,600
(Being goods purchased on cash.) Feb1 By Balance b/d 10,000

30 Cash A/c Dr. 5,000 Dr. Purchases A/c Cr.

To Sales A/c 5,000
(Being goods sold on cash.) Date Particulars J.F. Amt.₹. Date Particulars J.F. Amt.₹.

31 Wages A/c Dr. 400 2019 2019 6,600

To Cash A/c 400 Jan 6 To Vikas A/c 3,000 Jan31 By Balance c/d
(Being wages paid.) 25 To Cash A/c 3,600
Total 27,000 27,000 6,600 6,600
Feb1 To Balance b/d 6,600
 Journal In The Books Of Vinay
DATE PARTICULARS L. DEBIT CREDIT Dr. Vikas A/c Cr.
F. AMT. ₹. AMT. ₹.
Date Particulars J.F. Amt.₹. Date Particulars J.F. Amt.₹.
2019 Cash A/c Dr. 10,000
Jan. 1 To Capital A/c 10,000 2019 2019
(Being business started with Cash.) Jan12 To Cash A/c 1,600 Jan 6 By Purchases A/c 3,000

6 Purchases A/c Dr. 3,000 31 To Balance c/d 1,400

To Vikas A/c 3,000 3,000 3,000
(Being goods purchased on credit.)
Feb1 By Balance b/d 1,400
9 Bhushan’s A/c Dr. 2,400
To Sales A/c 2,400
(Being goods sold on credit.) Dr. Bhushan’s A/c Cr.
12 Vikas A/c Dr. 1,600 Date Particulars J.F. Amt.₹. Date Particulars J.F. Amt.₹.
To Cash A/c 1,600 2019 2019
(Being Cash paid to Vikas.) Jan 9 To Sales A/c 2,400 Jan19 By Cash A/c 1,000
19 Cash A/c Dr. 1,000 31 By Balance c/d 1,400
To Bhushan’s A/c 1,000
(Being Cash received.) 2,400 2,400

25 Purchases A/c Dr. 3,600 Feb 1 To Balance b/d 1,400

To Cash A/c 3,600
(Being goods purchased on cash.)
Dr. Sales A/c Cr.
30 Cash A/c Dr. 5,000
To Sales A/c 5,000 Date Particulars J.F. Amt.₹. Date Particulars J.F. Amt.₹.
(Being goods sold on cash.) 2019 2019
31 Wages A/c Dr. 400 Jan31 To Balance c/d 7,400 Jan 9 By Bhushan’s A/c 2,400
To Cash A/c 400 30 By Cash A/c 5,000
(Being wages paid.)
7,400 7,400
Total 27,000 27,000
Feb1 By Balance b/d 7,400
 Journal In The Books Of Vinay
DATE PARTICULARS L. DEBIT CREDIT
F. AMT. ₹. AMT. ₹. Dr. Wages A/c Cr.
2019 Cash A/c Dr. 10,000 Date Particulars J.F. Amt.₹. Date Particulars J.F. Amt.₹.
Jan. 1 To Capital A/c 10,000 2019 2019
(Being business started with Cash.) Jan31 To Cash A/c 400 Jan31 By Balance c/d 400
6 Purchases A/c Dr. 3,000
To Vikas A/c 3,000
(Being goods purchased on credit.) 400 400

9 Bhushan’s A/c Dr. 2,400 Feb 1 To Balance b/d 400

To Sales A/c 2,400
(Being goods sold on credit.)
12 Vikas A/c Dr. 1,600
To Cash A/c 1,600
(Being Cash paid to Vikas.)
19 Cash A/c Dr. 1,000
To Bhushan’s A/c 1,000
(Being Cash received.)
25 Purchases A/c Dr. 3,600
To Cash A/c 3,600
(Being goods purchased on cash.)
30 Cash A/c Dr. 5,000
To Sales A/c 5,000
(Being goods sold on cash.)

31 Wages A/c Dr. 400

To Cash A/c 400
(Being wages paid.)
Total 27,000 27,000