You’ve successfully written the journal entries, now let’s get to the next step: posting them into the ledger. NCERT Solutions for Class 11 Accountancy Chapter 4, Recording of Transactions – II, is all about how to transfer your journal entries into their appropriate accounts in the ledger. Think of the journal as your inbox and the ledger as the folder system where everything is neatly organized. 📂
One of the coolest things you’ll learn here is the double-entry system, which is like the core of accounting. For every transaction, there’s always a corresponding entry in a different account. So if you purchase something on credit, your Purchases account is debited, and your Accounts Payable account is credited. It’s like a game of balancing! 🎮
This chapter will also introduce you to some important terms like posting, balance of accounts, and trial balance. If the journal is your sketchpad, the ledger is your masterpiece. It organizes everything so you can look at it and know exactly what’s going on.
Key Takeaway: Chapter 4 takes you deeper into the ledger, helping you organize and classify transactions with precision. It’s like the final puzzle piece that completes your accounting picture!
NCERT Solutions for Class 11 Accountancy Chapter 4 Recording of Transactions – II
NCERT Solutions for Class 11 Accountancy Chapters
- NCERT Solutions for Class 11 Accountancy Chapter 1: Introduction to Accounting 🎉
- NCERT Solutions for Class 11 Accountancy Chapter 2: Theory Base of Accounting 🏆
- NCERT Solutions for Class 11 Accountancy Chapter 3: Recording of Transactions – I 📝
- NCERT Solutions for Class 11 Accountancy Chapter 4: Recording of Transactions – II 🔄
- NCERT Solutions for Class 11 Accountancy Chapter 5: Bank Reconciliation Statement 🧩
- NCERT Solutions for Class 11 Accountancy Chapter 6: Trial Balance and Rectification of Errors 😅
- NCERT Solutions for Class 11 Accountancy Chapter 7: Depreciation, Provisions, and Reserves 💡
- NCERT Solutions for Class 11 Accountancy Chapter 8: Bills of Exchange 📃
- NCERT Solutions for Class 11 Accountancy Chapter 9: Financial Statements – 1 📊
- NCERT Solutions for Class 11 Accountancy Chapter 10: Financial Statements – 2 📈
