[ISC] Q 25 Journal Solutions TS Grewal Class 11 (2024-25)

Solution of Question number 25 Journal TS Grewal class 11 ISC 2024-25.

Pass Journal entries to record the following transactions in the books of Subasis Sarkar, Kolkata:

(i) Purchased from Kamal Banerjee, Kolkata as per details:

(a) List Price ₹ 70 per pen.

(b) Trade Discount @ 10% and Cash Discount 5%.

(c) 1,000 pieces were purchased and amount was paid immediately by cheque.

(ii) Sold to Sengupta of Patna as follows:

(a) List Price ₹ 140 per pen.

(b) Trade Discount 5% and Cash Discount 5%

(c) 500 pieces were sold and cheque was received immediately.

(iii) Sold 300 pieces to Duttagupta, Kolkata on the following terms:

(a) List Price ₹ 70 per pen.

(b) Trade Discount 5% and Cash Discount 5%, if payment is made within 7 days of sales. Duttagupta made payment after 21 days.

(iv) Rajan who owed ₹ 10,000 settled his account by paying ₹ 9,900.

(v) Settled Ajay’s Account of ₹ 15,000 by paying ₹ 14,500.

Solution:-

Below is the list of all the Practical problems

S.N	Solutions
1	Question – 1
2	Question – 2
3	Question – 3
4	Question – 4
5	Question – 5
6	Question – 6
7	Question – 7
8	Question – 8
9	Question – 9
10	Question – 10

S.N	Solutions
11	Question – 11
12	Question – 12
13	Question – 13
14	Question – 14
15	Question – 15
16	Question – 16
17	Question – 17
18	Question – 18
19	Question – 19
20	Question – 20

S.N	Solutions
21	Question – 21
22	Question – 22
23	Question – 23
24	Question – 24
25	Question – 25
26	Question – 26
27	Question – 27
28	Question – 28