[CBSE] Q 23, 24 Journal Solution TS Grewal Class 11 (2025-26)
Are you looking for the solution of Question number 23 and 24 of Journal chapter TS Grewal class 11 CBSE Board 2025-26?
Q. 23. Journalise the following transactions in the books of M/s. R.K. & Co.:
(i) Purchased goods of list price of ₹ 20,000 from Vishal at 20% trade discount against cheque payment.
(ii) Purchased goods of list price of ₹ 20,000 from Naman at 15% trade discount against cash.
(iii) Purchased goods of list price of ₹ 30,000 from Amrit at 20% trade discount.
(iv) Purchased goods from Hari & Co. of list price ₹ 40,000 for ₹ 35,000 against cash.
(v) Goods purchased from Amrit of list price ₹ 10,000 returned.
(vi) Sold goods to Parul of list price of ₹ 40,000 at 10% trade discount against cheque payment.
(vii) Sold goods to Aman of list price of ₹ 30,000 at 10% trade discount against cash.
(viii) Sold goods to Pawan of list price of ₹ 20,000 at 10% trade discount.
(ix) Sold goods to Yamini of list price of ₹ 25,000 for ₹ 23,000.
(x) Sold goods costing ₹ 10,000 at cost plus 20% less 10% trade discount to Bhupesh.
(xi) Sold goods purchased at list price of ₹ 50,000 sold at a profit of 25% less 10% trade discount against cheque.
(xii) Aman returned goods of list price of ₹ 10,000 sold to him at 10% trade discount.
Solution:-
Q. 24. Journalise the following transactions in the books of Bhushan Agencies:
(i) Received cash from Bharat ₹ 20,000, allowed him discount of ₹ 500.
(ii) Received from Vikas ₹ 35,000 by cheque, allowed him discount of ₹ 750.
(iii) Received cash from Akhil ₹ 38,000 in settlement of his dues of ₹ 40,000.
(iv) Received from Amrit ₹ 50,000 by cheque on account against dues of ₹ 60,000.
(v) Paid cash ₹ 39,200 to Suresh in settlement of his dues, availed discount of 2%.
(vi) Paid by cheque ₹ 25,000 to Mehar in settlement of her dues of ₹ 26,000.
(vii) Paid ₹ 25,000 to Yogesh by cheque on account.
(viii) Purchased goods costing ₹ 1,00,000 against cheque and availed discount of 3%.
(ix) Purchased goods costing ₹ 60,000 from Akash & Co., paid 50% immediately availing 3% discount.
(x) Sold goods of ₹ 30,000 against cheque allowing 2% discount.
(xi) Sold goods of ₹ 60,000 to Vimal received 50% of due amount allowing 2% discount.
(xii) Mittal Bros. purchased 100 shawls @ 3,000 per shawl. Allowed 10% Trade Discount and 3% Cash Discount if payment is made within 14 days. Mittal Bros. received 10 shawls of poor quality, which it returned. Mittal Bros. settled the payment in 10 days.
(xiii) Sold to Gupta Shawls, 100 shawls @ 200 per shawl on 4th January, 2022. Trade Discount 25% and Cash Discount 5% if full payment is made within 14 days. Gupta Shawls sent 50% of the payment on 14th January, 2022 and balance payment on 10th February, 2022.
[Hint: Gupta Shawls will not get cash discount as full payment is not made by it within 14 days.]
Solution:-
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