[ISC] Q 7, 8 Journal Solutions TS Grewal Class 11 (2026-27)

Solution of Question number 7 and 8 Journal TS Grewal class 11 ISC 2026-27

Q. 7. Journalise the following transactions in the books of Mohan, Delhi:

(i) Raj of Alwar, Rajasthan, who owed Mohan ₹ 25,000, became insolvent. Mohan received 60 paise in a rupee as full and final settlement.

(ii) Mohan owes to his landlord ₹ 10,000 as rent.

(iii) Charge depreciation of 10% on furniture of ₹ 50,000.

(iv) Salaries due to employees: ₹ 20,000.

(v) Sold to Sunil goods in cash of ₹ 10,000 less 10% trade discount and received a net of ₹ 8,500.

(vi) Provide interest on capital of ₹ 1,00,000 @ 10% per annum.

(vii) Goods lost in theft costing ₹ 5,000.

Solution:-

Q. 8. Journalise the following transactions in the books of Vijay Furniture, Delhi:

(i) Sold goods costing ₹ 1,50,000 to Asha at a profit of 20% on sales less 10% Trade Discount. Paid cartage of ₹ 1,250 to be charged from Asha.

(ii) Goods sold to Mohan costing ₹ 75,000 at a Trade Discount of 10% and paid cartage of ₹ 750 (not to be charged from customer).

(iii) Received ₹ 1,000 from Sohan, which were written off as bad debts in previous year.

(iv) Purchased a machinery on credit for ₹ 75,000 from Usha Tools Ltd. paid ₹ 10,000 for its loading and ₹ 2,500 for its installation.

(v) Used timber of ₹ 20,000 for making office furniture.

(vi) Timber costing ₹ 10,000 were used by the owner in making furniture to be used at his residence.

Solution:-