[ISC] Q 17, 18 Journal Solutions TS Grewal Class 11 (2026-27)
Solution of Question number 17 and 18 Journal TS Grewal class 11 ISC 2026-27
Q. 17. Journalise the following transactions in the books of Manish:
(i) Withdrew goods for personal use (Sales Price1,500, Cost1,200).
(ii) Goods costing 1,250 given as Charity (Sales Price 1,800).
(iii) Goods costing ₹ 1,000 distributed as sample (Sales Price ₹ 1,350).
(iv) Goods stolen in transit (Sales Price2,000, Cost1,800).
(v) Goods destroyed by fire (Sales Price 2,000, Cost 1,800).
(vi) Goods stolen by an employee (Sales Price ₹ 1,000, Cost ₹ 600).
(vii) Goods used in making of furniture (Sales Price 4,500, Cost 3,000).
Solution:-
Q. 18. 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:-
