[ISC] Q 19, 20 Journal Solutions TS Grewal Class 11 (2026-27)
Solution of Question number 19 and 20 Journal TS Grewal class 11 ISC 2026-27
Q. 19. Mittal Cycles purchased 100 cycles from Hero Cycles, Ludhiana (Punjab) @ 5,000 per cycle. Hero Cycles allows 10% Trade Discount and 3% Cash Discount if payment is made within 14 days. Mittal Cycles received 10 Cycles damaged during transit, which it returned Mitttla Cycles settled the payment in 10 days time.
Pass Journal entries for teh above transactions.
Solution:-
Q. 20. Oswal Woolen Mills, Amritsar (Punjab) sold shawls to Gupta Shawls, Jaipur as per details:
Sold 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.
Pass Journal entries.
Solution:-
