[ISC] Q 23 Journal Solutions TS Grewal Class 11 (2026-27)
Solution of Question number 23 Journal TS Grewal class 11 ISC 2026-27
Q. 23. Pass Journal entries for the following adjustments as on 31st March, 2026:
(i) Charge Depreciation on Machinery: ₹ 10,000.
(ii) Outstanding Salaries: ₹ 7,000.
(iii) Rent due but not paid: ₹ 15,000.
(iv) Prepaid insurance : ₹ 5,000.
(v) Rent has been received in advance: ₹ 12,000.
(vi) Allow interest on capital : ₹ 6,500.
(vii) Charge interest on drawings: ₹ 1,500.
Solution:-
