[ISC] Q 13, 14 Sub Division Journal Solutions TS Grewal Class 11 (2026-27)
Solution of Question number 13 and 14 of Sub Division Journal TS Grewal class 11 ISC 2026-27
Q. 13. Freehold Premises ₹ 30,000; Plant and Machinery ₹ 20,000; Sundry Debtors ₹ 25,000; Purchases ₹ 37,500; Sales ₹ 95,000; Discount (Dr.) ₹ 150; Discount (Cr.) ₹ 175; Sundry Creditors ₹ 12,500; Carriage Inwards ₹ 375; Carriage Outwards ₹ 600; Furniture and Fixtures ₹ 2,500; Wages ₹ 5,000; Bad Debts ₹ 750; Salaries ₹ 3,600; Commission (Cr.) ₹ 2,125; Capital Account – ₹ 25,000; Bills Payable ₹ 7,500; Bills Receivable ₹ 9,000; Trade Expenses ₹ 2,550; Ram’s Loan Account ₹ 20,000; Cash in Hand ₹ 75; Cash at Bank ₹ 3,125.
Solution:-
Q. 14. (Transfer Entries), Give the Journal entries for the following:
(i) Gross Profit of ₹ 32,000 from Trading Account ot Profit & Loss Account.
(ii) Net Profit of ₹ 14,500 to Capital Account of Sri Sankar Saha.
(iii) Sri Sankar Saha draws ₹ 10,000 from his Capital Account.
(iv) Purchases Return of ₹ 7,000.
(v) Sales Return of ₹ 6,000.
Solution:-
