[CBSE] Q 11 Journal Solution TS Grewal Class 11 (2022-23)

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Are you looking for the solution of Question number 11 of Journal chapter TS Grewal class 11 CBSE Board 2022-23?

Following balances existed in the books of M/s Anand stores as on 1st April, 2022:

Assets:Cash ₹ 60,000; Bank ₹ 40,000; Stock ₹ 1,50,000; Furniture ₹ 43,000; Debtors ₹ 1,45,000 (X ₹ 35,000; Y ₹ 50,000; Z ₹ 60,000).
Liabilities:Loan from Vikas ₹ 60,000; Creditors ₹ 52,500 (A ₹ 22,500; B ₹ 30,000).

Pass necessary Journal entry to record the above balances.

[Capital – ₹ 3,25,500.]

Solution:-

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