[CBSE] Q 12 Journal Solution TS Grewal Class 11 (2023-24)

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Are you looking for the solution of Question number 12 of Journal chapter TS Grewal class 11 CBSE Board 2023-24?

Pass Journal entries for the following transactions:

(a) Pankaj started business with cash ₹ 2,00,000 and Bank ₹ 8,00,000.

(b) Bought a machinery for ₹ 25,00,000 by making a down-payment of 10%.

(c) Paid ₹ 48,000 as wages for installation of machine.

(d) Bought goods from Chhabra Bros. ₹ 3,00,000.

(e) Withdrawn from bank ₹ 50,000.

(f) Repaid bank loan ₹ 35,000 including interest of ₹ 3,000.

(g) Sold goods to Samuel ₹ 40,000.

(h) Received from Samuel ₹ 39,750, discount allowed ₹ 250.

(i) Paid rent of ₹ 37,500 by cheque.

(j) Provide depreciation on machinery at 15% per annum.


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Anurag Pathak

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