[CBSE] Q 16 Journal Solution TS Grewal Class 11 (2022-23)

Are you looking for the solution of Question number 16 of Journal chapter TS Grewal class 11 CBSE Board 2022-23?

Enter the following transactions in the Journal of Suresh, Delhi who trades in readymade garments:

2022 April 1	Suresh paid on bank as capital	60,000
April 2	He bought goods and paid by cheque	24,000
April 3	Sold goods to Mukand & Co. Delhi	6,700
April 4	Sold goods for cash	10,900
April 5	Paid sundry expenses in cash	3,000
April 8	Paid for office furniture and fittings by cheque	4,000
April 9	Bought goods from Ramesh & Bros.	10,600
April 11	Returned goods to Ramesh & Bros.	1,500
April 12	Issued cheque to Ramesh & Bros. in settlement	8,500
April 12	Goods costing ₹ 5,000 destryoed by fire
April 20	Insurance company paid claim	4,000
April 30	Bank charged interest	200
April 30	Borrowed from Ridhi @ 10% per annum interest	50,000
April 30	Received from Mukand & Co. on account	3,000
April 30	Sold household furniture and paid the amount into business.	10,000
April 30	Sold goods costing ₹ 5,000 to Anita for cash at a profit of 20% on cost, less 20% trade discount
April 30	Sold goods costing ₹ 20,000 to Sunil at a profit of 20% on sale less 20% Trade Discount and paid cartage ₹ 150 (to be charged from customer)

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