[CBSE] Q 17, 18 Journal Solution TS Grewal Class 11 (2025-26)
Are you looking for the solution of Question number 17 and 18 of Journal chapter TS Grewal class 11 CBSE Board 2025-26?
Q. 17. Pass Journal entries for the following transactions:
(a) Muskaan started business with cash ₹ 3,00,000, Stock ₹ 5,00,000 and building ₹ 25,00,000.
(b) Construction of power-back room ₹ 1,00,000.
(c) Paid insurance premium for stock ₹ 15,000 and self ₹ 7,000.
(d) Goods destroyed by fire ₹ 80,000, Insurance Claim lodged.
(e) Commission received ₹ 25,000, 20% being received in advance.
(f) Insurance company paid 80% in full and final settlement.
(g) Salaries paid ₹ 48,000 and due ₹ 22,000.
(h) Provide Depreciation on Building @ 10% per annum.
Solution:-
Q. 18. Following transactions of Ramesh for April, 2022 are given below. Journalise them.
| 2022 April 1 | Ramesh started business with cash | 1,00,000 |
| April 2 | Paid into bank | 20,000 |
| April 3 | Bought goods for cash | 50,000 |
| April 4 | Drew cash from bank for office use | 10,000 |
| April 13 | Sold goods to Krishna | 15,000 |
| April 20 | Bought goods from Shyam | 22,500 |
| April 22 | Krishna returned goods | 2,000 |
| April 24 | Received from Krishna Allowed him discount | 12,500 500 |
| April 28 | Paid cash to Shyam Discount received | 21,500 1,000 |
| April 30 | Sold for Cash to Mohan, Rakesh and Mayank | 80,000 |
| April 30 | Paid rent | 5,000 |
| April 30 | Paid salary | 10,000 |
Solution:-
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