[CBSE] Q 17 Journal Solution TS Grewal Class 11 (2022-23)

Are you looking for the solution of Question number 17 of Journal chapter TS Grewal class 11 CBSE Board 2022-23?

Journalise the following transactions in the books of M/s. R.K. & Co.:

(i) Purchased goods of list price of ₹ 20,000 from Vishal at 20% trade discount against cheque payment.

(ii) Purchased goods of list price of ₹ 20,000 from Naman at 15% trade discount against cash.

(iii) Purchased goods of list price of ₹ 30,000 from Amrit at 20% trade discount.

(iv) Purchased goods from Hari & Co. of list price ₹ 40,000 for ₹ 35,000 against cash.

(v) Goods purchased from Amrit of list price ₹ 10,000 returned.

(vi) Sold goods to Parul of list price of ₹ 40,000 at 10% trade discount against cheque payment.

(vii) Sold goods to Aman of list price of ₹ 30,000 at 10% trade discount against cash.

(viii) Sold goods to Pawan of list price of ₹ 20,000 at 10% trade discount.

(ix) Sold goods to Yamini of list price of ₹ 25,000 for ₹ 23,000.

(x) Sold goods costing ₹ 10,000 at cost plus 20% less 10% trade discount to Bhupesh.

(xi) Sold goods purchased at list price of ₹ 50,000 sold at a profit of 25% less 10% trade discount against cheque.

(xii) Aman returned goods of list price of ₹ 10,000 sold to him at 10% trade discount.

Solution:-

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