[CBSE] Q 24 Journal Solutions TS Grewal Class 11 (2024-25)

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Solution of Question number 24 of Journal chapter TS Grewal class 11 CBSE Board 2024-25.

Journalise the following transactions:

(i) Shyam became insolvent. Compensation of 75 paise in a rupee was received from his official Receiver. He owed us10,000
(ii) Received cash from Ramesh whose account was written off last year as bad debt5,000
(iii) Rent due to landlord8,000
(iv) Salaries due to staff10,000
(v) Placed an order with Rakesh for supply of goods of the list price of ₹ 1,00,000. In this connection, Raman paid 10% of the list price as an advance by cheque.
(vi) Supplied goods costing ₹ 3,600 to Sanjay. Issued invoice at 20% above Cost less 10% Trade Discount.
(vii) Paid ₹ 1,000 in cash to Radhey for outstanding bill for printing.

Solution:-

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