[CBSE] Q 25, 26 Journal Solution TS Grewal Class 11 (2025-26)
Are you looking for the solution of Question number 25 and 26 of Journal chapter TS Grewal class 11 CBSE Board 2025-26?
Q. 25. Journalise the following transactions:
| (i) Shyam became insolvent. Compensation of 75 paise in a rupee was received from his official Receiver. He owed us | 10,000 |
| (ii) Received cash from Ramesh whose account was written off last year as bad debt | 5,000 |
| (iii) Rent due to landlord | 8,000 |
| (iv) Salaries due to staff | 10,000 |
| (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:-
Q. 26. Journalise the following entries:
(i) Goods costing ₹ 500 given as charity.
(ii) Sold goods to Mayank of ₹ 1,00,000, payable 25% by cheque at the time of sale and balance after 30 days of sale.
(iii) Received ₹ 975 from Harikrishna in settlement of his account of ₹ 1,000.
(iv) Received dividend of 60 paise in a rupee from the Official Receiver of Rajan, who owed us ₹ 1,000.
(v) Charge interest on Drawings ₹ 1,500.
(vi) Sold goods to Anil costing ₹ 40,000 for cash at a profit of 25% on cost less 20% trade discount.
(viii) Paid cartage of ₹ 100 for delivery of goods.
(viii) Paid income tax ₹ 15,000.
Solution:-
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