[CBSE] Q 4 Journal Solution TS Grewal Class 11 (2022-23)

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Are you looking for the solution of Question number 4 of Journal chapter TS Grewal class 11 CBSE Board 2022-23?

Pass necessary Journal entries for the following transactions:

2022
April – 5
Paid salaries ₹ 30,000, rent ₹ 10,000 and wages ₹ 8,000 by cheque.
April – 7Purchased goods from Hari for ₹ 30,000 at 10% trade discount and 2% cash discount. payment was made immediately.
April – 15Paid to Raju ₹ 5,000 in cash and ₹ 7,000 by cheque.
April – 18Goods sold to Roma for ₹ 5,000 at 20% Trade discount and 3% Cash discount. Half of the payment was received immediately.
April – 20Goods sold to Ramesh for ₹ 8,000. He paid ₹ 5,000 by cheque immediately.
April – 25Additional capital introduced as: cash ₹ 10,000; and Delivery Van (Personal asset) of ₹ 50,000.
April – 26Cash paid to Anil ₹ 975. Discount received ₹ 25.
April – 30Paid to Raju ₹ 1,000 in cash and ₹ 2,000 by cheque.
April – 30Paid ₹ 4,800 to Mohan in settlement of his account for ₹ 5,000.

Solution:-

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