[CBSE] Q 5 Journal Solution TS Grewal (2024-25) Class 11

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Solution of Question number 5 of Journal chapter TS Grewal class 11 CBSE Board 2024-25.

Pass Journal entries for the following transactions:

2022
April 1
Mohan is declared insolvent. Received first and final dividend from his official Receiver 50 paise in a rupee against a debt of ₹ 5,000.
April 2₹ 8,000 due from Ramesh is not recoverable.
April 3Shyam, who owed ₹ 15,000 became insolvent and 50% is received from his estate.
April 4Received ₹ 10,000 in cash from Sohan for bad debts written off last year.

Solution:-

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