[CBSE] Q 7, 8 Journal Solution TS Grewal Class 11 (2025-26)
Are you looking for the solution of Question number 7 and 8 of Journal chapter TS Grewal class 11 CBSE Board 2025-26?
Q. 7. Pass the necessary Journal entries for the following transactions:
| 2022 April 1 | Deposited in bank for opening a Current Account | 10000 |
| April 2 | Withdrawn from bank | 5000 |
| April 5 | Received a cheque from Ramesh to whom goods were sold for ₹ 12,000 last year Allowed him 1% discount on payment | |
| April 7 | Ramesh’s cheque deposited in bank | |
| April 9 | Ramesh’s cheque dishonoured (bank charges ₹ 20) | |
| April 20 | Ramesh settled his account by issuing cheque including ₹ 60 for interest | 12080 |
| April 21 | Cash directly deposited by Raja (customer) in bank account | 8000 |
| April 23 | Bank draft got issued in favour of M/s Lal & Sons ₹ 5,000. Bank charges ₹ 700 | |
| April 28 | A bill of exchange of ₹ 4,000 (due after one month) discounted from bank for ₹ 3,800 | |
| April 30 | Received a cheque of ₹ 1,000 from Shyam after banking hours | |
| April 30 | Goods sold for cash ₹ 7,000 and half of the sale proceeds deposited in bank |
Solution:-
Q. 8. Pass necessary Journal entries for the following transactions:
| 2022 April 1 | Goods withdrawn by owner for personal use | 1000 |
| April 2 | Goods distributed as sample | 500 |
| April 3 | Goods Given as charity | 300 |
| April 4 | Timber used for making office furniture ₹ 5,000 (Assume that the firm is a timber merchant) | |
| April 5 | Goods destroyed by fire | 3500 |
| April 6 | Goods lost in transit | 2000 |
Solution:-
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