[CBSE] Q 7 Journal Solution TS Grewal Class 11 (2023-24)

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Are you looking for the solution of Question number 7 of Journal chapter TS Grewal class 11 CBSE Board 2023-24?

Pass the necessary Journal entries for the following transactions:

April 1
Deposited in bank for opening a Current Account10000
April 2Withdrawn from bank5000
April 5Received a cheque from Ramesh to whom goods were sold for ₹ 12,000 last year Allowed him 1% discount on payment
April 7Ramesh’s cheque deposited in bank
April 9Ramesh’s cheque dishonoured (bank charges ₹ 20)
April 20Ramesh settled his account by issuing cheque including ₹ 60 for interest12080
April 21Cash directly deposited by Raja (customer) in bank account8000
April 23Bank draft got issued in favour of M/s Lal & Sons ₹ 5,000. Bank charges ₹ 700
April 28A bill of exchange of ₹ 4,000 (due after one month) discounted from bank for ₹ 3,800
April 30Received a cheque of ₹ 1,000 from Shyam after banking hours
April 30Goods sold for cash ₹ 7,000 and half of the sale proceeds deposited in bank


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Anurag Pathak
Anurag Pathak

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