[DK Goel] Q. 24 Books of Original Entry Journal Solutions Class 11 CBSE (2025-26)

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Solutions of Question number 24 of Chapter 9 Books of Original Entry Journal DK Goel class 11 CBSE (2025-26).

Journalise the following transactions in the books of Kanishk Traders:

(i)Sold goods costing ₹ 1,20,000 to Charu at a profit of 331/3% on cost less 15% Trade Discount.
(ii)Sold goods costing ₹ 80,000 to Arun against cheque at a profit of 25% on cost less 15% Trade Discount.
(iii)Paid by cheque ₹ 8,400 as insurance premium for a period of 12 months starting 1st August 2022. Financial year closes on 31st March every year.

[Ans. Total ₹ 2,32,200.]

Solution:-

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