[ISC] Q 14 Sub Division Journal Solutions TS Grewal Class 11 (2023-24)

Solution of Question number 14 of Sub Division Journal TS Grewal class 11 ISC 2023-24?

(Transfer Entries), Give the Journal entries for the following:

(i) Gross Profit of ₹ 32,000 from Trading Account ot Profit & Loss Account.

(ii) Net Profit of ₹ 14,500 to Capital Account of Sri Sankar Saha.

(iii) Sri Sankar Saha draws ₹ 10,000 from his Capital Account.

(iv) Purchases Return of ₹ 7,000.

(v) Sales Return of ₹ 6,000.

Solution:-

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