Are you looking for the solution of Question number 17 Journal TS Grewal class 11 ISC 2023-24?
Journalise the following transactions in the books of Vijay Furniture, Delhi:
(i) Sold goods costing ₹ 1,50,000 to Asha at a profit of 20% on sales less 10% Trade Discount. Paid cartage of ₹ 1,250 to be charged from Asha.
(ii) Goods sold to Mohan costing ₹ 75,000 at a Trade Discount of 10% and paid cartage of ₹ 750 (not to be charged from customer).
(iii) Received ₹ 1,000 from Sohan, which were written off as bad debts in previous year.
(iv) Purchased a machinery on credit for ₹ 75,000 from Usha Tools Ltd. paid ₹ 10,000 for its loading and ₹ 2,500 for its installation.
(v) Used timber of ₹ 20,000 for making office furniture.
(vi) Timber costing ₹ 10,000 were used by the owner in making furniture to be used at his residence.