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[ISC] Q 2 Journal Solutions TS Grewal Class 11 (2024-25)

Solution of Question number 2 Journal TS Grewal class 11 ISC 2024-25.

Classify the following into Asset, Liability, Capital, Revenue or Expense Accounts:

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(i) Plant and Machinery	(ii) Bank Loan	(iii) Sales
(iv) Rent Paid	(v) Discount Received	(vi) Carriage Inwards
(vii) Carriage Outwards	(viii) Purchases	(ix) Bills Payable
(x) Wages	(xi) Advance Income	(xii) Accrued Income
(xiii) Goodwill	(xiv) Furniture and Fixtures	(xv) Outstanding Expenses
(xvi) Additional Capital	(xvii) Rent Received

Solution:-

S.N	Solutions
1) Plant and Machinery	Assets
2) Bank Loan	Liabilities
3) Sales	Revenue
4) Rent Paid	Expenses
5) Discount Received	Revenue
6) Carriage Inwards	Expenses
7) Carriage Outwards	Expenses
8) Purchases	Expenses
9) Bills Payable	Liabilities
10) Wages	Expenses
11) Advance Income	Liabilities
12) Accrued Income	Assets
13) Goodwill	Assets
14) Furniture & Fixtures	Assets
15) Outstanding Expenses	Liabilities
16) Additional Capital	Capital
17) Rent Received	Revenue

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Below is the list of all the Practical problems

S.N	Solutions
1	Question – 1
2	Question – 2
3	Question – 3
4	Question – 4
5	Question – 5
6	Question – 6
7	Question – 7
8	Question – 8
9	Question – 9
10	Question – 10

S.N	Solutions
11	Question – 11
12	Question – 12
13	Question – 13
14	Question – 14
15	Question – 15
16	Question – 16
17	Question – 17
18	Question – 18
19	Question – 19
20	Question – 20

S.N	Solutions
21	Question – 21
22	Question – 22
23	Question – 23
24	Question – 24
25	Question – 25
26	Question – 26
27	Question – 27
28	Question – 28

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