[ISC] Q 20 Journal Solutions TS Grewal Class 11 (2022-23)

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Are you looking for the solution of Question number 20 Journal TS Grewal class 11 ISC 2022-23?

Record the following transactions in the Journal of Ashoka Furniture Traders, Ludhiana (Punjab):

2022
Jan. 1
Started business with cash50,000
Jan. 2Opened a Current Account by personal cheque3,50,000
Jan. 10Purchased machinery against cheque1,00,000
Jan. 15Paid wages for installation of machinery2,000
Jan. 20Purchased timber from Singh & Co. Ludhiana (Punjab) at the list price of ₹ 20,000 less 10% trade discount
Jan. 25Out of the above, timber used for furnishing the office5,000
Jan. 31Sold timber to Rakesh on the list price of ₹ 10,000 and allowed him 10% trade discount
Feb. 10Issued a cheque to Singh & Co. in settlement17,500
Feb. 15Received from Rakesh in full and final settlement8,750
Feb. 20Paid fee to lawyer15,000
Feb. 25Issued a cheque for rent of February5,000

Solution:-

Below is the list of all the Practical problems

S.NSolutions
1Question – 1
2Question – 2
3Question – 3
4Question – 4
5Question – 5
6Question – 6
7Question – 7
8Question – 8
9Question – 9
10Question – 10
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11Question – 11
12Question – 12
13Question – 13
14Question – 14
15Question – 15
16Question – 16
17Question – 17
18Question – 18
19Question – 19
20Question – 20
S.NSolutions
21Question – 21
22Question – 22
23Question – 23
24Question – 24
25Question – 25
26Question – 26
27Question – 27
28Question – 28
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