[ISC] Q 21 Journal Solutions TS Grewal Class 11 (2023-24)

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Are you looking for the solution of Question number 21 Journal TS Grewal class 11 ISC 2023-24?

Journalise the following transactions:

2022
(a)
Shyam became insolvent. A first and final compensation of 75 paise in a rupee was received from his official receiver. He owed a debt of10,000
(b)Received cash for a bad debt written off last year5,000
(c)Rent due to landlord8,000
(d)Depreciation on office furniture1,000
(e)Salaries due to staff10,000
(f)Paid income tax30,000
(g)Received commission ₹ 5,000, half of which is in advance.
(h)Bank levied bank charges500
(i)Sold personal car for ₹ 1,00,000 and deposited the amount in firm’s account

Solution:-

Below is the list of all the Practical problems

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