[ISC] Q 28 Journal Solutions TS Grewal Class 11 (2024-25)

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Solution of Question number 28 Journal TS Grewal class 11 ISC 2024-25.

Pass Journal entries in the books of Puneet, Delhi for the following:

(i) Received an order from karan & Co. for supply of goods of ₹ 50,000.

(ii) Received an order from AK & Co. for goods of ₹ 1,00,000 along with a cheque for ₹ 25,000 as advance.

(iii) Paid to staff ₹ 40,000 against outstanding salary of ₹ 60,000.

(iv) Sold goods to Bharat, Kaithal (Haryana) of ₹ 10,000 out of which 1/5th were returned being defective.

(v) Cheque of ₹ 20,000 issued by Feroz was dishonoured.

(vi) Received 40 paise in a rupee from Feroz against the above dues.

(vii) Received a cheque of ₹ 25,000 from Mohan after banking hours.

(viii) Purchased goods from Barun of Chandigarh of ₹ 10,000 and sold them to Arun of Shimla (HP) at ₹ 20,650.

(ix) Arun returned goods of ₹ 5,900, which were returned to Barun.

(x) Puneet purchased 10 TV sets @ ₹ 20,000 per set. It sold all the sets @ ₹ 25,000 per set.

(xi) Paid insurance of ₹ 12,000 for a period of one year.

(xii) Sold personal car for ₹ 1,00,000 and invested the amount in the firm.

(xiii) Goods costing ₹ 1,00,000 were destroyed in fire. Insurance company admitted the claim for ₹ 75,000.

(xiv) Purchased machinery for ₹ 50,000 and paid cartage and installation charges thereon ₹ 5,000 and ₹ 10,000 respectively.

(xv) Goods costing ₹ 40,000 sold to Amit at a profit of 20% on sales less 10% Trade Discount and received a cheque under 2% cash discount.

(xvi) Purchased machinery from New Machinery House for ₹ 50,000 and paid it by means of a bank draft. paid bank charges ₹ 50.

Below is the list of all the Practical problems

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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
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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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Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his Youtube channel for free lectures

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