[ISC] Q 7 Journal Solutions TS Grewal Class 11 (2023-24)
Are you looking for the solution of Question number 7 Journal TS Grewal class 11 ISC 2023-24?
From the following transactions, state the nature of account and state which account will be debited and which account will be credited:
| S.N | Particualrs | ₹ |
| 1 | Kabir started business with cash | 5,00,000 |
| 2 | He purchased furniture for business | 1,00,000 |
| 3 | Purchased goods from Anshul | 30,000 |
| 4 | Paid to his creditor, Anshul | 10,000 |
| 5 | Paid salary | 5,000 |
| 6 | Paid rent | 2,500 |
| 7 | Received interest | 500 |
Solution:-
| i) | Cash Capital | Debit Credit | 5,00,000 5,00,000 |
| (ii) | Furniture Cash | Debit Credit | 1,00,000 1,00,000 |
| (iii) | Purchase Anshul | Debit Credit | 30,000 30,000 |
| (iv) | Anshul Cash | Debit Credit | 10,000 10,000 |
| (v) | Salary Cash | Debit Credit | 5000 5000 |
| (vi) | Rent Cash | Debit Credit | 2500 2500 |
| (vii) | Cash Interest | Debit Credit | 500 500 |
