[ISC] Q 8 Journal Solutions TS Grewal Class 11 (2022-23)
Are you looking for the solution of Question number 8 Journal TS Grewal class 11 ISC 2022-23?
Analyse the following transactions, state the nature of accounts and state which account will be debited and which account will be credited:
| S.N | Purchased furniture for cash from Raj Furniture House | ₹ |
| 1 | Purcahsed furniture for cash from Raj Furniture House | 75,000 |
| 2 | Purchased goods for cash | 55,000 |
| 3 | Sold goods for cash to Pal | 35,000 |
| 4 | Sold goods to Om | 60,000 |
| 5 | Deposited cash in bank for opening an account | 70,000 |
| 6 | Received a cheque from Om | 20,000 |
| 7 | Deposited Om’s cheque the next day | |
| 8 | Borrowed from Sohan | 1,00,000 |
| 9 | Paid interest on loan | 10,000 |
| 10 | Withdrew cash for personal use | 5,000 |
Solution:-
| i) | Furniture Cash | Debit Credit | 75,000 75,000 |
| ii) | Purchase Cash | Debit Credit | 55,000 55,000 |
| iii) | Cash Sale | Debit Credit | 35,000 35,000 |
| iv) | Om Sales | Debit Credit | 60,000 60,000 |
| v) | Bank Cash | Debit Credit | 70,000 70,000 |
| vi) | Cheque in Hand Ram | Debit Credit | 20,000 20,000 |
| vii) | Bank Cheque in Hand | Debit Credit | 20,000 20,000 |
| viii) | Cash Sohan | Debit Credit | 1,00,000 1,00,000 |
| ix) | Interest on Loan Bank | Debit Credit | 10,000 10,000 |
| x) | Drawing Cash | Debit Credit | 5,000 5,000 |
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 |
