[ISC] Q 8 Journal Solutions TS Grewal Class 11 (2022-23)

Share your love

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.NPurchased furniture for cash from Raj Furniture House
1Purcahsed furniture for cash from Raj Furniture House75,000
2Purchased goods for cash55,000
3Sold goods for cash to Pal35,000
4Sold goods to Om60,000
5Deposited cash in bank for opening an account70,000
6Received a cheque from Om20,000
7Deposited Om’s cheque the next day
8Borrowed from Sohan1,00,000
9Paid interest on loan10,000
10Withdrew cash for personal use5,000

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.NSolutions
1Question – 1
2Question – 2
3Question – 3
4Question – 4
5Question – 5
6Question – 6
7Question – 7
8Question – 8
9Question – 9
10Question – 10
S.NSolutions
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
Share your love
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 and can download the Android & ios app for free lectures.

Articles: 5513

Leave a Reply

Your email address will not be published. Required fields are marked *

close

Ad Blocker Detected!

Our Website is made possible by displaying online advertisements to our visitors. Please consider supporting us and remove the AD - Blocker to read this article.

Refresh