[ISC] Q 8 Journal Solutions TS Grewal Class 11 (2023-24)
Are you looking for the solution of Question number 8 Journal TS Grewal class 11 ISC 2023-24?
Analyse the following transactions, state the nature of accounts and state which account will be debited and which account will be credited:
S.N | Particulars | ₹ |
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 |