Solution of Q 25 Journal TS Grewal Class 11 (2023-24) CBSE
Step-by-step solution of Question 25, Chapter 8 Journal, TS Grewal Class 11 Accountancy 2023-24 for the CBSE Board.
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Question 25
Journalise the following entries:
- (i) Goods costing ₹500 given as charity.
- (ii) Sold goods to Mayank of ₹1,00,000, payable 25% by cheque at the time of sale and balance after 30 days of sale.
- (iii) Received ₹975 from Harikrishna in settlement of his account of ₹1,000.
- (iv) Received dividend of 60 paise in a rupee from the Official Receiver of Rajan, who owed us ₹1,000.
- (v) Charge interest on Drawings ₹1,500.
- (vi) Sold goods to Anil costing ₹40,000 for cash at a profit of 25% on cost less 20% trade discount.
- (vii) Paid cartage of ₹100 for delivery of goods.
- (viii) Paid income tax ₹15,000.
Solution
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About this solution
This is Chapter 8 Journal of TS Grewal Edition 2023-24.
Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.
We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.
Also, we have followed the proper format and workings which are required as per CBSE Guidelines. Just follow our presentation of solutions and score good marks in Accountancy Board Exam.
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