Solution of Q 14 Special Purpose Books II-Other Books TS Grewal Class 11 (2023-24) CBSE
Step-by-step solution of Question 14, Chapter 11 Special Purpose Books II – Other Books, TS Grewal Class 11 Accountancy 2023-24 for the CBSE Board.
Question 14
(Transfer Entries). Give the Journal entries for the following:
- (i) Gross Profit of ₹ 32,000 from Trading Account to Profit & Loss Account.
- (ii) Net Profit of ₹ 14,500 to Capital Account of Sri Sankar Saha.
- (iii) Sri Sankar Saha draws ₹ 10,000 from his Capital Account.
- (iv) Purchases Return of ₹ 7,000.
- (v) Sales Return of ₹ 6,000.

Solution


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About this solution
This is Chapter 11 Special Purpose Books II-Other Books 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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