Solution of Q 10 Journal TS Grewal Class 11 (2023-24) CBSE
Step-by-step solution of Question 10, Chapter 8 Journal, TS Grewal Class 11 Accountancy 2023-24 for the CBSE Board.
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Question 10
Pass Journal entries for the following adjustment on 31st March, 2023:
- (i) Interest due but not received ₹10,000.
- (ii) Salaries due to staff ₹50,000.
- (iii) Out of the rent paid this year, ₹5,000 is for the next year.
- (iv) Provide 10% depreciation on Furniture costing ₹1,00,000.
- (v) Goods used in making Furniture (Sales Price ₹5,000; Cost ₹4,000).
- (vi) Received commission of ₹20,000 by cheque, half of which is in advance.
- (vii) Allow interest on capital ₹8,000.
- (viii) Charge interest on drawings ₹1,500.
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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