Solution of Q 11 Journal TS Grewal Class 11 (2023-24) CBSE

Question 11 of 25Chapter 8Class 11 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 11, Chapter 8 Journal, TS Grewal Class 11 Accountancy 2023-24 for the CBSE Board.

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Question 11

Following balances existed in the books of M/s. Anand Stores as on 1st April, 2023:

Assets: Cash ₹60,000; Bank ₹40,000; Stock ₹1,50,000; Furniture ₹43,000; Debtors ₹1,45,000 (X ₹35,000; Y ₹50,000; Z ₹60,000).

Liabilities: Loan from Vikas ₹60,000; Creditors ₹52,500 (A ₹22,500; B ₹30,000).

Pass necessary Journal entry to record the above balances.

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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