Solution of Q 24 Journal TS Grewal Class 11 (2023-24) CBSE
Step-by-step solution of Question 24, Chapter 8 Journal, TS Grewal Class 11 Accountancy 2023-24 for the CBSE Board.
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Question 24
Journalise the following transactions:
- (i) Shyam became insolvent. Compensation of 75 paise in a rupee was received from his Official Receiver. He owed us ₹10,000
- (ii) Received cash from Ramesh whose account was written off last year as bad debt ₹5,000
- (iii) Rent due to landlord ₹8,000
- (iv) Salaries due to staff ₹10,000
- (v) Placed an order with Rakesh for supply of goods of the list price of ₹1,00,000. In this connection, Raman paid 10% of the list price as an advance by cheque.
- (vi) Supplied goods costing ₹3,600 to Sanjay. Issued invoice at 20% above Cost less 10% Trade Discount.
- (vii) Paid ₹1,000 in cash to Radhey for outstanding bill for printing.
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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