11th | Journal | Question No. 21 and 22 | Ts Grewal Solution 2025-2026

2025

`

Jan 1

Rakesh commenced business with cash

50,000

Jan 2

Purchased goods for cash

10,000

Jan 5

Purchased goods from Mohan, Delhi

60,000

Jan 7

Opened bank account with Bank of India

10,000

Jan 10

Purchased furniture for office

2,000

Jan 15

Sold goods for cash

8,000

Jan 20

Sold goods to Ram of the list price of 1,25,000 less 20% Trade discount and 2% cash discount

and paid 40% by cheque

Jan 25

Cash sales

3,500

Jan 27

Paid to Mohan on account

3,000

Jan 28

Ram returns goods of sale value

5.000

Jan 31

Paid Salaries

9,000

Jan 31

Paid to the petty cashier

3,000

Jan 31

Rejected and returned 5% of goods supplied by Mohan

Journal

Date

Particulars

L.F.

Debit

`

Credit

`

2019

Jan 01

Cash A/c

Dr.

50,000

  To Capital A/c

50,000

(Started business with cash)

Jan 02

Purchases A/c

Dr.

10,000

  To Cash A/c

10,000

(Goods purchased)

Jan 05

Purchases A/c

Dr.

60,000

  To Mohan’s  A/c

60,000

(Goods purchased)

Jan 07

Bank A/c

Dr.

10,000

  To Cash A/c

10,000

(Opened Bank A/c)

Jan 10

Furniture A/c

Dr.

2,000

  To Cash A/c

2,000

(Furniture purchased)

Jan 15

Cash A/c

Dr.

8,000

  To Sales A/c

8,000

(Goods sold)

Jan 20

Ram’s  A/c

Dr.

60,000

Cheque in hand A/c

Dr.

39,200

Discount allowed A/c

Dr.

800

  To Sales A/c

1,00,000

(Sold goods to Ram of the list price of 1,25,000 less 20% Trade discount and 2% cash discount and paid 40% by cheque)

Jan 25

Cash A/c

Dr.

3,500

  To Sales A/c

3,500

(Goods sold)

Jan 27

Mohan’s A/c

Dr.

3,000

  To Cash A/c

3,000

(Paid to Mohan on account)

Jan 28

Sales Return A/c

Dr.

5,000

  To Ram’s A/c

5,000

(Goods returned by Ram)

Jan 31

Salary A/c

Dr.

9,000

  To Cash

9,000

(Paid salaries)

Jan 31

Petty cash A/c

Dr.

3,000

 To Cash A/c

3,000

(Paid to petty Cash)

Jan 31

Mohan’s A/c

Dr.

3,000

  To Purchases Return A/c

3,000

(Returned 5% of the goods supplied by Mohan)

2025

`

April 1

 Suresh paid into bank as Capital

60,000

April 2

 He bought goods and paid by cheque

24,000

April 3 

 Sold goods to Mukand & Co., Delhi

6,700

April 4

 Sold goods for cash

10,900

April 5

 Paid sundry expenses in cash

3,000

April 8

 Paid for office furniture and fittings by cheque 

4,000

April 9

 Bought goods from Ramesh & Bros., Faridabad (Haryana)

10,600

April 11

 Returned goods to Ramesh & Bros.

1,500

April 12

 Issued cheque to Ramesh & Bros. in full settlement

8,500

April 12

Goods costing 5,000 destroyed by fire.

April 20

Insurance Company paid claim.

4,000

April 30

 Bank charged interest.

200

April 30

 Borrowed from Ridhi @ 10% per annum interest.

50,000

April 30

 Received from Mukand & Co. on account.

3,000

April 30

 Sold household furniture and paid the amount into business.

10,000

April 30

 Sold goods costing ` 5,000 to Anita for cash at a profit of 20% on cost, less 20% trade discount

April 30

 Sold goods costing ` 20,000 to Sunil at a profit of 20% on sale less 20% Trade Discount and paid cartage `150 (to be charged from customer).

Books of Suresh

Journal

Date

Particulars

L.F.

Debit

`

Credit

`

2025

April 01

Bank A/c

Dr.

60,000

   To Capital A/c

60,000

(Paid into Bank as Capital)

April 02

Purchases A/c

Dr.

24,000

   To Bank A/c

24,000

(Bought goods for cheque)

April 03

Mukand & Co.

Dr.

6,700

   To Sales A/c

6,700

(Sold Goods to Mukand & Co.)

April 04

Cash A/c

Dr.

10,900

   To Sales A/c

10,900

(Sold goods for Cash)

April 05

Sundry Expenses A/c

Dr.

3,000

   To Cash A/c

3,000

(Paid Sundry Expenses)

April 08

Furniture A/c

Dr.

4,000

   To Bank A/c

4,000

(Bought Office furniture by cheque)

April 09

Purchases A/c

Dr.

10,600

   To Ramesh and Bros.

10,600

(Bought goods from Ramesh and Bros)

April 11

Ramesh and Bros.

Dr.

1,500

 To purchases return A/c

1,500

(Good returned to Ramesh and Bros.)

April 12

Ramesh Bros. A/c

Dr.

9,100

   To Bank A/c

8,500

   To Discount Received A/c

600

(Cheque sent to Ramesh and Bros. and discount received)

April 12

Loss by fire A/c Dr.

5,000

 To purchases A/c

5,000

(Goods costing 5,000 destroyed by fire.)

April 30

Interest A/c

Dr.

200

    To Bank A/c

200

(Bank charged Interest)

April 30

Cash A/c

Dr.

50,000

     To Loan from Ridhi A/c

50,000

(Borrowed from Ridhi @10% per annum)

April 30

Cash A/c

Dr.

3,000

    To Mukand& Co.

3,000

(Received from Mukand & Co. on account)

April 30

Cash A/c

Dr.

10,000

    To Capital A/c

10,000

(Sold household furniture and paid the amount into business)

April 30

Anit A/c

Dr.

4,800

    To Sales A/c

4,800

(Sold goods costing `5,000 to Anita for cash at a profit of 20% on cost, less 20% trade discount)

April 30

Sunil

Dr.

19,350

      To Sales A/c

19,200

      To Cartage A/c

150

(Sold goods costing `20,000 to Sunil at a profit of 20% on sale less 20% Trade Discount and paid cartage `150)