11th | Journal | Question No. 23 and 24 | Ts Grewal Solution 2025-2026

Question 23:

Journalise the following transactions in the books of M/s. R.K. & Co.:
(i) Purchased goods of list price of ` 20,000 from Vishal at 20% trade discount against cheque payment.
(ii) Purchased goods of list price of ` 20,000 from Naman at 15% trade discount against cash.
(iii) Purchased goods of list price of ` 30,000 from Amrit at 20% trade discount.
(iv) Purchased goods from Hari & Co. of list price `40,000 for `35,000 against cash.

(v) Goods purchased from Amrit of list price ` 10,000returned.
(vi) Sold goods to Parul of list price of ` 40,000 at 10% trade discount against cheque payment.
(vii) Sold goods to Aman of list price of ` 30,000 at 10% trade discount against cash.
(viii) Sold goods to Pawan of list price of ` 20,000 at 10% trade discount.
(ix) Sold goods to Yamini of list price of ` 25,000 for ` 23,000.
(x) Sold goods costing ` 10,000 at cost plus 20% less 10% trade discount to Bhupesh.
(xi) Sold goods purchased at list price of ` 50,000 sold at a profit of 25% less 10% trade discount against cheque.
(xii) Aman returned goods of list price of ` 10,000 sold to him at 10% trade discount.

Answer:

Journal
Date	Particulars		L.F.	Debit `	Credit `

(i)	Purchase A/c	Dr.		16,000
	To Bank A/c				16,000
	(Goods purchased from Vishal by cheque)

(ii)	Purchase A/c	Dr.		17,000
	To Cash A/c				17,000
	(Goods purchased from Naman for cash)

(iii)	Purchase A/c	Dr.		24,000
	To Amrit				24,000
	(Goods purchased from Amrik on credit)

(iv)	Purchase A/c	Dr.		35,000
	To Cash A/c				35,000
	(Goods purchased for cash)

(v)	Amrit	Dr.		8,000
	To Purchase Returns A/c				8,000
	(Goods returned by Amrik)

(vi)	Bank A/c	Dr.		36,000
	To Sales A/c				36,000
	(Goods sold to Parul by cheque)

(vii)	Cash A/c	Dr.		27,000
	To Sales A/c				27,000
	(Goods sold to Aman for cash)

(viii)	Pawan	Dr.		18,000
	To Sales A/c				18,000
	(Goods sold to Pawan on credit)

(ix)	Yamini	Dr.		23,000
	To Sales A/c				23,000
	(Goods sold to Yamini on credit)

(x)	Bhupesh	Dr.		10,800
	To Sales A/c				10,800
	(Goods sold to Bhupesh on credit)

(xi)	Bank A/c	Dr.		45,000
	To Sales A/c				45,000
	(Goods sold against cheque)

(xii)	Sales Returns A/c	Dr.		9,000
	To Aman				9,000
	(Goods returned by Aman )

Working Notes:

WN1: Calculation of Sales price

Sales Price = (10,000+20%=12,000−10%)=Rs 10,800

Question 24:

Journalise the following transactions in the books of Bhushan Agencies:
(i) Received from Bharat cash ` 20,000, allowed him discount of ` 500.
(ii) Received from Vikas ` 35,000 by cheque, allowed him discount of ` 750.
(iii) Received cash from Akhil ` 38,000 in settlement of his dues of ` 40,000.
(iv) Received from Amrit ` 50,000 by cheque on account against dues of ` 60,000.
(v) Paid cash ` 39,200 to suresh in settlement of his dues, availed discount of 2%.
(vi) Paid by cheque ` 25,000 to Mehar and settled her dues of ` 26,000.
(vii) Paid ` 25,000 to Yogesh by cheque on account.
(viii) Purchased goods costing ` 1,00,000 against cheque and availed discount of 3%.
(ix) Purchased goods costing ` 60,000 from Akash & Co., paid 50% immediately availing 3% discount.
(x) Sold goods of ` 30,000 against cheque allowing 2% discount.
(xi) Sold goods of ` 60,000 to Vimal received 50% of due amount allowing 2% discount.

(xii) Mittal Bros. purchased 100 shawls @`3,000 per shawl. Allowed 10% Trade Discount

and 3% Cash Discount if payment is made within 14 days. Mittal Bros. received

10 shawls of poor quality, which it returned. Mittal Bros. settled the payment in 10 days.

(xiii) Sold to Gupta Shawls, 100 shawls@`200 per shawl on 4th January, 2025. Trade

Discount 25% and Cash Discount 5% if full payment is made within 14 days. Gupta

Shawls sent 50% of the payment on 14th January, 2025 and balance payment on

10th February, 2025.

Answer:

Journal
Date	Particulars		L.F.	Debit `	Credit `

(i)	Cash A/c	Dr.		20,000
	Discount Allowed A/c	Dr.		500
	To Bharat				20,500
	(Payment received from Bharat)

(ii)	Bank A/c	Dr.		35,000
	Discount Allowed A/c	Dr.		750
	To Vikas				35,750
	(Payment received from Vikas)

(iii)	Cash A/c	Dr.		38,000
	Discount Allowed A/c	Dr.		2,000
	To Akhil				40,000
	(Payment received from Akhil)

(iv)	Bank A/c	Dr.		50,000
	To Amrit				50,000
	(Payment received from Amrit)

(v)	Suresh	Dr.		40,000
	To Cash A/c				39,200
	To Discount Received A/c				800
	(Payment made to Suresh)

(vi)	Mehar	Dr.		26,000
	To Bank A/c				25,000
	To Discount Received A/c				1,000
	(Payment made to Meher)

(vii)	Yogesh	Dr.		25,000
	To Bank A/c				25,000
	(Payment made to Yogesh)

(viii)	Purchases A/c	Dr.		97,000
	To Bank A/c				97,000
	(Goods bought against cheque)

(ix)	Purchases A/c	Dr.		60,000
	To Akash & Co.				30,000
	To Cash A/c				29,100
	To Discount Received A/c				900
	(Goods bought from Akash & Co.)

(x)	Bank A/c	Dr.		29,400
	To Sales A/c				29,400
	(Goods sold against cheque)

(xi)	Vimal	Dr.		30,000
	Cash A/c	Dr.		29,400
	Discount Allowed A/c	Dr.		600
	To Sales A/c				60,000
	(Goods sold to Vimal)
(xii) a.	Purchases A/c Dr.			27,000
	To Mittal Bros. A/c				27,000
	(Mittal Bros. purchased 100 shawls @`3,000 per shawl. Allowed 10% Trade Discount)
b.	Mittal Bros. A/c	Dr.		2,700
	To Purchases Return A/c				2,700
	(10 shawls of poor quality, which it returned.)
c.	Mittal Bro. A/c	Dr.		24,300
	To Cash A/c				23,814
	To Discount Received A/c				486
	(Mittal Bros. settled the payment in 10 days. and allowed 2% discount)
(xiii)
4 Jan.	Gupta shawls	Dr.		15,000
	To Sales A/c				15,000
	(Sold to Gupta Shawls, 100 shawls@`200 per shawl on 4th January, 2025. Trade Discount 25%)
14 Jan.	Cash A/c	Dr.		7,125
	Discount allowed A/c	Dr.		375
	To Gupta shawls				7,500
	(50% payment received and availed 5% cash discount)
10 Feb.	Cash A/c	Dr.		7,500
	To Gupta shawls				7,500
	(Balance received)

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Class 11th

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11th | Journal | Question No. 23 and 24 | Ts Grewal Solution 2025-2026

Question 23:

Answer:

Question 24:

Chapter 8 – Journal

Question No. 1 To 2
Question No. 3 To 4
Question No. 5 To 6
Question No. 7 To 8
Question No. 9 To 10

Question No. 11 To 12

Question No. 13 To 16

Question No. 17 To 18

Question No. 19 To 20

Question No. 21 To 22

Question No. 23 To 24

Question No. 25 To 26