11th | Journal | Question No. 5 and 6 | Ts Grewal Solution 2025-2026

Journal

Date

Particulars

L.F.

Debit

`

Credit

`

2025

Apr 01

Cash  A/c

Bad debts A/c

 To Mohan’s A/c

Dr.

Dr.

5,.000

5,000 

(Being Mohan is declared insolvent. Received first and final dividend from his official Receiver 50 paise in a rupee against a debt of ` 5,000)

Apr 02

Bad debts A/c

 To Mohan’s A/c

Dr.

8,000

8,000

(Being78,000 due from Ramesh is not recoverable)

Apr 03

Cash  A/c

Bad debts A/c

 To Shyam’s A/c

Dr.

Dr.

7,500

7,500

15,000 

(Being Shyam, who owed 15,000 became insolvent and 50% is received from his estate)

Apr 04

Cash A/c

Dr.

10,000

  To Bad debts recovered A/c

10,000

(Being Received 10,000 in cash from Sohan for bad debts written off last year)

Journal

Date

Particulars

L.F.

Debit

`

Credit

`

2025

Bank A/c  

Dr. 

30,000 

Apr 01

 To Cash A/c

(BeingCash Deposited in bank)

30,000

Apr 03

Cash A/c

Dr.

10,000

 To Bank A/c

10,000

(Being Cash withdrawn from bank)

Apr 07

Wages A/c

Dr.

7,000

 To Bank A/c

7,000

(Being Wages paid by cheque.)

Apr 10

Bank A/c

Dr.

8,500

Discount Allowed A/c

 To Deewan’s A/c

Dr.

500

9,000

(Being Cheque received from Deewan 78,500 and discount allowed to him 500. Cheque is deposited in bank on the same day.)

Apr 12

Telephone Expenses A/c

Dr.

1,000

 To Bank A/c

(BeingTelephone bill paid by bank,As per standing instructions)

1,000

Apr 14

Deewan’s A/c

Dr.

8,500

 To Bank A/c

8,500

(Being Deewan's cheque returned by the bank as dishonored)

Apr 16

Bank charges A/c

Dr.

400

 To Bank A/c

400

(Being Charges debited by bank)

Apr 17

Bank A/c

Dr.

8,000

 To Sales A/c

8,000

(Being Goods sold and sale proceeds deposited in bank)

Apr 19

Insurance premium A/c

Dr.

1,800

 To Bank A/c

1,800

(Being Bank has paid insurance premium as per our standing instructions)

Apr 25

Bank A/c

Dr.

2,500

 To Dividend A/c

2,500

(Being Dividend collected by Bank.)