11th | Journal | Question No. 7 and 8 | Ts Grewal Solution 2025-2026

Journal

Date

Particulars

L.F.

Debit

`

Credit

`

2025

Bank A/c  

Dr. 

10,000 

Apr 01

 To Cash A/c

(Being Deposited in bank for opening a Current Account.)

10,000

Apr 02

Cash A/c

Dr.

5,000

 To Bank A/c

5,000

(Being Withdrawn from bank.)

Apr 05

Cheque in hand A/c

Dr.

11,880

Discount Allowed A/c

120

 To Ramesh’s A/c

12,000

(Being Received a cheque from Ramesh to whom goods were sold for ` 12,000 last year Allowed him 1% discount on payment.)

Apr 07

Bank A/c

Dr.

11,880

To Chaque in hand A/c

11,880

(Being Ramesh's cheque deposited in bank.)

Apr 09

Ramesh’s  A/c

Dr.

12,000

Bank charges A/c

Dr.

20

To Bank A/c

11,900

To Discount Allowed A/c

120

 (BeingRamesh's cheque dishonored (bank charges 20).)

Apr 20

Cheque in hand A/c

Dr.

12,080

 To Ramesh’s  A/c

 To Interest received A/c

12,020

60

(BeingRamesh settled his account by issuing cheque including `60 for interest.)

Apr 21

Bank A/c

Dr.

8,000

 To Raja’s A/c

8,000

(Being Cash directly deposited by Raja (Customer) in bank account.)

Apr 23

M/s Lal &Sons’s A/c

Dr.

5,000

Bank Charges A/c

Dr.

700

 To Bank A/c

5,700

(Being Bank draft got issued in favour of M/s Lal &Sons `5,000. Bank charges `700.)

Apr 28

Bank A/c

Dr.

3,800

Discounting charges A/c

Dr.

200

 To Bills receivable A/c

4,000

(Being A bill of exchange of ` 4,000 (due after one month) discounted from bank for `3,800.)

Apr 30

Cheque in hand  A/c

Dr.

1,000

 To Shyam’s  A/c

1,000

(Being Received a cheque of `1,000 from Shyam after banking hours.)

Apr 30

Bank A/c

Dr.

3,500

Cash A/c

Dr.

3,500

 To Sales A/c

7,000

(Being Goods sold for cash 7,000 and half of the sale proceeds deposited in bank.)

Journal

Date

Particulars

L.F.

Debit

`

Credit

`

2025

Drawings A/c  

Dr. 

1,000

Apr 01

 To Purchases A/c

(Being Goods withdrawn by owner of 1,000 for personal use.)

1,000

Apr 02

Sample  A/c

Dr.

500

 To Purchases A/c

500

(BeingGoods distributed as sample.)

Apr 03

Charity A/c

Dr.

300

 To Purchases A/c

300

(Being Goods Given as Charity.)

Apr 04

Furniture A/c

Dr.

5,000

To Purchases A/c

5,000

(BeingTimber used for making office furniture)

Apr 05

Loss by fire  A/c

Dr.

3,500

To Purchases A/c

3,500

 (BeingGoods destroyed by fire.)

Apr 06

Loss by fire  A/c

Dr.

2,000

 To Purchases A/c

2,000

(Being Goods lost in transit.)