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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
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Pass necessary Journal Entry for the following transactions:
| 2025 | Transaction | Rs. |
|---|---|---|
| April 1 | Business started with cash | 1,00,000 |
| April 2 | Goods purchased for cash | 25,000 |
| April 3 | Goods purchased from Pankaj on credit | 18,000 |
| April 5 | Goods sold to Naresh on credit | 9,000 |
| April 7 | Goods returned to Pankaj | 12,000 |
| April 9 | Goods returned by Naresh | 1,400 |
| April 10 | Cash paid to Ajay | 6,000 |
| April 12 | Commission received | 2,700 |
| April 15 | Furniture purchased | 7,000 |
| April 16 | Rent paid to Amit | 5,000 |
| April 19 | Sold goods to Sumit for cash | 6,000 |
| April 24 | Cash Sales | 7,000 |
| April 30 | Cash received from Naresh on account | 5,000 |
| April 30 | Salaries paid | 10,000 |
| Date | Particulars | L.F. | Dr. (₹) | Cr. (₹) |
|---|---|---|---|---|
| Apr 01 | Cash A/c Dr. To Capital A/c (Being business started with cash) | 1,00,000 | 1,00,000 | |
| Apr 02 | Purchases A/c Dr. To Cash A/c (Being goods purchased for cash) | 25,000 | 25,000 | |
| Apr 03 | Purchases A/c Dr. To Pankaj's A/c (Being goods purchased from Pankaj on credit) | 18,000 | 18,000 | |
| Apr 05 | Naresh's A/c Dr. To Sales A/c (Being goods sold to Naresh on credit) | 9,000 | 9,000 | |
| Apr 07 | Pankaj's A/c Dr. To Purchases Return A/c (Being goods returned to Pankaj) | 12,000 | 12,000 | |
| Apr 09 | Sales Return A/c Dr. To Naresh's A/c (Being goods returned by Naresh) | 1,400 | 1,400 | |
| Apr 10 | Ajay's A/c Dr. To Cash A/c (Being cash paid to Ajay) | 6,000 | 6,000 | |
| Apr 12 | Cash A/c Dr. To Commission Received A/c (Being commission received) | 2,700 | 2,700 | |
| Apr 15 | Furniture A/c Dr. To Cash A/c (Being furniture purchased) | 7,000 | 7,000 | |
| Apr 16 | Rent A/c Dr. To Cash A/c (Being rent paid to Amit) | 5,000 | 5,000 | |
| Apr 19 | Cash A/c Dr. To Sales A/c (Being goods sold to Sumit for cash) | 6,000 | 6,000 | |
| Apr 24 | Cash A/c Dr. To Sales A/c (Being cash sales) | 7,000 | 7,000 | |
| Apr 30 | Cash A/c Dr. To Naresh's A/c (Being cash received from Naresh on account) | 5,000 | 5,000 | |
| Apr 30 | Salary A/c Dr. To Cash A/c (Being salaries paid) | 10,000 | 10,000 |
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Q.No.1 | Chapter 8 – Journal | T.S. Grewal Solution 2025-26", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Textbook Solution.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
You can take our custom-built interactive practice quiz directly on this page to test your understanding of "Q.No.1 | Chapter 8 – Journal | T.S. Grewal Solution 2025-26" instantly.