Loading Tutorstips...
✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Journalise the following transactions in the books of Mahesh:
| Date | Particulars | L.F. | Dr. (₹) | Cr. (₹) |
|---|---|---|---|---|
| (i) | Cash A/c Dr. Discount Allowed A/c Dr. To Mukesh's A/c (Being received from Mukesh in settlement of account for ₹6,000) | 5,850 150 | 6,000 | |
| (ii) | Cash A/c Dr. To Gaurav's A/c (Being received from Gaurav on account (no discount as not in full settlement)) | 5,850 | 5,850 | |
| (iii) | Cash A/c Dr. Bad Debts A/c Dr. To Hari's A/c (Being received first and final dividend of 60 paise per rupee from official receiver of Hari) | 3,600 2,400 | 6,000 | |
| (iv) | Mohan's A/c Dr. To Cash A/c To Discount Received A/c (Being paid to Mohan in settlement of account for ₹3,000) | 3,000 | 2,880 120 | |
| (v) | Brij's A/c Dr. To Cash A/c (Being paid to Brij on account (no discount as not full settlement)) | 2,880 | 2,880 |
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.10 | 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.10 | Chapter 8 – Journal | T.S. Grewal Solution 2025-26" instantly.