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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Journalise the following transactions in the books of M/s. R.K. & Co.:
| Date | Particulars | L.F. | Dr. (₹) | Cr. (₹) |
|---|---|---|---|---|
| (i) | Purchases A/c Dr. To Bank A/c (Being goods purchased from Vishal at list price ₹20,000 less 20% TD = ₹16,000; paid by cheque) | 16,000 | 16,000 | |
| (ii) | Purchases A/c Dr. To Cash A/c (Being goods purchased from Naman at list price ₹20,000 less 15% TD = ₹17,000) | 17,000 | 17,000 | |
| (iii) | Purchases A/c Dr. To Amrit's A/c (Being goods purchased from Amrit at list price ₹30,000 less 20% TD = ₹24,000) | 24,000 | 24,000 | |
| (iv) | Purchases A/c Dr. To Cash A/c (Being goods purchased from Hari & Co. for ₹35,000 against cash) | 35,000 | 35,000 | |
| (v) | Amrit's A/c Dr. To Purchases Return A/c (Being goods returned to Amrit; list price ₹10,000 less 20% TD = ₹8,000) | 8,000 | 8,000 | |
| (vi) | Bank A/c Dr. To Sales A/c (Being goods sold to Parul at list price ₹40,000 less 10% TD = ₹36,000; received by cheque) | 36,000 | 36,000 | |
| (vii) | Cash A/c Dr. To Sales A/c (Being goods sold to Aman at list price ₹30,000 less 10% TD = ₹27,000) | 27,000 | 27,000 | |
| (viii) | Pawan's A/c Dr. To Sales A/c (Being goods sold to Pawan at list price ₹20,000 less 10% TD = ₹18,000) | 18,000 | 18,000 | |
| (ix) | Yamini's A/c Dr. To Sales A/c (Being goods sold to Yamini for ₹23,000) | 23,000 | 23,000 | |
| (x) | Bhupesh's A/c Dr. To Sales A/c (Being goods sold to Bhupesh at cost ₹10,000 + 20% = ₹12,000; less 10% TD = ₹10,800) | 10,800 | 10,800 | |
| (xi) | Bank A/c Dr. To Sales A/c (Being goods sold against cheque; cost ₹50,000; profit 25% on cost → SP = ₹62,500; less 10% TD → net = ₹56,250) | 56,250 | 56,250 | |
| (xii) | Sales Return A/c Dr. To Aman's A/c (Being goods returned by Aman; list price ₹10,000 less 10% TD = ₹9,000) | 9,000 | 9,000 |
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.23 | 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.
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