In this article, we have provided the Question wise solution of the all Questions of the Chapter No. 8 – Journal – T S Grewal 11 Class – Book Solution But first of all we have explained the meaning of journal: –
What is the Journal?
Journal in Accounting is the process of analyzing and recording business transactions in chronological (day to day) order. In this book, all transactions are recorded and it is known as Journal Daybook. It is also called the Book of Prime or Original Entry book. The journal entries are the foundation of the accounting system and it is also the first step of the accounting cycle.
Definition of Journal: –
“The process of recording a transaction in a journal is called journalizing the transactions.”
—Meigs and Meigs and Johnson
The standard format for Journal Entries in Accounting:-
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Chapter No. 8 – Journal – T S Grewal 11 Class
Question wise solution of the all Questions of Chapter No. 8 – Journal – T S Grewal 11 Class are shown below: –
T.S. Grewal’s Double Entry Book Keeping