CLASS 11 | TS Grewal | JOURNAL | Q5, Q6 ,Q7 | Chapter 8 | 2024 | Banking Transactions | Bad Debts
/ @mananmalik_commerce CLASS 11 | TS Grewal | JOURNAL | Q5,Q6,Q7 | Banking Transactions | | Bad Debts and Bad Debts Recovered | Chapter 8 | Class 11th | Journal | Question No. 5, Question no. 6, Question no. 7 | Ts Grewal Solution 2024-2025 Question 5: Pass Journal entries for the following transactions: 2024 April 1 Mohan is declared insolvent. Received first and final dividend from his official Receiver 50 paise in a rupee against a debt of ` 5,000 April 2 `8,000 due from Ramesh is not recoverable April 3 Shyam, who owed 15,000 became insolvent and 50% is received from his estate April 4 Received 10,000 in cash from Sohan for bad debts written off last year Banking Transactions Question 6: Pass necessary Journal entries for the following transactions: 2024 April 1: Deposited in bank 30,000 April 3: Cash withdrawn from bank 10,000 April 7: Wages paid by cheque. 7,000 April 10: Cheque received from Deewan 78,500 and discount allowed to him 500. Cheque is deposited in bank on the same day. April 12: As per standing instructions, Bank paid Telephone bill 1,000 April 14: Deewan's cheque returned by the bank as dishonored April 16: Charges debited by bank 400 April 17: Goods sold and sale proceeds deposited in bank 8,000 April 19: Bank has paid insurance premium as per our standing instructions 1,800 April 25: Dividend collected by Bank. 2,500 Question 7: Pass the necessary Journal entries for the following transactions: 2024 April 01: Deposited in bank for opening a Current Account. 10,000 April 02: Withdrawn from bank. 5,000 April 05: Received a cheque from Ramesh to whom goods were sold for ` 12,000 last year Allowed him 1% discount on payment. April 07: Ramesh's cheque deposited in bank. April 09: Ramesh's cheque dishonored (bank charges 20). April 20: Ramesh settled his account by issuing cheque including `60 for interest. 12,080 April 21: Cash directly deposited by Raja (Customer) in bank account. 8,000 April 23: Bank draft got issued in favour of M/s Lal &Sons `5,000. Bank charges `700. April 28: A bill of exchange of ` 4,000 (due after one month) discounted from bank for `3,800. April 30: Received a cheque of `1,000 from Shyam after banking hours. April 30: Goods sold for cash 7,000 and half of the sale proceeds deposited in bank. 0:00 - Question 5: 6:02 - Question 6 16:42 - Question 7 class 11 accountancy journal entries class 11 accountancy ts grewal pdf class 11 accountancy chapter 9 journal accountancy class 11th chapter journal class 11 accounts book of original entry journal how to write journal entries in accounts note class 9 commerce chapter journal explain journal entry in accounts class 11 journal entries accounting class 11 class 11th account journal entry explanation class 11 accounts chapter 9 journal class 11 accounts books of original entry accountancy class 11th journal entry in hindi class 11 commerce accounts chapter 4 journal best teacher for accountancy class 11th #class11 #journal #tsgrewalsolutions #tsgrewal2024 #class11thaccounts #class11accounts #accounts #tsgrewal #journalentries #cbse #commerce #class12 #cbse #class12accounts #accountancy #accounts #accounting #tsgrewal2024 #partnershipfundamentals #solution #tsgrewalsolutions #partnership #commerce #class12 #cbse #tsgrewalsolutions #tsgrewal2024 #tsgrewal #tsgrewalsolution #account #accounts #accountancy #accountssolution
