Machine Readiness
Stored receipt and evidence
20
65
0
0
0
Samples
Offer samples
No stored offer samples.
Samples
Action samples
No stored action samples.
Samples
Product samples
No stored product samples.
Document
robots.txt
User-agent: * Disallow: /wp-admin/ Allow: /wp-admin/admin-ajax.php Sitemap: https://commercemine.com/sitemap_index.xml
Document
llms.txt
# commercemine > An Experience ## Posts - [12th | Issue of Debentures | Question No. 56 To 59 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-issue-of-debentures-question-no-56-to-59-ts-grewal-solution-2025-2026/): Question 56: Pass necessary Journal entries relating to issue of Debentures and to write off discount/loss on issue of debentures in the books of Dhatu Ltd. in the following case (i) 400, 11% Debentures of ₹1,000 each are issued at 10% discount and redeemable at par. Balance in Securities Premium Account is ₹50,000. (ii) 500, 10% Debentures of ₹1,000 each are issued at 10% discount and redeemable at a premium of 10%. Balance in Securities Premium Account is ₹75,000. (CBSE 2024) Answer: In the books of Dhatu Ltd. Journal Date Particulars L.F. (Dr.) ₹ (Cr.) ₹ (i) Bank A/c ... Read more - [12th | Issue of Debentures | Question No. 51 To 55 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-issue-of-debentures-question-no-51-to-55-ts-grewal-solution-2025-2026/): Question 51: On 1st January, 2024, Raha Ltd. issued 6,000, 8% Debentures of nominal (face) value of ₹ 100 each redeemable at 5% premium in equal proportions at the end of 5, 10 and 15 years. It has a balance of ₹ 10,000 in Securities Premium Reserve. Pass Journal entries. Also give Journal entries for writing off Loss on Issue of Debentures. Answer: Books of RahaLtd. Journal Date Particular L.F. Debit ₹ Credit ₹ 2018 1st January Bank A/c Dr. 6,00,000 To Debenture Application A/c 6,00,000 (Being Application Money received ... Read more - [12th | Issue of Debentures | Question No. 46 To 50 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-issue-of-debentures-question-no-46-to-50-ts-grewal-solution-2025-2026/): Question 46: Suzlon Ltd. issued on 1st July, 2024, 20,000, 7% Debentures of ₹100 each for subscription at 10% premium payable ₹40 on application; ₹40 (including premium) on allotment and balance on first and final call. The debentures were subscribed and allotted. The company has not made first and final call during the year ended 31st March, 2025. Interest was payable on 31st March each year. Pass the Journal entry for issue of debentures and interest for the year ended 31st March, 2025 and transfer the interest to Statement of Profit & Loss. Books of Suzlon Ltd. Journal ... Read more - [12th | Issue of Debentures | Question No. 41 To 45 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-issue-of-debentures-question-no-41-to-45-ts-grewal-solution-2025-2026/): Question 41: Agam Ltd. issued 40,000; 9% Debentures of ₹ 100 each on 1st April, 2024 at a discount of 10% redeemable at a premium of 10%.Assuming that the interest was paid half yearly on 30th September and 31st March, give Journal entries relating to debenture interest for the half year ended 31st March, 2025. Answer: Books of Agam Ltd. Journal Date Particular L.F. Debit ₹ Credit ₹ 1-9-2023 Debenture Interest A/c Dr. 1,80,000 To Debenture Holders’ A/c 1,80,000 (Being interest allowed on debenture) 1-9-2023 ... Read more - [12th | Issue of Debentures | Question No. 36 To 40 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-issue-of-debentures-question-no-36-to-40-ts-grewal-solution-2025-2026/): Question 36: On 1st April, 2018, Sakshi Ltd. issued 1,000, 11% Debentures of ₹ 100 each at a discount of 6%, redeemable at a premium of 5% after three years. Pass the necessary Journal entries for the issue of debentures in the books of Sakshi Ltd. (CBSE 2020) Answer: Books of Sakshi Ltd. Journal Date Particular L.F. Debit ₹ Credit ₹ Bank A/c Dr. 94,000 To Debenture Application A/c 94,000 (Being Application Money Received for 1,000 at ₹94) Debenture Application A/c Dr. 94,000 ... Read more - [12th | Issue of Debentures | Question No. 31 To 35 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-issue-of-debentures-question-no-31-to-35-ts-grewal-solution-2025-2026/): Question 31: Best Barcode Ltd. took a loan of ₹ 5,00,000 from a bank giving ₹ 6,00,000; 9% Debentures as collateral security. Pass journal entries regarding issue of debentures , if any, and show this loan in the Balance Sheet of the company. Answer: Best Barcode Ltd. Balance Sheet Particulars Note No. (₹) I. Equity and Liabilities 1. Shareholders’ Funds 2. Non-Current Liabilities a. Long-Term Borrowings 1 5,00,000 3. Current Liabilities Total 5,00,000 II. Assets 1. Non-Current Assets 2. Current Assets a. Cash and ... Read more - [12th | Issue of Debentures | Question No. 26 To 30 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-issue-of-debentures-question-no-26-to-30-ts-grewal-solution-2025-2026/): Question 26: Neeraj Ltd. took over business of Ajay Enterprises on 1-04-2020. The details of the agreement regarding the assets and liabilities to be taken over are: Particulars (Book Value) (Agreed Value) Building 20,00,000 35,00,000 Plant and Machinery 12,00,0000 8,00,000 Stock 4,00,000 4,00,000 Trade receivables 5,00,000 4,00,000 Creditors 2,00,000 3,00,000 Outstanding Expenses 50,000 1,00,000 It was decided to pay for purchase consideration as ₹ 7,00,000 through Cheque and balance by issue of 2,00,000, 9% Debentures of 20 each at a premium of 25%. Journalise. (CBSE Sample Paper 2020) Answer: Books of Neeraj Ltd. Journal Date Particular L.F. Debit ₹ Credit ... Read more - [12th | Issue of Debentures | Question No. 21 To 25 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-issue-of-debentures-question-no-21-to-25-ts-grewal-solution-2025-2026/): Question 21: Gundola Ltd. took over assets of ₹9,00,000 and liabilities of ₹3,00,000 from AK Ltd. for an agreed purchase consideration of ₹14,00,000. The payment was made through a bank draft of ₹5,00,000 and the remaining by issue of 8% Debentures at a discount of 10%. Record necessary Journal entries in the books of Gundola Ltd. for the above transactions. (CBSE 2024) Answer: In the book of Gundola Ltd. Journal Date Particulars L.F. (Dr.) ₹ (Cr.) ₹ Goodwill A/c Dr. 8,00,000 Assets A/c Dr. 9,00,000 To Liabilities A/c 3,00,000 ... Read more - [12th | Issue of Debentures | Question No. 16 To 20 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-issue-of-debentures-question-no-16-to-20-ts-grewal-solution-2025-2026/): Question 16: Joy Ltd. company bought a Building for ₹ 9,00,000 and the consideration was paid by issuing 10% Debentures of the normal (face) value of ₹ 100 each at a discount of 10%. Give Journal entries. Answer: Books of Joy Limited Journal Date Particulars L.F. Debit (₹) Credit (₹) Building A/c Dr. 9,00,000 To Vendor A/c 9,00,000 (Building purchased) Vendor A/c Dr. 9,00,000 Discount on Issue of Debentures A/c Dr. 1,00,000 To 10% Debentures A/c 10,00,000 (Issued ... Read more - [12th | Issue of Debentures | Question No. 11 To 15 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-issue-of-debentures-question-no-11-to-15-ts-grewal-solution-2025-2026/): Question 11: Kati Ltd. issued 8,000, 99% Debentures of ₹ 100 each at a discount of 10%. The full amount was payable on application. Applications were received for 9,000 debentures and allotment was made on pro rata basis. Pass the necessary Journal entries for the above transactions in the books of Kati Ltd. (CBSE 2020) Answer: Books of Kati Ltd. Journal Date Particular L.F. Debit ₹ Credit ₹ Bank A/c Dr. 8,10,000 To 9% Debenture Application and Allotment A/c 8,10,000 (Debenture application money received for 9,000 debentures at ₹ 90 each face value ... Read more - [12th | Issue of Debentures | Question No. 6 To 10 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-issue-of-debentures-question-no-6-to-10-ts-grewal-solution-2025-2026/): Question 6: Nipa Limited issued ₹ 10,00,000 Debentures of ₹ 100 each at a premium of 10% , payable 25% on application (including premium) and the balance on allotment . The debentures were applied for and the amount was dully received. You are required to give Journal entries and prepare Cash Book. Answer: Face Value of Debenture = ₹ 100 Premium (₹ 100 × 10%) = ₹ 10 ∴ Issue Price = ₹ 110 Amount Payable as: Journal Date Particulars L.F. Debit ₹ Credit ₹ Debenture Application A/c Dr. 2,50,000 To Debentures A/c 1,50,000 ... Read more - [12th | Issue of Debentures | Question No. 1 To 5 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-issue-of-debentures-question-no-1-to-5-ts-grewal-solution-2025-2026/): Question 1: Kiosk Ltd. issued 40,000; 10% Debentures of ₹ 100 each at par for cash payable in full along with the application. Applications were received for 60,000 debentures. Debentures were allotted and excess application money was refunded. Pass Journal entries in the books of the company. Answer: Journal Date Particulars L.F. Debit (₹) Credit (₹) Bank A/c (60,000 100) Dr. 60,00,000 To Debenture Application and Allotment A/c 60,00,000 (Received application money on 60,000 Debenture) Debenture Application and Allotment A/c Dr. ... Read more - [12th | Issue of Debentures | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-issue-of-debentures-ts-grewal-solution-2025-2026/): Ts Grewal Solution 2025-2026 Click below for more Questions Class 12 / Volume – 2 Chapter 9- Company Accounts- Issue of Debentures Question No. 1 To 5Question No. 5 To 10Question No. 11 To 15Question No. 16 To 20Question No. 21 To 25Question No. 26 To 30Question No. 31 To 35Question No. 36 To 40Question No. 41 To 45Question No. 46 To 50Question No. 51 To 55Question No. 56 To 59 - [11th | Depreciation | Question No. 33 To 35 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-depreciation-question-no-33-to-35-ts-grewal-solution-2025-2026/): Question 33: Ashoka & Co. whose books are closed on 31st March, purchased a machinery for ₹1,50,000 on 1st April, 2022, Additional machinery was acquired for ₹50,000 on 1st October, 2022. Certain machinery which was purchased for ₹50,000 on 1st October, 2022 was sold for ₹40,000 on 30th September, 2024. Prepare the Machinery Account and Accumulated Depreciation Account for all the years up to the year ended 31st March, 2025. Depreciation is charged @ 10% p.a. on Straight Line Method. Also, show the Machinery Disposal Account. Answer: Books of Ashoka & Co. Machinery Account Dr. Cr. Date Particulars ... Read more - [11th | Depreciation | Question No. 29 To 32 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-depreciation-question-no-29-to-32-ts-grewal-solution-2025-2026/): Question 29: A company purchased on 1st July, 2020 machinery costing `30,000. It further purchased machinery on 1st January, 2021 costing `20,000 and on 1st October, 2021 costing `10,000. On 1st April, 2022, one-third of the machinery installed on 1st July, 2020 became obsolete and was sold for `3,000. The company follows financial year as accounting year. Show how the Machinery Account would appear in the books of company if depreciation is charged @ 10% p.a. on Written Down Value Method. Answer: Machinery Account Dr. Cr. Date Particulars J.F. (Rs) Date Particulars J.F. (Rs) 2020 2021 ... Read more - [11th | Depreciation | Question No. 25 To 28 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-depreciation-question-no-25-to-28-ts-grewal-solution-2025-2026/): Question 25: A company purchased a machinery for ₹50,000 on 1st October, 2022. Another machinery costing ₹10,000 was purchased on 1st December, 2023. On 31st March, 2025, the machinery purchased in 2022 was sold at a loss of ₹5,000. The company charges depreciation @ 15% p.a. on Diminishing Balance Method. Accounts are closed on 31st March every year. Prepare the Machinery Account for 3 years. Answer: Machinery Account Dr. Cr. Date Particulars J.F. (₹) Date Particulars J.F. (₹) 2021 2022 Oct.01 Bank (I) 50,000 Mar.31 Depreciation (for 6 Months) 3,750 ... Read more - [11th | Depreciation | Question No. 21 To 24 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-depreciation-question-no-21-to-24-ts-grewal-solution-2025-2026/): Question 21: A boiler was purchased from abroad for ₹10,000. Shipping and forwarding charges ₹2,000, Import duty ₹7,000 and expenses of installation amounted to ₹1,000. Calculate the Depreciation for the first three years (separately for each year) @ 10% p.a. on Diminishing Balance Method. Answer: Boiler Account Dr. Cr. Date Particulars J.F. (₹) Date Particulars J.F. (₹) I year I year Jan.01 Bank (10,000 + 2,000 + 7,000 + 1,000) 20,000 Dec.31 Depreciation 2,000 Balance c/d 18,000 20,000 20,000 ... Read more - [11th | Depreciation | Question No. 17 To 20 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-depreciation-question-no-17-to-20-ts-grewal-solution-2025-2026/): Question 17: The following balances appeared in the books of Priyank Ltd. as on lst April, 2024: Machinery A/c ₹10,00,000 Provision for Depreciation A/c ₹4,50,000 Depreciation is provided at 10% per annum on the original cost on 3lst March every year. On 1st October, 2024, a machine which was purchased on 1st December, 2021 for 1,20,000 was sold for 34,000. Prepare Machinery Account and Provision for Depreciation Account for the year 2024-25. Answer: Books of Priyank Ltd. Machinery Account Dr. Cr. Date Particulars J.F. (₹) Date Particulars J.F. (₹) 2024 2024 ... Read more - [11th | Depreciation | Question No. 13 To 16 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-depreciation-question-no-13-to-16-ts-grewal-solution-2025-2026/): Question 13: A Van was purchased on 1st April, 2021 for `60,000 and `5,000 was spent on its repair and registration. On 1st October, 2022 another van was purchased for `70,000. On 1st April, 2023, the first van purchased on 1st April, 2021 was sold for `45,000 and a new van costing `1,70,000 was purchased on the same date. Show the Van Account from 2021-22 to 2023-24 on the basis of Straight Line Method, if the rate of Depreciation charged is 10% p.a. Assume that books are closed on 31st March every year. Answer: Van Account Dr. Cr. Date ... Read more - [11th | Depreciation | Question No. 9 To 12 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-depreciation-question-no-9-to-12-ts-grewal-solution-2025-2026/): Question 9: From the following transactions of a concern, prepare the Machinery Account for the year ended 31st March, 2025: 1st April, 2024 : Purchased a second-hand machinery for `40,000 1st April, 2024 : Spent `10,000 on repairs for making it serviceable. 30th September, 2024 : Purchased additional new machinery for `20,000. 31st December, 2024 : Repairs and renewal of machinery `3,000. 31st March, 2025 : Depreciate the machinery at 10% p.a. Answer: Machinery Account Dr. Cr. Date Particulars J.F. (`) Date Particular J.F. (`) 2024 2025 Apr.01 Bank (M1) 50,000 Mar.31 ... Read more - [11th | Depreciation | Question No. 5 To 8 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-depreciation-question-no-5-to-8-ts-grewal-solution-2025-2026/): Question 5: Mohan & Co. purchased machinery for `21,000 on 1st April, 2022. The estimated useful life of the machinery is 10 years, after which its realisable value will be `1,000. Determine the amount of annual depreciation according to the Straight Line Method and prepare Machinery Account for the first three years. The books of account are closed on 31st March every year. Answer: Book of Mohan & Com. Machinery Account Dr. Cr. Date Particulars J.F. (`) Date Particulars J.F. (`) 2021 2021 April 01 Bank A/c 21,000 Mar.31 Depreciation A/c ... Read more - [11th | Depreciation | Question No. 1 To 4 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-depreciation-question-no-1-to-4-ts-grewal-solution-2025-2026/): Double Entry Book Keeping Ts Grewal 2025 for Class 11 Commerce Accountancy Chapter 11 – Depreciation Question 1: Tushar purchased a machine for ₹90,000. Expenses incurred on its cartage and instalation are ₹10,000. The residual value at the end of its expected useful life of 10 years is estimated at ₹20,000. Calculate the amount of depreciation by Straight Line Method for the first year ending 31st March, 2025, if the machine is purchased on: (a) 1st April, 2024. (b) 1st July, 2024. (c) 1st October, 2024. (d) 1st January, 2025. Answer: Cost of machinery = ₹90,000 + ₹10,000 ... Read more - [11th | Depreciation | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-depreciation-ts-grewal-solution-2025-2026/): Click below for more Questions Ts Grewal Solution 2025-2026 Class 11th Chapter 15 – Depreciation Question No. 1 To 4Question No. 5 To 8Question No. 9 To 12 Question No. 13 To 16 Question No. 17 To 20 Question No. 21 To 24 Question No. 25 To 28 Question No. 29 to 32 Question No. 33 to 35 - [11th | Trial Balance | Question No. 4 To 6 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-trial-balance-question-no-4-to-6-ts-grewal-solution-2025-2026/): Question 4: Prepare a Trial Balance from the following items: ` ` Capital 3,40,000 Building 1,20,000 Opening Stock 85,000 Returns Inward 19,000 Furniture 1,26,000 Returns Outward 3,500 Purchases 89,500 Trade Expenses 10,000 Cash 73,000 Discount Received 9,700 Carriage 3,000 Salary 30,000 Sales 2,25,000 Office Rent 22,700 Answer: Trial Balance as on March 31, 2025 S.No. List of Items Debit Balances Credit Balances 1 Capital 3,40,000 2 Opening Stock 85,000 3 Furniture 1,26,000 4 Purchases 89,500 5 Cash 73,000 6 Carriage 3,000 7 Sales 2,25,000 8 Building 1,20,000 9 Returns ... Read more - [11th | Trial Balance | Question No. 10 To 13 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-trial-balance-question-no-10-to-13-ts-grewal-solution-2025-2026/): Question 10: Following Trial Balance is given but it is not correct. Prepare correct Trial Balance. Debit Balances (`) Credit Balances (`) Building 3,00,000 Capital 3,68,000 Machinery 85,000 Furniture 28,000 Returns Outward 13,000 Sales 5,20,000 Bad Debts 14,000 Debtors 3,00,000 Cash 2,000 Interest Received 13,000 Discount Received 15,000 Bank Overdraft 50,000 Creditors 2,50,000 Purchases 5,00,000 12,29,000 12,29,000 Answer: Trial Balance as on March 31, S.No. List of Items Debit Balances Credit Balances 1 Building 3,00,000 ... Read more - [11th | Trial Balance | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-trial-balance-ts-grewal-solution-2025-2026/): Chapter 10 Trial Balance from TS Grewal Double Entry Book Keeping 2025 is an important topic for every Class 11 Commerce student. To help you understand it easily, we have provided all the questions and answers from this chapter in a simple and step-by-step manner. These solutions make it easier for students to complete their homework, clear their concepts, and prepare confidently for their exams. All the TS Grewal Class 11 Accountancy Solutions available here are prepared by subject experts and follow the latest 2025 edition. Each answer is explained clearly so that students not only learn the method but ... Read more - [11th | Trial Balance | Question No. 7 To 9 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-trial-balance-question-no-7-to-9-ts-grewal-solution-2025-2026/): Question 7: The following are the balances extracted from the books of Arvind. Prepare a Trial Balance as on 31st March, 2025: ` ` Cash 2,000 Sundry Creditors 40,000 Capital 80,000 Investment 8,000 Purchases 85,000 Plant and Machinery 15,000 Sales 1,08,400 Building 20,000 Purchases Return 6,000 Furniture 6,000 Sales Return 4,000 Electricity 700 Transportation 1,800 Postage 400 Discount Allowed 500 Drawings 8,000 Printing 5,000 Salaries 6,000 Sundry Debtors 70,000 Travelling Expenses 2,000 Input CGST A/c 2,500 Output CGST A/c 1,500 Input SGST A/c 2,500 Output SGST A/c 1,500 Input IGST A/c 4,000 Output ... Read more - [11th | Trial Balance | Question No. 1 To 3 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-trial-balance-question-no-1-to-3-ts-grewal-solution-2025-2026/): Question 1: Prepare a Trial Balance with the following information: Sr. No Name of Account Balance (`) Sr. No Name of Account Balance (`) (i) (iii) (v) (vii) Capital Cash Creditors Sales 5,00,000 1,80,000 1,00,000 3,00,000 (ii) (iv) (vi) (viii) Stock Debtors Bank Loan Purchases 70,000 6,00,000 1,50,000 2,00,000 Answer: Trial Balance S. No. Account Title Debit Balance (Rs) Credit Balance (Rs) (i) Capital 5,00,000 (ii) Stock 70,000 (iii) Cash 1,80,000 (iv) Debtors 6,00,000 (v) Creditors 1,00,000 (vi) Bank Loan 1,50,000 (vii) Sales 3,00,000 (viii) Purchases 2,00,000 10,50,000 10,50,000 ... Read more - [11th | Bank Reconciliation Statement | Question No. 29 To 33 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-bank-reconciliation-statement-question-no-29-to-33-ts-grewal-solution-2025-2026/): Question 29: On checking the Bank Pass Book it was found that it showed an overdraft of `5,220 as on 31st March, 2025, while as per Ledger it was different. The following differences were noted: (i) Cheques deposited but not yet credited by the bank `6,000. (ii) Cheques dishonoured and debited by the bank but not given effect to it in the Ledger `800. (iii) Bank charges debited by the bank but Debit Memo not received from the bank `50. (iv) Interest on overdraft excess credited in the Ledger `200. (v) Wrongly credited by the bank to account, deposit of ... Read more - [11th | Bank Reconciliation Statement | Question No. 25 To 28 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-bank-reconciliation-statement-question-no-25-to-28-ts-grewal-solution-2025-2026/): Question 25: From the following information, prepare Bank Reconciliation Statement as on 31st March, 2025: ` (i) Bank overdraft as per Pass Book. 36,000 (ii) Cheques issued but not presented for payment. 19,700 (iii) Cheques deposited with bank but not collected. 25,000 (iv) Cheques entered in Cash Book but not banked. 9,000 (v) Directly deposited to bank by a customer. 11,000 Answer: Bank Reconciliation Statement as on March 31, 2025 S. No. Particulars Plus Items (`) Minus Items (`) (i) Overdraft as per the Pass Book 36,000 (ii) Cheques issued but not presented for payment 19,700 ... Read more - [11th | Bank Reconciliation Statement | Question No. 21 To 24 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-bank-reconciliation-statement-question-no-21-to-24-ts-grewal-solution-2025-2026/): Question 21: On 31st March, 2025, Cash Book of a merchant showed bank overdraft of `1,72,985. On comparing the Cash Book with Bank Statement, following discrepancies were noted: (i) Cheques issued for `60,000 were not presented in the bank till 7th April, 2025. (ii) Cheques amounting to `75,000 were deposited in the bank but were not collected. (iii) A Cheque of `15,000 received from Mahesh Chand and deposited in the bank was dishonoured but the non-payment advice was not received from the bank till 1st April, 2025. (iv) `1,50,000 entered in the Pass Book for cheque realised but not in ... Read more - [11th | Bank Reconciliation Statement | Question No. 17 To 20 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-bank-reconciliation-statement-question-no-17-to-20-ts-grewal-solution-2025-2026/): Question 17: On 1st January, 2025, Naresh had an overdraft of `40,000 as shown by his Cash Book in the bank column. Cheques amounting to `10,000 had been deposited by him but were not collected by the bank by 1st January, 2025. He issued cheques of `7,000 which were not presented to the bank for payment up to that day. There was also a debit in his Pass Book of `600 for interest and `500 for bank charges. Prepare a Bank Reconciliation Statement. Answer: Bank Reconciliation Statement as on January 01,2025 Particulars Plus Items (`) Minus Items (`) Overdraft as ... Read more - [11th | Bank Reconciliation Statement | Question No. 13 To 16 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-bank-reconciliation-statement-question-no-13-to-16-ts-grewal-solution-2025-2026/): Question 13: Bank Statement of a customer shows bank balance of `62,000 on 31st March, 2025. On comparing it with the Cash Book the following discrepancies were noted: (i) Cheques were paid into the bank in March but were credited in April: P − `3,500; Q − `2,500; R − `2,000. (ii) Cheques issued in March, 2025 were presented in April, 2025: X − `4,000; Q − `4,500. (iii) Cheque for `1,000 received from a customer entered in the Cash Book but was not banked. (iv) Pass Book shows a debit of `1,000 for bank charges and credit of `2,000 as ... Read more - [11th | Bank Reconciliation Statement | Question No. 9 To 12 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-bank-reconciliation-statement-question-no-9-to-12-ts-grewal-solution-2025-2026/): Question: 9 Prepare a Bank Reconciliation Statement as on 31st March, 2025 from the following: (i) On 31st March, 2025, Cash Book of a firm showed bank balance of `36,000 (Dr.). (ii) Cheques had been issued for `30,000, out of which cheques of `24,000 were presented for payment. (iii) Cheques of `8,400 were deposited in the bank on 28th March, 2025 but had not been credited by the bank. Also, a cheque of `3,000 entered in the Cash Book on 30th March, 2025 was banked on 3rd April. (iv) A cheque from Suresh for `2,400 was deposited in the bank ... Read more - [11th | Bank Reconciliation Statement | Question No. 5 To 8 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-bank-reconciliation-statement-question-no-5-to-8-ts-grewal-solution-2025-2026/): Question 5: On 31st December, 2024, bank column of the Cash Book of Gurman showed balance of `12,000 but the Pass Book showed a different balance due to the following reasons: (i) Cheques paid into the bank `8,000 but out of these only cheques of `6,500 credited by bank. (ii) The receipts column of the Cash Book undercast by `200. (iii) On 29th December, a customer deposited `3,000 directly in the Bank Account but it was entered in the Pass Book only. (iv) Cheques of `9,200 were issued of which `2,200 were presented for payment on 15th January, 2025. (v) ... Read more - [11th | Bank Reconciliation Statement | Question No. 1 To 4 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-bank-reconciliation-statement-question-no-1-to-4-ts-grewal-solution-2025-2026/): Question 1: Ramesh has his account at Punjab National Bank, Delhi. According to his Cash Book, his bank balance on 31st March, 2025 was `72,950. He sent cheques for `90,075 to his bank for collection but cheques amounted to `43,769 were not collected by that date. Out of the cheques issued by him in payment of his debts, cheques for `29,344 were not presented for payment. Prepare Bank Reconciliation Statement. Answer: Bank Reconciliation Statement as on March 31,2025 S. No. Particulars Plus Items (`) Minus Items (`) Balance as per the Cash Book 72,950 (i) Cheques sent to ... Read more - [11th | Bank Reconciliation Statement | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-bank-reconciliation-statement-ts-grewal-solution-2025-2026/): Click below for more Questions Ts Grewal Solution 2025-2026 Class 11th Chapter 13 – Bank Reconciliation Statement Question No. 1 To 4Question No. 5 To 8Question No. 9 To 12Question No. 13 To 16Question No. 17 To 20 Question No. 21 To 24 Question No. 25 To 28 Question No. 29 To 33 - [12th | Accounting for Share Capital | Question No. 113 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-accounting-for-share-capital-question-no-113-ts-grewal-solution-2025-2026/): Question 113: XYZ Ltd. issued a prospectus inviting applications for 2,000 shares of ₹10 each at a premium of ₹4 per share , payable as: On application — ₹6 (including ₹1 premium) On allotment — ₹2 (including ₹1 premium) On first call — ₹3 (including ₹1 premium) On second and final call — ₹3 (including ₹1 premium) Applications were received for 3,000 shares and pro rata allotment was made on the applications for 2,400 shares. It was decided to utilise excess application money towards the amount due on allotment. X, to whom 40 shares were allotted, failed to pay the allotment money and ... Read more - [12th | Accounting for Share Capital | Question No. 109 And 112 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-accounting-for-share-capital-question-no-109-and-112-ts-grewal-solution-2025-2026/): Question 109: Nitro Paints Ltd. invited applications for issuing 1,60,000 equity shares of ₹10 each at a premium of ₹3 per share. The amount was payable as follows: On application — ₹6 per share(including premium ₹1); On allotment — ₹3 per share(including premium ₹1); and The balance — On First and Final call. Applications for 1,80,000 shares were received .Applications for 10,000 shares were rejected and pro rata allotment was made to the remaining applicants.Over payment received on application was adjusted towards sums due on allotment . All calls were made and were duly received except allotment ... Read more - [12th | Accounting for Share Capital | Question No. 105 To 108 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-accounting-for-share-capital-question-no-105-to-108-ts-grewal-solution-2025-2026/): Question 105: XYZ Ltd . is registered with an authorised capital of ₹2,00,000 divided into 2,000 shares of ₹100 each of which , 1,000 shares were of fered for public subscription at a premium of ₹5 per share , payable as: On application — ₹10 per share, On allotment — ₹25 per share (including premium), On first call — ₹40 per share On final call — ₹30 per share Applications were received for 1,800 shares, of which applications for 300 shares were rejected outright; the rest of the application were allotted 1,000 shares on pro rata basis. Excess application money ... Read more - [12th | Accounting for Share Capital | Question No. 101 To 104 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-accounting-for-share-capital-question-no-101-to-104-ts-grewal-solution-2025-2026/): Question 101: Alfa Ltd. invited applications for issuing 75,000 equity shares of ₹ 10 each. The amount was payable as follows: On application and allotment — ₹4 per share , On first Call — ₹ 3 per share, On second and final Call — balance. Applications for 1,00,000 shares were received. Shares were allotted to all the applicants on pro rata basis and excess money received with applications was transferred towards sums due on first call. Vibha who was allotted 750 shares failed to pay the first call . Her shares were immediately forfeited . Afterwards the second call was ... Read more - [12th | Accounting for Share Capital | Question No. 97 To 100 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-accounting-for-share-capital-question-no-97-to-100-ts-grewal-solution-2025-2026/): Question 97: Abhipra Ltd. invited applications for issuing 1,00,000 equity shares of ₹10 each. The shares were issued at a premium of ₹20 per share. The amount was payable as follows: On Application ₹14 per share (including premium of ₹10), On Allotment ₹8 per share (including premium of ₹5) On First and Final Call ₹8 per share (including premium of ₹5). Applications for 90,000 shares were received. Paresh, a shareholder holding 5,000 shares, did not pay the allotment money and call. While Dharam, holder of 3,000 shares, did not pay the call. Shares of Paresh and Dharam were forfeited. Of ... Read more - [12th | Accounting for Share Capital | Question No. 93 To 96 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-accounting-for-share-capital-question-no-93-to-96-ts-grewal-solution-2025-2026/): Question 93: ‘Telecom Ltd.’ issued 20,000 Equity Shares of ₹10 each at a premium of ₹5 per share, payable as: ₹7 (including premium) on application, ₹5 on allotment and the balance after three months of allotment. A shareholder to whom 200 shares were allotted failed to pay the allotment and call money and his shares were forfeited. 160 of the forfeited shares were reissued for ₹1,600. Give necessary entries in company’s Journal and the Balance Sheet. Answer: Issued and Applied 20,000 equity shares of ₹10 each at a premium of ₹5 Application ₹ 7 (2+5) Allotment ₹ 5 First and Final ... Read more - [12th | Accounting for Share Capital | Question No. 89 To 92 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-accounting-for-share-capital-question-no-89-to-92-ts-grewal-solution-2025-2026/): Question 89: Pass necessary journal entries in the books of the company for the following transactions: Vishesh Ltd. forfeited 1,000 Equity Shares of ₹10 each issued at a premium of ₹2 per share for non-payment of allotment money of ₹5 per share including premium. The final call of ₹2 per share was not yet called on these shares. Of the forfeited shares 800 shares were reissued at ₹12 per share as fully paid-up. The remaining shares were reissued at ₹11 per share fully paid-up. (CBSE 2013 C) Answer: Journal In the books of Vishesh Ltd. Date Particulars L.F. Debit ₹ ... Read more - [12th | Accounting for Share Capital | Question No. 85 To 88 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-accounting-for-share-capital-question-no-85-to-88-ts-grewal-solution-2025-2026/): Question 85: The Directors of a company forfeited 300 shares of ₹10 each issued at a premium of ₹3 per share , for the non-payment of the first call money of ₹2 per share . The final call of ₹2 per share has not been made. Half the forfeited shares were reissued at ₹1,500 as fully paid-up. Record the journal entries for the forfeiture and reissue of shares. (CBSE 2009) Answer: Journal Entries Date Particulars L.F. Debit ₹ Credit ₹ Share Capital A/c (300 × 8) Dr. 2,400 To Share Forfeiture A/c (300 ... Read more - [12th | Accounting for Share Capital | Question No. 81 To 84 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-accounting-for-share-capital-question-no-81-to-84-ts-grewal-solution-2025-2026/): Question 81: Grofers Ltd. having authorised capital of ₹25,00,000, issued 2,00,000 equity shares of 10 each for subscription payable ₹4 on application, ₹3 on allotment and balance on first and final call. The shares were subscribed, and due amounts were received except first and final call on 4,000 shares held by Rana. These shares were forfeited. Later, half the shares were reissued as fully paid-up and 14,000 were ₹transferred to Capital Reserve. Pass the Journal entry for forfeiture and reissue of shares. Answer: Issued and Subscribed Capital 1,00,000 shares of ₹10 each Payable as: ₹ 4 on application ₹ 3 on ... Read more - [12th | Accounting for Share Capital | Question No. 77 To 80 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-accounting-for-share-capital-question-no-77-to-80-ts-grewal-solution-2025-2026/): Question 77: Slow & Steady Ltd. invited applications for 10,000 Equity Shares of ₹10 each for public subscription. The amount of these shares was payable as: On application ₹1 per share, on allotment ₹2 per share, on first call ₹3 per share and on second and final call ₹4 per share. All sums payable on application, allotment and calls were duly received with the following exceptions: (i) A, who held 200 shares, failed to pay the money on allotments and calls. (ii) B, to whom 150 shares were allotted, failed to pay the money on first call and final call. (iii) C, who held 50 ... Read more - [12th | Accounting for Share Capital | Question No. 73 To 76 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-accounting-for-share-capital-question-no-73-to-76-ts-grewal-solution-2025-2026/): Question 73: Show the forfeiture and reissue entries under each of the following cases: (i) KBC Ltd. forfeited 300 shares of ₹10 each, ₹8 called-up held by Mr. A for non-payment of second call money of ₹3 per share. These shares were reissued to Mr. Z for ₹10 per share as fully paid-up. (ii) KK Ltd. forfeited 400 shares of ₹10 each, fully called-up, held by Mr. B for non-payment of final call money of ₹4 per share. These shares were reissued to Mr. T at ₹12 per share as fully paid-up. (iii) LightLtd. forfeited 250 shares of ₹10 each, fully called-up held ... Read more - [12th | Accounting for Share Capital | Question No. 69 To 72 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-accounting-for-share-capital-question-no-69-to-72-ts-grewal-solution-2025-2026/): Question 69: R.P Ltd. forfeited 1,500 shares of Rahim of ₹10 each issued at a premium of ₹3 per share for non-payment of allotment and first call money. Rahim had applied for 3,000 shares. On these shares, amount was payable as follows: On application ₹3 per share, On allotment (including premium) ₹5 per share, On first call ₹3 per share, On final call Balance. Final call has not been called up. 1,000 of the forfeited shares were reissued for ₹8,500 as fully paid-up. Record the necessary Journal entries for the above transactions in the books of R.P. Ltd. (CBSE ... Read more - [12th | Accounting for Share Capital | Question No. 65 To 68 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-accounting-for-share-capital-question-no-65-to-68-ts-grewal-solution-2025-2026/): Question 65: Max Ltd. forfeited 500 shares of ₹100 each for non-payment of first call of ₹20 per share and final call of ₹25 per share. 250 of these shares were re-issued at ₹50 per share fully paid-up. Pass the necessary Journal entries in the books of Max Ltd. for forfeiture and re-issue of shares. Also prepare the Share Forfeiture Account. (CBSE 2020) Answer: Journal Date Particulars L.F. Debit ₹ Credit ₹ Share Capital A/c Dr. 50,000 To Share forfeited A/c 27,500 To Share first call A/c ... Read more - [12th | Accounting for Share Capital | Question No. 61 To 64 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-accounting-for-share-capital-question-no-61-to-64-ts-grewal-solution-2025-2026/): Question 61: Dell Ltd. forfeited 2,000 Equity Shares of ₹50 each issued at 10% premium on which allotment money of ₹15 per equity share (including premium) and first call of ₹15 per share were not received, the second and final call of 10 per equity share was not yet called. Calculate ‘Discount Allowed or Premium Received’ and ‘Amount transferred to Capital Reserve’ on reissue of shares as fully paid-up in each of the following cases: ₹45 per share. Case 1. If 200 of these shares were reissued as ₹40 paid-up for ₹45 per share. Case 2. If 200 of these ... Read more - [12th | Accounting for Share Capital | Question No. 57 To 60 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-accounting-for-share-capital-question-no-57-to-60-ts-grewal-solution-2025-2026/): Question 57: Vani Limited invited applications for issuing 1.00.000 equity shares of ₹10 each at a premium of 10%. The amounts were payable as under: On Application and Allotment ₹4 per share (including premium ₹1) On First Call ₹4 per share On Second and Final Call ₹3 per share. Applications for 1,50,000 shares were received and pro rata allotment was made to all the applicants. Excess application money was adjusted towards sums due on calls. Parth, a shareholder who had applied for 600 shares did not pay the first call. His shares were forfeited. The second and final call was ... Read more - [12th | Accounting for Share Capital | Question No. 53 To 56 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-accounting-for-share-capital-question-no-53-to-56-ts-grewal-solution-2025-2026/): Question 53: Chand Ltd. invited applications for issuing 1,00,000 equity shares of ₹10 each at a premium of ₹2 per share. The amount per share was payable as follows: ₹4 (including premium) on application, ₹5 on allotment and balance on first and final call. Applications were received for 1,80,000 shares of which applications for 30,000 shares were rejected and remaining applicants were allotted shares on pro rata basis. Mansi holding 5,000 shares failed to pay first and final call money and her shares were forfeited. Pass necessary Journal entries for the above transactions in the books of the company. (CBSE ... Read more - [12th | Accounting for Share Capital | Question No. 49 To 52 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-accounting-for-share-capital-question-no-49-to-52-ts-grewal-solution-2025-2026/): Question 49: Light Lamps Ltd. issued 50,000 shares of ₹10 each as fully paid-up to the promoters for their services to set-up the company. It also issued 2,000 shares of ₹10 each credited as fully paid-up to the underwriters of shares for their services. Journalise these transactions. Answer: Journal Date Particulars L.F. Debit (₹) Credit (₹) Incorporation Expenses A/c Dr. 5,00,000 To Share Capital A/c (50,000×10) 5,00,000 (Shares issued to promoters) Underwriting Commission A/c Dr. ... Read more - [12th | Accounting for Share Capital | Question No. 45 To 48 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-accounting-for-share-capital-question-no-45-to-48-ts-grewal-solution-2025-2026/): Question 45: Mangla Cortubi Ltd. took over a unit of Mangla Tubes Ltd. consisting of Machinery ₹40,00,000, Tools and Dies₹10,00,000 and Liabilities of ₹25,00,000 for a consideration of ₹20,00,000. The consideration was paid by issuing Equity Shares of ₹10 each at a premium of ₹5. You are required to pass the journal entries in the books of Mangla Cortubi Ltd. Answer: Mangla Cortubi Ltd. Journal Date Particulars L.F. Debit Amount (₹) Credit Amount (₹) (i) Machinery A/c A/c Dr. 40,00,000 Tools and Dies A/C Dr. 10,00,000 To Sundry ... Read more - [12th | Accounting for Share Capital | Question No. 41 To 44 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-accounting-for-share-capital-question-no-41-to-44-ts-grewal-solution-2025-2026/): Question 41: Goodluck Ltd purchased machinery costing ₹10,00,000 from Fair Deals Ltd. The company paid the price by issue of Equity Shares of ₹10 each at a premium of 25%. Pass necessary Journal entries for the above transactions in the books of Goodluck Ltd. Answer: Books Goodluck Ltd. Journal Date Particulars L.F. Debit Amount ₹ Credit Amount ₹ Machinery A/c Dr. 10,00,000 To Fail Deals Ltd. 10,00,000 (Machinery purchased from Fair Deals Ltd.) Fair Deals Ltd. Dr. 10,00,000 ... Read more - [12th | Accounting for Share Capital | Question No. 37 To 40 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-accounting-for-share-capital-question-no-37-to-40-ts-grewal-solution-2025-2026/): Question 37: Random Ltd. took over running business of Mature Ltd. comprising of Assets of ₹45,00,000 and Liabilities of ₹6,40,000 for a purchase consideration of ₹36,00,000. The amount was settled by bank draft of ₹1,50,000 and balance by issuing 12% Preference Shares of ₹100 each at 15% premium. Pass entries in the books of Random Ltd. (CBSE Sample Paper 2023) Answer: Mangla Cortubi Ltd. Journal Date Particulars L.F. Debit Amount (₹) Credit Amount (₹) (i) Assets A/c Dr. 45,00,000 To Sundry Liabilities A/c 6,40,000 To Mature ... Read more - [12th | Accounting for Share Capital | Question No. 33 To 36 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-accounting-for-share-capital-question-no-33-to-36-ts-grewal-solution-2025-2026/): Question 33. The authorised capital of Sarang Ltd. is ₹1,20,00,000 divided into 12,00,000 shares of 10 each. Out of these, company issued 8,00,000 shares of ₹10 each at a premium of 20%. The amount per share was payable as follows: On Application ₹2 On Allotment ₹6 (including premium) On First Call ₹2 On Final Call Balance Public applied for 7,80,000 shares. All the money was duly received. Prepare an extract of Balance Sheet of Sarang Ltd. as per Schedule ll, Part I of the Companies Act, 2013, disclosing the above information. Also prepare ‘Notes to Accounts’ for the same. (Foreign ... Read more - [12th | Accounting for Share Capital | Question No. 29 To 32 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-accounting-for-share-capital-question-no-29-to-32-ts-grewal-solution-2025-2026/): Question 29: Home Products Ltd. is registered with authorised capital of ₹10,00,000 divided into 1,00,000 equity shares of ₹10 each. It issued 70,000 Equity Shares for subscription at premium of ₹2 per share, payable ₹3 on application, ₹5 on allotment and balance on first and final call. It received subscription for 62,500 shares. You are required to pass the necessary Journal entries. Answer: Books of Home Product Ltd. Journal Date Particulars L.F. Debit (₹) Credit (₹) Bank A/c (62,500×3) Dr. 1,87,500 To Share Application A/c 1,87,500 (Share application ... Read more - [12th | Accounting for Share Capital | Question No. 25 To 28 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-accounting-for-share-capital-question-no-25-to-28-ts-grewal-solution-2025-2026/): Question 25: Sugandh Ltd. issued 60,000 shares of ₹10 each at a premium of ₹2 per share payable as ₹3 on application, ₹5 (including premium) on allotment and the balance on first and final call. Applications were received for 92,000 shares. The Directors resolved to allot as: (i) Applicants of 40,000 shares 30,000 shares, (ii) Applicants of 50,000 shares 30,000 shares, (iii) Applicants of 2,000 shares Nil. Mohan, who had applied for 800 shares in Category (i) and Sohan, who was allotted 600 shares in Category (ii) failed to pay the allotment money. Calculate amount received on allotment. ... Read more - [12th | Accounting for Share Capital | Question No. 21 To 24 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-accounting-for-share-capital-question-no-21-to-24-ts-grewal-solution-2025-2026/): Question 21: Sangam Ltd. invited applications for 20,000 Equity Shares of ₹100 each issued at par. The amount was payable on application. The issue was oversubscribed by 5,000 shares and allotment was made on pro rata basis. Pass necessary Journal entries. Answer: In the books of Sangam Ltd. Journal Date Particulars L.F. Debit (₹) Credit (₹) Bank A/c (25,000 × 100) Dr. 25,00,000 To Share Application and Allotment A/c (25,000 × 100) 25,00,000 (Being application money received on 25,000 equity shares) ... Read more - [12th | Accounting for Share Capital | Question No. 17 To 20 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-accounting-for-share-capital-question-no-17-to-20-ts-grewal-solution-2025-2026/): Question 16: Premio Ltd. issued 50,000 Equity Shares of ₹100 each at a premium of ₹50 per share, payable as follows: ₹100 per share on application; and Balance on Allotment. The issue was subscribed and shares were issued to the applicants. Pass the necessary Journal entries. Answer: Books of Premio Limited Journal Date Particulars L.F. Debit (₹) Credit (₹) Bank A/c Dr. 50,00,000 To Share Application A/c 50,00,000 (Application money received for 50,000 shares at ₹5 per shares) Share ... Read more - [12th | Accounting for Share Capital | Question No. 13 To 16 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-accounting-for-share-capital-question-no-13-to-16-ts-grewal-solution-2025-2026/): Question 13: Vivan Ltd. invited applications for 10,000 shares of ₹100 each payable as follows: ₹30 on application, ₹30 on allotment,₹20 on first call and the balance on final call. All the shares were applied and allotted. All the money was duly received. You are required to Journalise these transactions and show share Capital in the balance sheet. Answer: Issued and Subscribed Capital 10,000 shares of ₹100 each Payable as: ₹ 30 on application ₹ 30 on allotment ₹ 20 on first call ₹ 20 on final call 100 Books of Ashok Leather Ltd. Journal Date Particulars L.F. Debit ... Read more - [12th | Accounting for Share Capital | Question No. 9 To 12 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-accounting-for-share-capital-question-no-9-to-12-ts-grewal-solution-2025-2026/): Question 9: East India Hotels Ltd. was registered with authorised capital of ₹25,00,000 divided into 2,50,000 Equity Shares of ₹10 each. It issued 1,50,000 Equity Shares to public for subscription. The shares were subscribed and calls were made and received. First and final call of ₹3 was not made. Paresh holder of 5,000 shares paid the call money along with the allotment money. Prepare Balance Sheet of the company showing Share Capital. Answer: Balance Sheet of East India Particulars Note No. (₹) I. Equity and Liabilities 1. Shareholders’ Funds Share Capital 1 10,50,000 ... Read more - [12th | Accounting for Share Capital | Question No. 5 To 8 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-accounting-for-share-capital-question-no-5-to-8-ts-grewal-solution-2025-2026/): Question 5: Grand Hotels Ltd. had authorised capital of ₹50,00.000 divided into 50,000 Equity Shares of ₹100 each. It issued 10,000 Equity Shares to public for subscription on the following terms: On Application ₹40 per share On Allotment ₹30 per share Balance on First and Final call. Shares were fully subscribed and amounts called were duly received. First and Final call was not yet made. Prepare Balance Sheet of the company showing Share Capital. Answer: Authorised Capital 50,00,000 equity shares of ₹100 each Issued and Subscribed Capital 10,000 shares Balance Sheet of East India Particulars Note No. ... Read more - [12th | Accounting for Share Capital | Question No. 1 To 4 | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-accounting-for-share-capital-question-no-1-to-4-ts-grewal-solution-2025-2026/): Question 1: Global Trade Ltd. has authorised share capital of ₹1,00,00,000 divided into 1,00,000 Equity Shares of ₹100 each. It has existing issued and paid up capital of ₹25,00,000. It further issued to public 25,000 Equity Shares at a premium of 20% for subscription payable as under: On Application: ₹30 On Allotment: ₹60 and On Call: Balance Amount. The issue was fully subscribed and allotment was made to all the applicants. The company did not make the call during the year. Show share capital of the company in the Balance Sheet of the Company. Answer: Balance Sheet of ... Read more - [12th | Accounting for Share Capital | Ts Grewal Solution 2025-2026](https://commercemine.com/12th-accounting-for-share-capital-ts-grewal-solution-2025-2026/): Ts Grewal Solution 2025-2026 Click below for more Questions Class 12 / Volume – 2 Chapter 9- Company Accounts- Accounting for Share Capital Question No. 1 To 4Question No. 5 To 8Question No. 9 To 12Question No. 13 To 16Question No. 17 To 20Question No. 21 To 24Question No. 25 To 28Question No. 29 To 32Question No. 33 To 36Question No. 37 To 40Question No. 41 To 44Question No. 45 To 48Question No. 49 To 52Question No. 53 To 56Question No. 57 To 60Question No. 61 To 64Question No. 65 To 68Question No. 69 To 72Question No. 73 To 76Question No. 77 To 80Question No. 81 To 84Question ... Read more - [11th | Accounting for Goods and services (GST) | Question No. 11 And 12 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-accounting-for-goods-and-services-gst-question-no-11-and-12-ts-grewal-solution-2025-2026/): Click below for more Questions Ts Grewal Solution 2025-2026 Class 11th Chapter 12 – Accounting of Goods and Services Tax (GST) Question No. 1 and 2Question No. 3 and 4 Question No. 5 and 6 Question No. 7 and 8 Question No. 9 and 10 Question No. 11 and 12 - [11th | Accounting for Goods and services (GST) | Question No. 9 And 10 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-accounting-for-goods-and-services-gst-question-no-9-and-10-ts-grewal-solution-2025-2026/): Question 9: Record the following transactions in the Purchases Return Book of Kamla Stores, Delhi for April, 2024: 2024 April 6 Returned goods to Ramesh Brothers, Delhi purchased for `5,000 plus CGST and SGST@ 6% each April 8 Returned goods to Sohan Brothers, Meerut purchased for 10,000 plus IGST @ 12% April 17 Returned goods to Mahesh Brothers of R 2,000 plus CGST and SGST @ 6% each Answer: Date Particulars Debit Note No. L.F. Details ` Value ` Input CGST Cr. (`) Input SGST Cr. (`) Input IGST Cr. (`) Total ` 2024 ... Read more - [11th | Accounting for Goods and services (GST) | Question No. 7 And 8 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-accounting-for-goods-and-services-gst-question-no-7-and-8-ts-grewal-solution-2025-2026/): Question 7: From the following transactions of Kamal, Guwahati, prepare Purchases Book and post into Ledger: 2024 April 1 Purchased from Videocon India Ltd, Kolkata: 30 Colour T.Vs@ `15,000 each, less Trade Discount @ 10% plus IGST @ 12%. April 15 Purchased from Sony India Ltd, Guwahati: 10 colour T.Vs @ `20,000 each less Trade Discount@10% plus CGST and SGST @ 6% each. April 20 April 20 Purchased from Music India Ltd, Delhi: 10 music systems @ `10,000 each less Trade Discount @ 15% plus IGST @ 129%. April 30 Purchased from Videocon India Ltd, Kolkata: 5 washing machines ... Read more - [11th | Accounting for Goods and services (GST) | Question No. 5 And 6 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-accounting-for-goods-and-services-gst-question-no-5-and-6-ts-grewal-solution-2025-2026/): Question 5: Pass Journal entries in the books of Puneet, Delhi for the following: (i) Received an order from Karan & Co. for supply of goods of `50,000. (ii) Received an order from AK& Co. for goods of `1,00,000 along with a cheque for `25,000 as advance. (iii) Paid to staff `40,000 against outstanding salaries of 60,000. (iv) Sold goods to Bharat, Kaithal (Haryana) of `10,000 plus IGST @ 12% out of which 1/5th were returned by Bharat being defective. (v) Cheque of `20,000 issued by Feroz was dishonoured. (vi) Received 40 paise in a rupee from Feroz against the ... Read more - [11th | Accounting for Goods and services (GST) | Question No. 3 And 4 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-accounting-for-goods-and-services-gst-question-no-3-and-4-ts-grewal-solution-2025-2026/): Question 3: Journalise the following in the books of Amit Saini, Gurugram (Haryana): (i) Goods of `5,000, out of goods purchased within the state, were taken by him for personal use. (ii) `2,000 due from Sohan were bad debts. (ii) Goods of `6,000 were destroyed by fire and were not insured. These goods were purchased from outside the state. (iv) Paid 4,000 in cash as wages on installation of machine. (GST is not to be levied.) (v) Sold goods to Arjun of Delhi of list price `20,000. Trade discount @ 10% and cash discount of 5% was allowed. He paid ... Read more - [11th | Accounting for Goods and services (GST) | Question No. 1 And 2 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-accounting-for-goods-and-services-gst-question-no-1-and-2-ts-grewal-solution-2025-2026/): Question 1: Journalise the following Transactions in the books of Rajan of Delhi: (i) Sold goods t to Krishna of Delhi at the list price 20,000 less trade discount 10% add CGST and SGST @ 9% each and allowed cash discount 5%, He paid the amount immediately. (ii) Supplied goods costing `6,000 to Mohan of Kolkata issued invoice at 10% above Cost less 5% trade discount plus 1GST@ 18%. (iii) Goods valued at `2,500 distributed from stock as samples, as part of an advertising campaign. These goods were purchased paying CGST and SGST @ 9% each. (iv) Sold goods costing ... Read more - [11th | Accounting for Goods and services (GST) | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-accounting-for-goods-and-services-gst-ts-grewal-solution-2025-2026/): Click below for more Questions Ts Grewal Solution 2025-2026 Class 11th Chapter 12 – Accounting of Goods and Services Tax (GST) Question No. 1 and 2Question No. 3 and 4 Question No. 5 and 6 Question No. 7 and 8 Question No. 9 and 10 Question No. 11 and 12 - [11th | Special Purpose Book – II Other Books | Question No. 15 and 16 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-special-purpose-book-ii-other-books-question-no-15-and-16-ts-grewal-solution-2025-2026/): Question 15: R. Chetan, Kolkata has the following balances in his books on 1st March, 2025: Cash `15,400; Cash at Bank `82,500; Stock `1,92,500; Plant and Machinery `4,40,000. Sundry Debtors: Rajesh `27,500; James `13,750. Sundry Creditors: Rao `19,250, Samanta; `35,750; Capital `7,16,650. The following are the transactions for the month of March 2025: 2025 Transactions ` March 1 Cash Sales 2,000 March 2 Purchases machinery by cheque 5,000 March 4 Paid salaries by cheque 2,750 March 7 Paid wages 440 March 9 Rajesh settled his account by cheque less 5% discount March 11 Sold goods on credit to James, Patna 10,000 March 13 Sent a credit ... Read more - [11th | Special Purpose Book – II Other Books | Question No. 13 and 14 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-special-purpose-book-ii-other-books-question-no-13-and-14-ts-grewal-solution-2025-2026/): Question 13: (Closing Entries). Give the necessary entries in the Journal Proper of Ram on 31st March, 2025 to close his books: Freehold Premises `30,000; Plant and Machinery `20,000; Sundry Debtors `25,000; Purchases `37,500; Sales `95,000; Discount (Dr.) `150; Discount (Cr.) `175; Sundry Creditors `12,500; Carriage Inwards `375; Carriage Outwards `600; Furniture and Fixtures `2,500; Wages `5,000; Bad debts `750; Salaries `3,600; Commission (Cr.) `2,125; Capital Account − `25,000; Bills Payable `7,500; Bills Receivable `9,000; Trade Expenses `2,550; Opening stock `22,075; Closing Stock `10,000; Ram’s Loan Account `20,000; Cash in Hand `75; Cash at Bank `3,125. Answer: Journal Date Particulars L.F. Debit (`) Credit (`) ... Read more - [11th | Special Purpose Book – II Other Books | Question No. 11 and 12 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-special-purpose-book-ii-other-books-question-no-11-and-12-ts-grewal-solution-2025-2026/): Question 11: Enter the following transactions in the Sales Return Book of Raj Computers, Delhi: 2025 Jan. 1 Sohan & Sons returned 2 Laptops HP sold @ `40,000 each Jan. 2 Ramesh & Sons, Noida returned 2 ‘Ricoh’ printers sold @ `10,000 each Jan. 25 Dinesh, Chandigarh returned 10 HP Desktops sold @ `20,000 Jan. 26 Computer Mouse returned by Ravi, Delhi sold to him for cash `2,000 Write up the Ledger Accounts. Answer: Sales Return Book of Raj Computers, Delhi Date Particulars Credit Note No L.F. Details (`) (`) 2025 ... Read more - [11th | Special Purpose Book – II Other Books | Question No. 9 and 10 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-special-purpose-book-ii-other-books-question-no-9-and-10-ts-grewal-solution-2025-2026/): Question 9: Record the following transactions in the Purchases Return Book of Kamla Stores, Delhi for April, 2025: 2025 April 6 Returned goods to Ramesh Brothers, Delhi purchased for `5,000 April 8 Returned goods to Sohan Brothers, Meerut purchased for `10,000 April 17 Returned goods to Mahesh Brothers of `2,000 Answer: Books of Kamla Stores Purchases Return Book Date Particulars Debit Note No L.F. Details (`) (`) 2025 April 06 Ramesh Brothers, Delhi 5,000 5,000 April 08 Sohan Brothers, Meerut 10,000 10,000 ... Read more - [11th | Special Purpose Book – II Other Books | Question No. 7 and 8 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-special-purpose-book-ii-other-books-question-no-7-and-8-ts-grewal-solution-2025-2026/): Question 7: Prepare Purchases and Sales Book from the following transactions of Rahul, Bengaluru: 2025 Jan. 1 Bought from M/s. Uma Datt, Mumbai: 1,000 Registers @ `80 each 50 Reams Paper @ `250 per ream Less: Trade Discount 25% Jan. 2 Sold to Shri Dayal, Bengaluru: 250 Registers @ `85 each 5 Reams paper @ `300 per ream Jan. 8 Bought from BILT, Delhi: 100 Reams Ruled Paper @ `600 per ream Less: Trade Discount 15% Jan. 12 Sold to Gupta Bros., Delhi: 250 Registers @ `85 each 50 Reams Ruled Paper ... Read more - [11th | Special Purpose Book – II Other Books | Question No. 5 and 6 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-special-purpose-book-ii-other-books-question-no-5-and-6-ts-grewal-solution-2025-2026/): Question 5: From the following particulars, prepare a Sales Book of M/s. Gyan & Bros., Delhi, dealers of stationery and post into Ledger Accounts: 2025 Jan. 1 Sold to M/s. Stationery Mart, Delhi: 10 reams white paper @ `300 per ream Jan. 2 Sold to M/s. Puran Chand & Co., Chandigarh: 6 dozen pens @ `200 per dozen Jan. 10 Sold old newspaper for `62 Jan. 25 Sold on credit to M/s. Rahim & Co., Varanasi: 10 Drawing Boards @ `500 per piece Jan. 30 Sold to M/s. Kay Cee & Co., Delhi: 4 Portable ... Read more - [11th | Special Purpose Book – II Other Books | Question No. 3 and 4 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-special-purpose-book-ii-other-books-question-no-3-and-4-ts-grewal-solution-2025-2026/): Question 3: From the following transactions of Kamal, prepare Purchases Book and post into Ledger: 2025 April 1 Purchased from Videocon India Ltd., Kolkata; 30 Colour T.Vs @ `15,000 each, less Trade Discount @ 10% Freight charges `2,000. April 15 Purchased from Sony India Ltd., Guwahati: 10 colour T.Vs @ ` 20,000 each less Trade Discount @ 10% April 20 Purchased from Music India Ltd., Delhi: 10 music systems @ `10,000 each less Trade Discount @ 15% April 30 Purchased from Videocon India Ltd., Kolkata: 5 washing machines @ `15,000 each less Trade Discount @ 20%, Freight ... Read more - [11th | Special Purpose Book – II Other Books | Question No. 1 and 2 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-special-purpose-book-ii-other-books-question-no-1-and-2-ts-grewal-solution-2025-2026/): Question 1: Record the following transactions in the Purchases Book of Krishna General Stores, Delhi: 2025 May 1 Bought from M/s. Chunni Lal Mam Raj, Delhi: 100 bags of ITC Wheat Atta @ `530 per bag 50 bags of Rice Basmati @ `500 per bag Less: Trade Discount @ 10% May 3 Bought from M/s. Kanodia Oil Mills, Delhi: 40 tins Oil @ `1,500 per tin 20 tins Banaspati Oil @ `900 per tin Less: Trade Discount @ 5% May 4 Purchased from M/s. Gupta Bros., Hapur: ... Read more - [11th | Special Purpose Book – II Other Books | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-special-purpose-book-ii-other-books-ts-grewal-solution-2025-2026/): Click below for more Questions Ts Grewal Solution 2025-2026 Class 11th Chapter 11 – Special Purpose Book II – Other Books Question No. 1 and 2Question No. 3 and 4 Question No. 5 and 6 Question No. 7 and 8 Question No. 9 and 10 Question No. 11 and 12 Question No. 13 and 14 Question No. 15 and 16 - [11th | Special Purpose Book - Cash Book | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-special-purpose-book-cash-book-ts-grewal-solution-2025-2026/): Click below for more Questions Ts Grewal Solution 2025-2026 Class 11th Chapter 8 – Special Purpose Book I- Cash Book Question No. 1 To 4Question No. 5 To 8Question No. 9 To 12Question No. 13 And 14 - [11th | Special Purpose Book - Cash Book | Question No. 13 To 14 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-special-purpose-book-cash-book-question-no-13-to-14-ts-grewal-solution-2025-2026/): Question 13: Rajan maintains a Columnar Petty Cash Book on the Imprest System. The imprest amount is ` 5,000. From the following information, show how his Petty Cash Book would appear for the week ended 12th September, 2024: 2024 ` Sept. 7 Balance in Hand 1,349 Received cash reimbursement to make up the imprest Postage 123 Stationery 321 Sept. 8 Travelling and conveyance 126 Miscellaneous expenses 11 Entertainment 72 Sept. 9 Repairs 1,567 Sept. 10 Postage 174 Travelling 673 Sept. 12 Miscellaneous expenses 201 Postage 483 Repairs 30 Answer: Books ... Read more - [11th | Special Purpose Book - Cash Book | Question No. 9 To 12 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-special-purpose-book-cash-book-question-no-9-to-12-ts-grewal-solution-2025-2026/): Question 9: Enter the following transactions in Two-column Cash Book of Reema, Chandigarh and find cash and bank balances: 2025 ` April 1 Cash balance ` 2,000, bank balance ` 24,500 April 2 Cash sales 60,000 April 5 Deposited in Bank 50,000 April 7 Issued cheque to Sohan 10,000 April 12 Received a cheque from National Insurance Co. Ltd. against claim lodged last year 19,800 April 14 Sold goods to Niraj of ` 25,000, received cash ` 10,000 and balance by cheque. Allowed him discount ` 500 April 16 Purchased furniture by cheque ... Read more - [11th | Special Purpose Book - Cash Book | Question No. 5 To 8 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-special-purpose-book-cash-book-question-no-5-to-8-ts-grewal-solution-2025-2026/): Question 5: Record the following transactions in Double Columns Cash Book and balance the book on 31st March, 2025: 2025 ` March 1 Cash in Hand 12,750 Cash at Bank 72,400 March 4 Received from Asha cash ` 1,200 and a cheque for ` 3,200, allowed discount ` 400 March 7 Paid salary to staff by cheque 25,600 March 9 Withdrawn cash from bank for office use 21,900 March 12 Interest paid by bank on bank balance 1,200 March 16 Purchased furniture in cash 16,500 March 21 Paid Mohan & Co. by cheque, discount received ` 100 10,900 March 24 Proprietor ... Read more - [11th | Special Purpose Book - Cash Book | Question No. 1 To 4 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-special-purpose-book-cash-book-question-no-1-to-4-ts-grewal-solution-2025-2026/): Question 1: Enter the following transactions of Ripinder, Delhi in a Single Column Cash Book and balance it: 2025 ` Jan. 1 Ripinder started business with capital 2,00,000 Jan. 2 Purchased furniture for cash 50,000 Jan. 3 Purchased goods for cash 30,000 Jan. 5 Paid freight 500 Jan. 7 Sold goods for cash 28,000 Jan. 10 Paid to Ramesh 20,000 Jan. 15 Sold goods for cash 10,000 Jan. 20 Paid wages 10,000 Jan. 25 Purchased goods from Raj on credit 20,000 Jan. 31 Paid rent by Cheque 5,000 Answer: Cash Book Dr. Cr. ... Read more - [11th | Journal | Question No. 25 and 26 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-journal-question-no-25-and-26-ts-grewal-solution-2025-2026/): Question 25: Journalise the following transactions: ` (i) Shyam became insolvent. A first and final compensation of 75 paise in a rupee was received from his Official Receiver. He owed us 10,000 (ii) Received cash from Ramesh whose amount was written off last year as bad debts. 5,000 (iii) Rent due to landlord. 8,000 (iv) Salaries due to Staff. 10,000 (v) Placed an order with Rakesh Mohan for the supply of goods of the list price of ` 1,00,000. In this connection, Raman paid 10% of the list price as an advance by cheque. (vi) Supplied goods costing ... Read more - [11th | Journal | Question No. 23 and 24 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-journal-question-no-23-and-24-ts-grewal-solution-2025-2026/): Question 23: Journalise the following transactions in the books of M/s. R.K. & Co.: (i) Purchased goods of list price of ` 20,000 from Vishal at 20% trade discount against cheque payment. (ii) Purchased goods of list price of ` 20,000 from Naman at 15% trade discount against cash. (iii) Purchased goods of list price of ` 30,000 from Amrit at 20% trade discount. (iv) Purchased goods from Hari & Co. of list price `40,000 for `35,000 against cash. (v) Goods purchased from Amrit of list price ` 10,000returned. (vi) Sold goods to Parul of list price of ` 40,000 at 10% trade discount ... Read more - [11th | Journal | Question No. 21 and 22 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-journal-question-no-21-and-22-ts-grewal-solution-2025-2026/): Question 21: Journalise the following transactions of Rakesh Agencies, Delhi (Proprietor Shri Rakesh): 2025 ` Jan 1 Rakesh commenced business with cash 50,000 Jan 2 Purchased goods for cash 10,000 Jan 5 Purchased goods from Mohan, Delhi 60,000 Jan 7 Opened bank account with Bank of India 10,000 Jan 10 Purchased furniture for office 2,000 Jan 15 Sold goods for cash 8,000 Jan 20 Sold goods to Ram of the list price of 1,25,000 less 20% Trade discount and 2% cash discount and paid 40% by cheque Jan 25 Cash sales 3,500 Jan 27 Paid to Mohan on ... Read more - [11th | Journal | Question No. 19 and 20 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-journal-question-no-19-and-20-ts-grewal-solution-2025-2026-2/) - [11th | Journal | Question No. 19 and 20 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-journal-question-no-19-and-20-ts-grewal-solution-2025-2026/): Question 19: Journalise the following transactions of Gurman: 2025 ` Jan. 01: Gurman started business with cash. 2,00,000 Jan. 02:Paid into bank. 60,000 Jan. 03: Bought goods from Singh &Co. 20,000 Jan 03 :Paid cartage on goods purchased. 300 Jan. 04 :Purchased furniture. 2,000 Jan. 04 :Paid advance for purchase of HP Printers for 15,000. 5,000 Jan. 04 :Purchased calculator. 1,000 Jan. 04 :Purchased computer and paid by cheque. 13,000 Jan. 06 :Paid for Mobile bill and Internet (Office). 5,700 Jan. 08 :Sold goods for cash. 4,000 Jan. 09 :Sold goods to Sharda & Co. 10,000 Jan. 09 :Paid ... Read more - [11th | Journal | Question No. 17 and 18 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-journal-question-no-17-and-18-ts-grewal-solution-2025-2026/): Question 17: Pass Journal entries for the following transactions: (a) Muskaan started business with Cash `3,00,000, Stock `5,00,000 and building `25,00,000. (b) Construction of power-back room `1,00,000. (c) Paid insurance premium for stock `15,000 and self `7,000. (d) Goods destroyed by fire `80,000, Insurance Claim lodged. (e) Commission received `25,000, 20% being received in advance. (f) Insurance company paid 80% in full and final settlement. (g) Salaries paid `48,000 and due `22,000. (h) Provide Depreciation on Building @ 10% per annum. Answer: Journal Date Particulars L.F. Debit ` Credit ` (a) Cash A/c Dr. 3,00,000 Stock A/c Dr. ... Read more - [11th | Journal | Question No. 15 and 16 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-journal-question-no-15-and-16-ts-grewal-solution-2025-2026/): Question 15: Pass Journal entries for the following transactions: (a) Sanjiv started business with cash `5,00,000. (b) Opened a bank account depositing `3,00,000. (c) Invested in shares (personal) for `50,000, paid out of Saving Account. (d) Bought goods (timber) for `3,00,000, paid half by cash and half by cheque. (e) Paid carriage for unloading the timber `5,000. (f) Bank charges `2,000. (g) Goods of `15,000 were used to make furniture and wages paid `5,000. (h) Dividend collected by bank `5,000 wrongly credited in firm’s account. (i) Tejvir sold his personal scooter for `35,000 and deposited the amount in firm’s bank ... Read more - [11th | Journal | Question No. 13 and 14 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-journal-question-no-13-and-14-ts-grewal-solution-2025-2026/): Miscellaneous Question 13: Pass Journal entries for the following transactions: (a) Pankaj started business with cash `2,00,000 and Bank `8,00,000. (b) Bought a machinery for `25,00,000 by making a down-payment of 10%. (c) Paid `48,000 as wages for installation of machine. (d) Bought goods from Chhabra Bros. `3,00,000. (e) Withdrawn from bank `50,000. (f) Repaid bank loan `35,000 including interest of `3,000. (g) Sold goods to Samuel `40,000. (h) Received from Samuel `39,750, discount allowed 250. (i) Paid rent of `37,500 by cheque. (j) Provide depreciation on machinery at 15% per annum. Answer: Journal Date Particulars L.F. Debit ` Credit ... Read more - [11th | Journal | Question No. 11 and 12 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-journal-question-no-11-and-12-ts-grewal-solution-2025-2026/): Adjustment Entries Question 11: Pass Journal entries for the following adjustment on 31st March, 2025: (i) Interest due but not received `10,000. (ii) Salaries due to staff `50,000. (iii) Out of the rent paid this year, `5,000 is for the next year. (iv) Provide 10% depreciation on Furniture costing `1,00,000. (v) Goods used in making Furniture (Sales Price `5,000; Cost `4,000). (vi) Received commission of `20,000 by cheque, half of which is in advance. (vii) Allow interest on capital `8,000. (viii) Charge interest on drawings `1,500. Answer: Journal Date Particulars L.F. Debit ` Credit ` (i) Accrued Interest A/c ... Read more - [11th | Journal | Question No. 9 and 10 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-journal-question-no-9-and-10-ts-grewal-solution-2025-2026/): Transactions Relating to Fixed Assets Question 9: Pass necessary Journal entries for the following transactions: 2025 ` April 1: Paid repairing charges on existing machineries. 1,000 April 2: Purchased a new machinery. 42,500 April 3: Paid freight and carriage on machinery. 2,500 April 4: Paid installation charges on machinery. 5,000 April 5: Purchased a second-hand machinery. 18,000 April 6: Paid repairing charges on above machinery. 2,500 Answer: Journal Date Particulars L.F. Debit ` Credit ` 2025 Repairing A/c Dr. 1,000 Apr 01 To Cash A/c (Being Paid repairing charges on existing machineries.) 1,000 ... Read more - [11th | Journal | Question No. 7 and 8 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-journal-question-no-7-and-8-ts-grewal-solution-2025-2026/): Question 7: Pass the necessary Journal entries for the following transactions: 2025 ` 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 ... Read more - [11th | Journal | Question No. 5 and 6 | Ts Grewal Solution 2025-2026](https://commercemine.com/11th-journal-question-no-5-and-6-ts-grewal-solution-2025-2026/): Bad Debts and Bad Debts Recovered Question 5: Pass Journal entries for the following transactions: 2025 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 Answer: Journal Date Particulars L.F. Debit ` Credit ` 2025 Apr 01 Cash ... Read more ## Pages - [Terms and Conditions](https://commercemine.com/terms-and-conditions/): Terms and Conditions (“Terms”) Last updated: December 24, 2020Please read these Terms and Conditions (“Terms”, “Terms and Conditions”) carefully before using the http://commercemine.com website (the “Service”) operated by (“us”, “we”, or “our”).Your access to and use of the Service is conditioned on your acceptance of and compliance with these Terms. These Terms apply to all visitors, users and others who access or use the Service.By accessing or using the Service you agree to be bound by these Terms. If you disagree with any part of the terms then you may not access the Service. The Terms and Conditions agreement for has been created with ... Read more - [Home](https://commercemine.com/): We are here to help and Support to Students of Commerce and Management Accountancy Solutions T.S. Grewal’s Accountancy Solutions Class 11th Solution 2022-2023 Solution 2024-2025 Solution 2025-2026 Class 12th Solution 2022-2023 Solution 2023-2024 Solution 2024-2025 Solution 2025-2026 - [Disclaimer](https://commercemine.com/disclaimer/): Disclaimer for https://commercemine.com If you require any more information or have any questions about our site’s disclaimer, please feel free to contact us by email at commercemine@gmail.com Disclaimers for commercemine.com All the information on this website – https://commercemine.com/ – is published in good faith and for general information purpose only. commercemine.com does not make any warranties about the completeness, reliability and accuracy of this information. Any action you take upon the information you find on this website (commercemine.com), is strictly at your own risk. commercemine.com will not be liable for any losses and/or damages in connection with the use of our ... Read more - [Privacy Policy](https://commercemine.com/privacy-policy/): Who we are Suggested text: Our website address is: https://commercemine.com. Comments Suggested text: When visitors leave comments on the site we collect the data shown in the comments form, and also the visitor’s IP address and browser user agent string to help spam detection. An anonymized string created from your email address (also called a hash) may be provided to the Gravatar service to see if you are using it. The Gravatar service privacy policy is available here: https://automattic.com/privacy/. After approval of your comment, your profile picture is visible to the public in the context of your comment. Media Suggested ... Read more - [Home](https://commercemine.com/home/): Help and support the creative community We are Creative80 Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. Read Articles Subscribe to our Newsletter Elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. Please enable JavaScript in your browser to complete this form.Email * Subscribe Popular Categories Design Advertising Photography Film Explore Them All The Creative80 Room Podcasts JenniferOliver Episode 50 Jennifer Oliver talks about magna aliqua ut enim ad minim veniam quis nostrud KarineBramer Episode 49 Karine Bramer and all the magna aliqua ut enim ad minim veniam quis ullamco ... Read more - [Contact](https://commercemine.com/contact/): Loading… Or Directly Mail On Below Email Address commercemine@gmail.com - [About](https://commercemine.com/about/): About Us commercemine.com is a platform providing Free study material for Commerce Students of classes XI and XII from CBSE, ICSE or Any other state board for all the Subjects (ACCOUTANCY, ECONOMICS, BUSINESS STUDIES and ENTREPRENEURSHIP) And in the all areas of studies for commerce in the form of Text and Videos. And very soon, We are going to provide study materials for CA, CS, MBA. It is always an effort to provide study materials in order to make study easy and convenient. We always try to make studies an experience. Therefore, Our slogan always been ‘An experience’. [comment]: # (Generated by Hostinger Tools Plugin)
Document
llms-full.txt
Not stored for this site.