[CBSE] Q 13, Q 14 Solutions Special Purpose Books II other Book TS Grewal (2025-26)
Solutions of Question number 13 and 14 Special Purpose Book II other Books TS Grewal class 11 CBSE Board 2025-26 Session?
Q. 13. (Closing Entries). Given the necessary entries in the Journal Proper of Gurman 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; Furnitrue 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.
Solution:-
Q. 14. (Adjustment Entries). From the following information available on 31st March, 2023, pass the necessary Adjustment Entries in the Journal for the year ending on that date:
(i) Interest accrued ₹ 2,500.
(ii) Wages for March, 2022 outstanding ₹ 10,000.
(iii) Insurance Prepaid ₹ 1,500.
(iv) Commission due to manager 5% on net profit after charging such commission. The profit before charging such commission was ₹ 1,06,000.
(v) Interest due on loan but not paid. Loan of ₹ 1,50,0000 was taken at 9% p.a. 9 months before end of the year.
Solution:-
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