[CBSE] Q 13 Solutions Special Purpose Books II other Book TS Grewal (2023-24)
Question number 13 solution special purpose book II other books TS Grewal class 11 CBSE 2023–24
(Closing Entries). Given the necessary entries in the Journal Proper of Ram on 31st March, 2023 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:-
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