13. Give the necessary entries in the Journal Proper of Gurman on 31st March, 2024 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 ₹32,500; Trade Expenses ₹2,550: Opening Stock ₹22,075; Closing Stock ₹10,000; Ram’s Loan Account ₹20,000; Cash in Hand ₹9,075; Cash at Bank ₹3,125.
T.S.Grewal/2024 Edition/Practical Problems/Q-13
For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, Textbook for CBSE Class XI published by Sultan Chand & Sons Pvt. Ltd.
