2. Prepare Simple Cash Book of Gurman from the following transactions:
| 2024 | ₹ | |
|---|---|---|
| April 01 | Gurman commenced business introducing cash | 2,00,000 |
| April 04 | Purchased following assets for business: Computer ₹16,000; Furniture ₹18,500 and Machinery ₹32,000, payment made by cheque. |
|
| April 06 | Purchased goods from Bhushan in cash | 40,000 |
| April 08 | Paid wages for installation of Machinery | 4,000 |
| April 12 | Computer repair charges | 1,900 |
| April 15 | Paid wages | 15,000 |
| Purchased Postage Stamps | 150 | |
| Paid for stationery | 2,700 | |
| April 19 | Sold for cash half the goods purchased from Bhushan to Anil at a profit of 25% and allowed him Trade Discount of 5% | |
| April 24 | Payment to carpenter for repairs to personal furniture | 350 |
| April 26 | Paid for medical expenses of Smt. Gurman | 1,800 |
| April 30 | Paid for shop rent | 2,500 |
T.S.Grewal/2024 Edition/Practical Problems/Q-02
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.