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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
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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: 25 bags gram @ ₹480 per bag; 40 bags oats @ ₹25 per bag; Less: Trade Discount @ 5% |
Books of Krishna General Stores, Delhi
Purchases Book
| Date | Particulars | Invoice No. | L.F. | Details (₹) | Total (₹) |
|---|---|---|---|---|---|
| 2025 May 01 | 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: 10% Trade Discount | 53,000 25,000 78,000 (7,800) | 70,200 | ||
| May 03 | M/s Kanodia Oil Mills, Delhi 40 tins Oil @ ₹1,500 per tin 20 tins Banaspati Oil @ ₹900 per tin Less: 5% Trade Discount | 60,000 18,000 78,000 (3,900) | 74,100 | ||
| May 04 | M/s Gupta Bros., Hapur 25 bags gram @ ₹480 per bag 40 bags oats @ ₹25 per bag Less: 5% Trade Discount | 12,000 1,000 13,000 (650) | 12,350 | ||
| May 31 — Purchases A/c Dr. | 1,56,650 |
Note: May 31 — Purchases A/c Dr. ₹1,56,650 (total of Purchases Book posted to ledger).
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
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