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Question No 11 Chapter No 9
Purchases book & Sale Book
11. Enter the following transaction of Buta Singh’s business in proper books.
| 2018 | |
| Sep.1 | Purchased from Kalyan Singh Watch Co., Lucknow |
| 3 dozen wall clocks @ Rs 3,600 per dozen | |
| 2 dozen Wristwatches @ Rs 450 per watch | |
| (Less 20% trade discount) | |
| Sep.4 | Sold to Sahib Singh & Co., Ne Delhi |
| 8 Alarm Time Pieces @Rs 175 each | |
| (10% Trade discount) | |
| Sep.7 | Sold to Parkash Singh & Co., Chandigarh |
| 12 Gold Plated Wrist Watches @ Rs 2,500 each | |
| 8 Office clocks @ Rs 250 each | |
| (less 15% Trade discount) | |
| Sep.9 | Bought of Virbhadra Singh & Sons, Shimla |
| 4 dozen Wall Clocks @ Rs 300 per piece | |
| 2 dozen Time Pieces @ RS 175 per piece | |
| Sep.12 | Sold to Manmohan Singh & Co., Amritsar |
| 12 Wrist Watches @ Rs 3,600 per dozen | |
| 18 Time Pieces @ Rs 1,200 per dozen | |
| (Less 10% Trade discount) | |
| Sep.15 | Bought of Mulayam Singh & Co., Lucknow |
| 10 Pocket Watches @ Rs 425 each | |
| 12 Gold Plated Watches @ Rs 2,500 each |
Purchases Book
| Date | Particular | Detail | Total |
|---|---|---|---|
| 2018 | |||
| Sep. 1 | Kalyan Singh Watch Co., Lucknow | ||
| 3 Dozen Wall Clocks @ Rs 3,600 per dozen | 10,800 | ||
| 2 dozen Wrist Watch @ Rs 450 per watch | 10,800 | ||
| 21,600 | |||
| Less: Trade Discount @20% | 4,320 | ||
| 17,280 | 17,280 | ||
| Sep. 9 | Virbhadra Singh & Sons, Shimla | ||
| 4 dozen Wall Clocks @ Rs 300 per piece | 14,400 | ||
| 2 dozen Time Pieces @ Rs 175 per piece | 4,200 | ||
| 18,600 | 18,600 | ||
| Sep. 15 | Mulayam Singh & Co., Lucknow | ||
| 10 Pocket Watches @ Rs 425 each | 4,250 | ||
| 12 Gold Plated Watches @ Rs 2,500 each | 30,000 | ||
| 34,250 | 34,250 | ||
| Total | 70,130 |
Sale Book
| Date | Particular | Detail | Total |
|---|---|---|---|
| 2018 | |||
| Sep. 4 | Sahib Singh & Co., New Delhi | ||
| 8 Alarm Timepieces @ Rs 175 each | 1,400 | ||
| Less: Trade Discount @10% | 140 | ||
| 1,260 | 1,260 | ||
| Sep. 7 | Parkash Singh & Co., Chandigarh | ||
| 12 Gold Plaited Wrist Watches@ Rs 2,500 each | 30,000 | ||
| 8 Office clocks @ Rs 250 each | 2,000 | ||
| 32,000 | |||
| Tared Discount 15% | 4,800 | ||
| 27,200 | 27,200 | ||
| Sep. 12 | Manmohan Singh & Co., Amritsar | ||
| 12 Wrist Watches @ Rs 3,600 per dozen | 3,600 | ||
| 18 Time Pieces @ Rs 1,200 per dozen | 1,800 | ||
| 5,400 | |||
| Tared Discount 10% | 540 | ||
| 4,860 | 4,860 | ||
| Total | 33,320 |
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Also, Check out the solved question of all Chapters: –
Chapter No. 2 - Theory Base of Accounting
Chapter No. 3 - Origin of Transactions
Chapter No. 4 - Vouchers and transactions
Chapter No. 6 - Accounting for Goods and Services Tax(GST)
Chapter No. 9 - Other Subsidiary Books
Chapter No. 10 - Journal Proper
Chapter No. 11 - Trial Balance
Chapter No. 12 - Bank Reconciliation Statement
Chapter No. 14 - Provisions and Reserves
Chapter No. 15 - Bills of Exchange
Chapter No. 16 - Rectification of Errors
Chapter No. 17 - Financial Statements - (Without Adjustments)
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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