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Question No 23 Chapter No 9
Purchases, Sale, Purchases Return and Sale Return book
23.From the following transaction of Vijay Sethi, a cloth merchant, prepare the purchases book, sale book and return the book
| 2017 | |
| Jul.1 | Purchased from Reliance Trading goods Rs 10,000 less 10% trade discount and 5% cash discount terms |
| Jul.3 | Invoice goods worth Rs 3,000 to Mr Kotecha on credit |
| Jul.5 | A & Co., delivered goods worth Rs 2,000 net after deducting 1% trade discount he paid them half the amount in cash immediately |
| Jul.7 | Placed order for goods Rs 9,000 to Bombay cloth stores |
| Jul.9 | Sent debit note to Reliance Textiles for Rs 100, for goods returned to them |
| Jul.11 | Purchased goods worth Rs 1,200 from binny cloth stores, the same were delivered to C. Mehta & Co., for Rs 1,300 |
| Jul.13 | Received debit note from Mr Kotecha for Rs 150 for goods returned by him |
Purchases Book
| Date | Particular | Detail | Total |
|---|---|---|---|
| 2017 | |||
| Jul. 1 | Reliance Trading | 10,000 | |
| Less- Trade discount 10% | 1,000 | ||
| 9,000 | 9,000 | ||
| Jul. 5 | A & Co., | 1,010.10 | |
| Trade discount 15% | 10.10 | ||
| 1,000 | 1,000 | ||
| Jul. 6 | Binny Cloth stores | 1,200 | 1,200 |
| Total | 11,200 |
Sale Book
| Date | Particular | Detail | Total |
|---|---|---|---|
| 2017 | |||
| Jul. 3 | Kotecha | 3,000 | |
| 3,000 | 3,000 | ||
| Jul. 6 | C. Mehta | 1,300 | |
| 1,300 | 1,300 | ||
| Total | 4,300 |
Purchases Return Book
| Date | Particular | Detail | Total |
|---|---|---|---|
| 2017 | |||
| Jul. 9 | Reliance Textiles | 100 | |
| 100 | |||
| Total | 100 |
Sale Return Book
| Date | Particular | Detail | Total |
|---|---|---|---|
| 2017 | |||
| Jul. 13 | Kotecha | 150 | |
| Total | 150 |
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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.
This guide covers "Question No 23 Chapter No 9 - USHA Publication 11 Class", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to USHA Publication +1 Elements of Book-Keeping.
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