Loading Tutorstips...
✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Question No 5 Chapter No 8- UNIMAX Class 11 - Solution
5. (with GST). From the following information on M/s. Divyam & Co., Delhi, prepare the purchases book for the month of February 2020:
| Jan.1 | Purchases from M/s Rupa & Co., Kolkata on credit: |
| 5 gross pencils @1,200per gross | |
| 2 dozen register # 500 per drozen | |
| Less: trade discount @ 10% | |
| Jan.2 | Purchases for cash from the stationery mart |
| 10 dozen exercise books @ ₹ 300 per dozen | |
| Jan.3 | Purchases computer printer for office use from M/s office goods Co. on credit for ₹ 20,000 |
| Feb.4 | Purchases on credit from the Singh paper Co., Delhi |
| 8 reams of white paper @ ₹ 500 per ream | |
| 10 reams of ruled paper @ ₹ 600 per ream | |
| Less: trade discount @ 10 % | |
| Jan.5 | Purchases 80 flair pens @ ₹ 5 each from M/s Nagoke bros., Delhi on credit |
| Note: CGST and SGST are levied @ 2.5% each and IGST is levir |
Purchase Book
| Date | Invoice no. | Particulars |
L. F. | DETAIL | COST | Input CGST | Input SGST | Input IGST | Amount |
|---|---|---|---|---|---|---|---|---|---|
| 2020 | |||||||||
| Feb.1 | 301 | Ms. Rupa & co. Kolkata | |||||||
| 5 gross pencils @ 1,200 | 6,000 | ||||||||
| 2 dozen registers @ ₹ 500 per dozen | 1,000 | ||||||||
| 7,000 | |||||||||
| Less: trade discount @ 10% | 700 | ||||||||
| 6,300 | |||||||||
| Add: IGST 5% | 315 | ||||||||
| 6,615 | 6300 | 315 | 6,615 | ||||||
| Feb.4 | The Singh paper Co., Delhi | ||||||||
| 8 reams white paper @ ₹ 500 each | 4,000 | ||||||||
| 10 reams ruled paper @ ₹ 600 each | 6,000 | ||||||||
| 10,000 | |||||||||
| Less: trade discount @ 10 % | 1,000 | ||||||||
| 9,000 | |||||||||
| Add: CGST @ 2.5% | 225 | ||||||||
| Add: SGST @ 2.5% | 225 | ||||||||
| 9,450 | 9,000 | 225 | 225 | 9,450 | |||||
| Feb.5 | M/s Nagoke bros., Delhi | ||||||||
| 80 flair pens @ ₹ 5 each | 400 | ||||||||
| Add: CGST 2.5 % | 10 | ||||||||
| Add: CGST 2.5 % | 10 | ||||||||
| 420 | 400 | 10 | 10 | 420 | |||||
| 15,700 | 235 | 235 | 315 | 16,485 |
Read out the full article to know the meaning of Purchase Book
Purchase Book | Types | Examples | Subsidiary Books
Also, Check out the same article in Hindi from the following link
Purchase Book | Types | Examples | Subsidiary Books in Hindi
Also, Check out the solved question of all Chapters: –
Part-I
Students may choose only one part from the Part II and Part III
Part-II
Part-III
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 5 Chapter No 8- UNIMAX Class 11 - Solution", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Unimax class 11 - 2021.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
You can take our custom-built interactive practice quiz directly on this page to test your understanding of "Question No 5 Chapter No 8- UNIMAX Class 11 - Solution" instantly.
