Question No 8 Chapter No 11 - T.S. Grewal 11 Class

Question No 8 Chapter No 11

Purchases and Sale Books

8. Prepare Purchases and Sale Books from the following transaction of Rahul, Bengaluru:

2018
Jan.1	Bought from M/s Uma Dutt, Mumbai On credit
	1,000 Registers @ Rs 80 each
	50 Reams paper 2 Rs 250 per ream
	Less: Trade Discount 25 %
	Add: IGST @ 5%
Jan.2	Sold to Shri Dayal, Bengaluru:
	250 Registers @ Rs 85 per each
	5 Reams paper @ Rs 300 per ream
	Charged CGST and SGST 2.5% each
Jan.8	Bought from BILT., Delhi:
	100 Reams Ruled Paper @ RS 600 per ream
	Less: Trade Discount 15%
	Plus: IGST @ 5%
Jan.12	Sold to Gupta Bros., Delhi
	250 Registers @ Rs 85 each
	50 Reams of Paper @ Rs 700 Per ream
	Less: Trade Discount 5%, Charged IGST @ 5%
Jan.18	Sold to Ram Saran Das:
	20 Copies Double Entry Book Keeping @ Rs 85 each
Jan.25	Bought from Hari Ram, Delhi
	1,000 Pens @ Rs 10 each
	Less: Trade Discount 15%
	Plus: IGST @ 5%
Jan.31	Sold to Rishi Kumar, Bengaluru:
	300 Registers @ Rs 90 each
	50 Reams Ruled Paper @ Rs 700 per ream
	20 Reams Paper @ Rs 300 per ream
	Trade Discount 10%, Charged CGST and SGST @ 2.5% each

The solution of Question No 8 Chapter No 11: - 

In the Books of  Rahul, Bengaluru:

	Purchases Book
Date	Particular	Detail	Cost	Input CGST	Input SGST	Input ISGT	Total
2018 Jan
1	M/s Uma Dutta, Mumbai:
	1,000 Registers @ Rs 80 each	80,000
	50 Reams @ Rs 250 each	12,500
		92,500
	Trade Discount 25%	23,125
		69,375
	Add: IGST	3,469
		72,844	29,375			3,469	72,844
8	BILT, Delhi
	100 Reams Ruled Paper @ Rs 600 per ream	60,000
		60,000
	Less: Trade Discount @ 15%	9,000
		51,000
	Charged IGST 5%	2,550
		53,550	51,000			2,550	53,550
25	Hari Ram, Delhi
	1,000 pens @ Rs 10 each	10,000
		10,000
	Less: Trade Discount 15%	1,500
		8,500					5,600
	Plus: IGST 5%	425
		8,925	8,500			425	8,925
			1,28,875			6,444	1,35,319

 

	Purchases Book
Date	Particular	Detail	Cost	Output CGST	Output SGST	Output ISGT	Total
2018 Jan
2	Shri Dayal, Bengaluru
	250 Registers @ Rs 85 each	21,250
	5 Reams Paper @ Rs 300 per ream	1,500
		22,750
	Plus: CGST 2.5%	569
	Plus: SGST 2.5%	569
		23,888	22,750	569	569		23,888
12	Gupta Bros., Delhi
	250 Registers @ Rs 85 each	21,250
	50 Reams ruled Paper @ Rs 700 per ream	35,000
		56,250
	Less: Trade Discount 5%	2,812
		53,438
	Add: IGST 5%	2,672
		56,110	53,438			2,672	56,110
18	Ram Saran Das
	20 Copies Double Entry Bookkeeping @ Rs 85	1,700	1,700				1,700
31	Rishi Kumar, Bengaluru:
	300 registers @ Rs 90 each	27,000
	50 reams Ruled paper @ Rs 700 per ream	35,000
	20 Reams Paper @ Rs 300 per Ream	6,000
		68,000
	Less: Trade Discount @ 10%	6,800
		61,200
	Add: CGST 2.5%	1,530
	Add: CGST 2.5%	1,530
		64,260	61,200	1,530	1,530		64,260
			1,39,088	2,099	2,099	2,672	1,45,958

 

To understand more about cash book please check out following links: -

https://tutorstips.com/purchase-book/

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Also, Check out the solved question of previous Chapters: -

• Chapter No. 5 - Accounting Equation
• Chapter No. 6 - Accounting Procedures - Rules of Debit and Credit
• Goods and Services Tax(GST)
• Chapter No. 8 - Journal
• Chapter No. 9 - Ledger
• Chapter No. 10 – Special Purpose Books I – Cash Book

Check out T.S. Grewal +1 Book 2019 @ Official Website of Sultan Chand Publication