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Question No 01 Chapter No 8 – D.K Goal 11 Class

Question No 01 Chapter No 8
Q-01 - CH-8 - D.K Goal +1 Book 2020 - Solution

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Question No 01 Chapter No 8

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Purchase Book

1. Prepare a Purchase Book in the books of M/s Modern Furniture House, Lucknow U.P from the following transactions assuming CGST @ 6% and SGST @ 6% :-

2017 
Jun.5Bought from Mohan Lal & Co., Kanpur U.P:-
 20 Godrej Chairs @ 2,000 each
 5 Godrej Tables @ 6,000 each
 Trade Discount 20% 
Jun.10Purchased from Bharat Bhushan & Sons, Varanasi U.P:- 
 5 Almirahs @ 12,000 each
 2 Revolving Chairs @ 20,000 each
 Trade Discount 10%
Jun.14Purchased from Surya Traders, Lucknow U.P
 80 Desks @ 2,500 each
 10 Sofa Sets @ 20,000 each
 Trade Discount @ 15%
Jun.20Purchased for cash from Gopi Chand Haldi Ram, Delhi:-
 4 Tables @ 5,000 each
Jun.25Bought Furniture for office use from New Furniture House, Faridabad on Credit :
 5 Chairs @ 2,500 per Chair
 2 Tables @ 5,000 per Table.

The solution of Question No 01 Chapter No 8: –

 Purchases Book 
DateParticularDetailCost
Input CGSTInput SGST Input
ISGT
 
Total
2018
Jun
       
5Mohan Lal &
Company, Kanpur
      
 20 Godrej Chairs @ 2,000 each40,000     
 5 Godrej Tables @ 6,000 each30,000     
  70,000     
 Less: Trade Discount @ 20 %14,000     
  56,000     
 Add: CGST 6%3,360     
 Add: CGST 6%480     
  62,72056,0003,3603,360 62,720
10Bharat Bhushan & Sons, Varanasi      
 5 Almirahs @ 12,000 each60,000     
 2 Revolving Chairs @ 20,000 each40,000     
  1,00,000     
 Less: Trade Discount @10%10,000     
  90,000     
 Add: CGST5,400     
 Add: SGST5,400     
  1,00,80090,0005,4005,400 1,00,800
14Surya Traders, Lucknow      
 80 Desks @ 2,500 each2,00,000     
 10 Sofa Sets @ 20,000 each2,00,000     
  4,00,000     
 Less: Trade Discount @15%60,000     
  3,40,000     
 Add: CGST20,400     
 Add: SGST20,400     
  3,80,8003,40,00020,40020,400 3,80,800
   4,86,00029,16029,160 5,44,320

Purchase Book | Types | Examples | Subsidiary Books

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D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution

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