Question No 03 Chapter No 9
3.Enter the following transaction in the purchase book of Goyal Brother, Punjab :
| 2018 | |
| Mar.1 | Purchased on credit from Maharaj sport, Jalandhar |
| 50 wills Cricket Bats @ Rs 120 each | |
| 40 Hockey sticks@ Rs 65 each | |
| (Trade discount 25%), CGST and SGST 2.5%) | |
| Mar. 10 | Purchased from Kapoor Sprot Co., Ludhiana |
| 20 Basket Balls @ RS 90 each | |
| 26 foot balls @ Rs 80 each | |
| 12 Volley Balls @ Rs 75 each | |
| (Trade discount 20%), Freight Rs 176, CGST and SGST 2.5%) | |
| Mar.15 | Bough from Yuvraj Spots House, Mumbai |
| 50 Carrom Boards @ Rs 120 each | |
| (Trade discount 30% IGST 5%) | |
| 60 able Tennis Bats @ RS 145 each | |
| (Trade discount 20%, IGST 5%) | |
| Mar.27 | Bought from Mahajan Spots, Vishakhapatnam |
| 100 Cricket Balls @ Rs 40 each | |
| 60 table tennis balls @ RS25 each | |
| (Trade discount 12%, Freight and IGST 5%) |
The solution of Question No 03 Chapter No 9: –
| Date | Particular | Detail | Cost |
Input CGST | Input SGST | Input ISGT |
Freight | Total |
| 2018 |
||||||||
| Mar. 1 | Maharaj Sports, Jalandhar | |||||||
| 50 wills cricket Bats @ Rs 120 each | 6,000 | |||||||
| 40 Hockey sticks @ Rs 65 each | 2,600 | |||||||
| 8,600 | ||||||||
| Less: Trade Discount @25% | 2,150 | |||||||
| 6,450 | ||||||||
| Add: CGST | 161 | |||||||
| Add: SGST | 161 | |||||||
| 6,772 | 6,450 | 161 | 161 | 6,772 | ||||
| Mar. 10 | Kapoor Sports Co., Ludhiana | |||||||
| 20 Basket Balls @ Rs 90 each | 1,800 | |||||||
| 26 Foot Balls @ Rs 80 each | 2,080 | |||||||
| 12 Volley Balls@ Rs 75 each | 900 | |||||||
| 4,780 | ||||||||
| Less: Trade Discount @20% | 956 | |||||||
| 3,824 | ||||||||
| Add: freight | 176 | |||||||
| 4,000 | ||||||||
| Add: CGST | 100 | |||||||
| Add: CGST | 100 | |||||||
| 4,200 | 3,824 | 100 | 100 | 176 | 4,200 | |||
| Mar. 15 | Yuvraj Sports House, Mumbai | |||||||
| 50 carrom Boards @ Rs 120 each | 6,000 | |||||||
| 6,000 | ||||||||
| Less: Trade Discount @30% | 1,800 | |||||||
| 12,350 | ||||||||
| Add: IGST | 210 | |||||||
| 4,410 | 4,200 | 210 | 4,410 | |||||
| 60 Table Tennis Bats @ Rs 145 each | 8,700 | |||||||
| Less: Trade Discount @20% | 1,740 | |||||||
| 6,960 | ||||||||
| Add: IGST | 348 | |||||||
| 7,308 | 6,960 | 348 | 7,308 | |||||
| Mar. 27 | Mahajan Sports, Vishakhapatnam | |||||||
| 100 Cricket balls @ Rs 40 each | 4,000 | |||||||
| 60 Table Tennis Bats @ Rs 25 each | 1,500 | |||||||
| 5,500 | ||||||||
| Less: Trade Discount @12% | 660 | |||||||
| 4,840 | ||||||||
| Add: Fright | 360 | |||||||
| 5,200 | ||||||||
| Add: IGST | 260 | |||||||
| 5,336 | 260 | 360 | 5,336 | |||||
| Total | 26,274 | 261 | 261 | 818 | 536 | 28,150 | ||
Note: There is a mistake in the Mar. 27 there is no Amount of Fright is given if We take Fright Rs 360 then the answers will come
Purchase Book | Types | Examples | Subsidiary Books
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Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution
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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
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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)
Chapter No. 18 – Financial Statements – (With Adjustments)