Question No 03 Chapter No 9 – USHA Publication 11 Class

Question No 03 Chapter No 9

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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Also, Check out the solved question of all Chapters: –

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Vouchers and transactions

Chapter No. 4 – Journal

Chapter No. 5 – Ledger

Chapter No. 6 – Cash Book

Chapter No. 7 – Other Subsidiary Books

Chapter No. 8 – Journal Proper

Chapter No. 9 – Trial Balance 

Chapter No. 10 – Bank Reconciliation Statement

Chapter No. 11 – Depreciation

Chapter No. 12 – Provisions and Reserves 

Chapter No. 13 – Bills of Exchange

Chapter No. 14 – Rectification of Errors 

Chapter No. 15 – Financial Statements – (Without Adjustments)

Chapter No. 16 – Financial Statements – (With Adjustments)

 

 

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