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.1Purchased 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. 10Purchased 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.15Bough 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.27Bought 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: –

 

  
DateParticularDetailCost
Input CGSTInput SGST Input
ISGT
 
FreightTotal
2018

        
Mar. 1Maharaj Sports, Jalandhar       
 50 wills cricket Bats @ Rs 120 each6,000      
 40 Hockey sticks @ Rs 65 each2,600      
  8,600      
 Less: Trade Discount @25%2,150      
  6,450      
 Add: CGST161      
 Add: SGST161      
  6,7726,450161161  6,772
         
Mar. 10Kapoor Sports Co., Ludhiana       
 20 Basket Balls @ Rs 90 each1,800      
 26 Foot Balls @ Rs 80 each2,080      
 12 Volley Balls@ Rs 75 each900      
  4,780      
 Less: Trade Discount @20%956      
  3,824      
 Add: freight176      
  4,000      
 Add: CGST100      
 Add: CGST100      
  4,2003,824100100 1764,200
         
Mar. 15Yuvraj Sports House, Mumbai       
 50 carrom Boards @ Rs 120 each6,000      
  6,000      
 Less: Trade Discount @30%1,800      
  12,350      
 Add: IGST210      
  4,4104,200  210 4,410
 60 Table Tennis Bats @ Rs 145 each8,700      
 Less: Trade Discount @20%1,740      
  6,960      
 Add: IGST348      
  7,3086,960  348 7,308
         
Mar. 27Mahajan Sports, Vishakhapatnam       
 100 Cricket balls @ Rs 40 each4,000      
 60 Table Tennis Bats @ Rs 25 each1,500      
  5,500      
 Less: Trade Discount @12%660      
  4,840      
 Add: Fright360      
  5,200      
 Add: IGST260      
  5,336   2603605,336
 Total 26,27426126181853628,150

 

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: –

Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Origin of Transactions

Chapter No. 4 – Vouchers and transactions

Chapter No. 5 – Journal

Chapter No. 6 – Accounting for Goods and Services Tax(GST)

Chapter No. 7 – Ledger

Chapter No. 8 – Cash Book

Chapter No. 9 – Other Subsidiary Books

Chapter No. 10 – Journal Proper

Chapter No. 11 – Trial Balance

Chapter No. 12 – Bank Reconciliation Statement

Chapter No. 13 – Depreciation

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)

 

 

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