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Question No 04 Chapter No 9 – USHA Publication 11 Class

Question No 04 Chapter No 9
Q-04 - CH-9 - USHA +1 Book 2020 - Solution

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Question No 04 Chapter No 9

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4.The following purchases were made by Mandeep Kaur, Delhi During the month of January, 201 9 when all purchases were made at 6% CGST and SGST:

2019 
Jan.1Purchased on credit from Harneet Kar, Delhi vide Income No.109
 10chests of green Tea @ Rs 5,000 per chest
 12 chests of Black Tea @ Rs 7,500 per chest
 Trade discount 20% freight Rs 1,000
Jan.9Purchased in cash 30 boxes of tea @ Rs 600 per box at a trade discount of 10%
Jan.12Purchased on credit 5 Almirahs @ Rs 5,000 each from Talwar House at trade discount of 10% vide No 124
Jan.18Purchased on credit from Nilgiri Tea Co./, Assam vide Income No.128
 25 boxes of tea @ Rs 600 per box
 Trade discount 10% freight Rs 500
Jan.21Purchased on credit from Harjit Singh of Delhi vide income No.130
 60 Kgs of special Green Tea @ Rs 200 per Kg
 Trade discount 10%

The solution of Question No 04 Chapter No 9: –

  
DateParticularDetailCost
Input CGSTInput SGST Input
ISGT
 
FreightTotal
2019

        
Jan. 1Harneet Kaur, Delhi       
 10 chests of green tea @ Rs 5,000 per chests50,000      
 12 chests of Black tea @ Rs 7,500 per Chests90,000      
  1,40,000      
 Less: Trade Discount @20%28,000      
  1,12,000      
 Add: Freight1,000      
  1,13,000      
 Add: CGST6,780      
 Add: SGST6,780      
  1,26,5601,12,0006,7806,780 1,0001,26,560
         
Jan. 18Nilgiri Tea Co., Assam       
 25 boxes of tea @ Rs 600 per box15,000      
  15,000      
 Less: Trade Discount @10%1,500      
  13,500      
 Add: freight500      
  14,000      
 Add: CGST840      
 Add: CGST840      
  15,68013,500840840 50015,680
         
Jan.21Harjit Singh of Delhi       
 60 Kg of Special green Tea @ Rs 200 per Kg12,000      
  12,000      
 Less: Trade Discount @30%1,200      
  10,800      
 Add: CGST648      
 Add: SGST648      
  12,09610,800648648  12,096
 Total 1,36,3008,2688,268 1,5001,54,336

 

Note: Entry of Jan.19 and Jan 12 will not in purchases Account because Jan.19 is a cash transaction and Jan. 21 entry is not related to purchases account

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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 

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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

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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 

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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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