Question No 04 Chapter No 9 – USHA Publication 11 Class

Question No 04 Chapter No 9

Question No 04 Chapter No 9

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.1 Purchased 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.9 Purchased in cash 30 boxes of tea @ Rs 600 per box at a trade discount of 10%
Jan.12 Purchased on credit 5 Almirahs @ Rs 5,000 each from Talwar House at trade discount of 10% vide No 124
Jan.18 Purchased 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.21 Purchased 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: –

 

   
Date Particular Detail Cost
Input CGST Input SGST  Input
ISGT
 
Freight Total
2018

               
Jan. 1 Harneet Kaur, Delhi              
  10 chests of green tea @ Rs 5,000 per chests 50,000            
  12 chests of Black tea @ Rs 7,500 per Chests 90,000            
    1,40,000            
  Less: Trade Discount @20% 28,000            
    1,12,000            
  Add: Freight 1,000            
    1,13,000            
  Add: CGST 6,780            
  Add: SGST 6,780            
    1,26,560 1,12,000 6,780 6,780   1,000 1,26,560
                 
Jan. 18 Nilgiri Tea Co., Assam              
  25 boxes of tea @ Rs 600 per box 15,000            
    15,000            
  Less: Trade Discount @10% 1,500            
    13,500            
  Add: freight 500            
    14,000            
  Add: CGST 840            
  Add: CGST 840            
    15,680 13,500 840 840   500 15,680
                 
Jan.21 Harjit Singh of Delhi              
  60 Kg of Special green Tea @ Rs 200 per Kg 12,000            
    12,000            
  Less: Trade Discount @30% 1,200            
    10,800            
  Add: CGST 648            
  Add: SGST 648            
    12,096 10,800 648 648     12,096
  Total   1,36,300 8,268 8,268   1,500 1,54,336

 

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

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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