Question No 09 Chapter No 5 - USHA Publication 11 Class

Question No 09 Chapter No 5

Table of Contents

9. State with reasons whether the following transactions are cash transaction or credit transaction:

(i)	Goods purchased for Rs 35,200.
(ii)	Goods purchased for cash Rs 45,300.
(iii)	Cash purchases Rs 10,000.
(iv)	Goods purchased from Maneka for cash Rs 18,350.
(v)	Goods purchased from Maneka Rs 31,250.
(vi)	Goods purchased from Maneka on credit Rs 12,500.
(vii)	Goods purchased from Maneka Rs 55,000.
(viii)	Goods purchased on credit Rs 24,000.
(ix)	Goods purchased from Maneka on account Rs 25,600.

The solution of Question No 09 Chapter No 5: –

In the Books of Sushma
S.no	Particulars		L.F.	Debit	Credit
(i)	Purchases A/c	Dr.		35,250
	To Cash A/c				35,250
	(Being goods purchases for cash .)

(ii)	Purchases A/c	Dr.		45,300
	To Cash A/c				45,300
	(Being goods purchases for cash .)

(iii)	Purchases A/c	Dr.		10,000
	To Cash A/c				10,000
	(Being goods purchases for cash .)

(iv)	Purchases A/c	Dr.		18,350
	To Cash A/c				18,350
	(Being goods purchases for cash .)

(v)	Purchases A/c	Dr.		31,250
	To Maneka A/c				31,250
	(Being goods purchases on credit)

(vi)	Purchases A/c	Dr.		24,000
	To Maneka A/c				24,000
	(Being goods purchases on credit)

(vii)	Purchases A/c	Dr.		55,000
	To Maneka A/c				55,000
	(Being goods purchases on credit)

(viii)	Purchases A/c	Dr.		24,600
	To Creditor A/c				24,600
	(Being goods purchases on credit)

(ix)	Purchases A/c	Dr.		25,600
	To Maneka A/c				25,600
	(Being goods purchases on credit)