Question No 09 Chapter No 9

09.Record the following transaction in the Purchases Book of Modern Furniture House, New Delhi assuming CGST @ 6% and SGST @6%, and post it into Ledger:

 Nov.3 Purchased goods from Sachdeva Furniture Store, New Delhi : 50 Chairs @ 2,000 each 5 Tables @ 10,000 each Less: 10% Trade Discount Nov.10 Purchased furniture from Mahadeva & Co., Jaipur Rajasthan valued 2,00,000, less 12 1/2 % Trade Discount Nov.18 Purchased furniture from Fashion Furniture House, Chandigarh of the list price of 2,50,000, less 15%. Nov.20 Purchased from India Furniture House, New Delhi : 100 Chairs @ 1,800 each Nov.25 Purchased from Mohan Lal & Sons furniture of the value of 20,000 for cash.

## The solution of Question No 09 Chapter No 9: –

 Purchases Book Date Particular Detail Cost Input CGST Input SGST InputISGT Total 2018Nov. 4 Sachdeva Furniture Store, New Delhi 50 Chairs @ Rs 2,000 each 1,00,000 05 Tables @ Rs 10,000 each 50,000 1,50,000 Less: 10% Trade Discount 15,000 1,35,000 Add: 12% IGST 16,200 1,51,200 1,35,000 16,200 1,51,200 10 Mahadeva & Co. Jaipur Rajasthan 2,00,000 Less : 12 1 2% Trade Discount 25,000 1,75,000 Add: 6% CGST 10,500 Add: 6% SGST 10,500 1,96,000 1,75,000 10,500 10,500 1,96,000 18 Fashion Furniture House, Chandigarh Punjab 2,50,000 Less: 15% Discount 37,500 2,12,500 Add: 6% CGST 12,750 Add: 6% SGST 12,750 2,38,000 2,12,500 12,750 12,750 2,38,000 20 India Furniture House, New Delhi 100 Chairs @ 1,800 each 1,80,000 Add: 12% IGST 21,600 2,01,600 2,01,600 21,600 2,01,600 7,02,500 23,250 23,250 37,800 10,36,000
 Dr. Purchases A/c Cr. Date Particulars J.F. Amount Date Particulars J.F. Amount 2018 2018 Nov.30 By Sundries as per Purchases Boo 7,02,500
 Dr. Sachdeva Furniture Store A/c Cr. Date Particulars J.F. Amount Date Particulars J.F. Amount 2018 2018 Nov.03 By Purchases A/c 1,35,000 Nov.03 By Input IGST A/c 16,200
 Dr. Mahadeva & Co A/c Cr. Date Particulars J.F. Amount Date Particulars J.F. Amount 2018 2018 Nov.10 To Purchases A/c 1,75,000 Nov.10 To Input CGST A/c 10,500 Nov.10 To Input SGST A/c 10,500
 Dr. Fashion Furniture House A/c Cr. Date Particulars J.F. Amount Date Particulars J.F. Amount 2018 2018 Nov.18 To Purchases A/c 2,12,500 Nov.18 To Input CGST A/c 12,750 Nov.18 To Input SGST A/c 12,750
 Dr. India Furniture House A/c Cr. Date Particulars J.F. Amount Date Particulars J.F. Amount 2018 2018 Nov.20 By Purchases A/c 1,80,000 Nov.20 By Input IGST A/c 21,600

Note: Transaction on Nov. 25 will not be recorded in the Purchases Book as it is a cash transaction.
2 Input CGST, Input SGST and Input IGST according to text book are Rs.18,900, 18,900 and Rs.46,500 respectively while as per our calculation Input CGST, Input SGST and Input IGST are Rs.23,250, 2,250 and Rs.37,800 respectively

What is Ledger in accounting – explain its Types

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