Question No 10 Chapter No 8

Question No 10 Chapter No 8

10. Prepare the purchase book of M/s Shiv Stationers from the following:

2018 
Jun.1Purchased from Gagan Stationery Mart on credit
 (i) 70 dozens pencils @ 25 per dozen
 (ii) 10 dozens registers @ 15 per register
Jun.10Purchased from Amrit Furniture
 2 Tables @ 1,500 per table.
Jun.15Purchased 3 dozens ink pots @ 80 per dozen from Mehar Paper Co. and received a cash discount of 50
Jun.18Purchased from Rehman Bros. on credit
 (i) 5 reams of white paper @ 50 per ream
 (ii) 120 pens @ 60 per dozen
 Less trade discount of 10%

The solution of Question No 10 Chapter No 8: –

Returns Outward Book of Modern Shoes, Kolkata West Bengal
DateParticularDetailTotal
2018
Jan.
   
01Gagan Stationery Mart  
 70 dozen Pencils @ Rs 25 per dozen1,750 
 120* Registers @ Rs 15 per Register1,800 
  4,3154,315
18Rehman Bros  
 5 reams of White Paper @ Rs 50 per ream250 
 10 Dozen** @ 60 per dozen600 
  850 
 Less: 10% Trade Discount85 
  765765
   4,315

Note: Purchases book records only the credit purchase of goods, so transaction dated June 10 being the purchase of furniture and June 15 being the purchase of goods for cash will not be recorded

Working Note:-

1 Dozen contains a quantity of 12

So, 120 Pens will be=120
12
   
 =10 Dozen

 

Purchase Return Book | Subsidiary Books | Examples

Thanks, Please Like and share with your friends  

Comment if you have any question.

Also, Check out the solved question of all Chapters: –

D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution

Check out the Accountancy Class +1 by D.K. Goal (Arya Publication) from their official Site.

ISC Accounts 11 20 Image min 197x300 - Question No 10 Chapter No 8 - D.K Goal 11 Class
D K Goel accountancy +1 – ISC_Accounts_11_20_Image

 

Leave a Reply

About us

About us, we are here to improve your knowledge in all financial & Business related topics and to get better carrier opportunities. The author has about 10-year Experience in tuition Business. It is very difficult to teach a large number of students with a personal touch or in a classroom. 

Animation's Resource websites

All Icons and images used on my website were downloaded from the following website please go and download free:-

close