Question No 11 Chapter No 9 – USHA Publication 11 Class

Question No 11 Chapter No 9

Question No 11 Chapter No 9

Purchases book & Sale Book

11. Enter the following transaction of Buta Singh’s business in proper books.

2018  
Sep.1 Purchased from Kalyan Singh Watch Co., Lucknow
  3 dozen wall clocks @ Rs 3,600 per dozen
  2 dozen Wristwatches @ Rs 450 per watch
  (Less 20% trade discount)
Sep.4 Sold to Sahib Singh & Co., Ne Delhi
  8 Alarm Time Pieces @Rs 175 each
  (10% Trade discount)
Sep.7 Sold to Parkash Singh & Co., Chandigarh
  12 Gold Plated Wrist Watches @ Rs 2,500 each
  8 Office clocks @ Rs 250 each
  (less 15% Trade discount)
Sep.9 Bought of Virbhadra Singh & Sons, Shimla
  4 dozen Wall Clocks @ Rs 300 per piece
  2 dozen Time Pieces @ RS 175 per piece
Sep.12 Sold to Manmohan Singh & Co., Amritsar
  12 Wrist Watches @ Rs 3,600 per dozen
  18 Time Pieces @ Rs 1,200 per dozen
  (Less 10% Trade discount)
Sep.15 Bought of Mulayam Singh & Co., Lucknow
  10 Pocket Watches @ Rs 425 each
  12 Gold Plated Watches @ Rs 2,500 each 

 

The solution of Question No 11 Chapter No 9: –

 

Purchases Book
Date Particular Detail Total
2018      
Sep. 1 Kalyan Singh Watch Co., Lucknow    
  3 Dozen Wall Clocks @ Rs 3,600 per dozen 10,800  
  2 dozen Wrist Watch @ Rs 450 per watch 10,800  
    21,600  
  Less: Trade Discount @20% 4,320  
    17,280 17,280
       
Sep. 9 Virbhadra Singh & Sons, Shimla    
  4 dozen Wall Clocks @ Rs 300 per piece 14,400  
  2 dozen Time Pieces @ Rs 175 per piece 4,200  
    18,600 18,600
Sep. 15 Mulayam Singh & Co., Lucknow    
  10 Pocket Watches @ Rs 425 each 4,250  
  12 Gold Plated Watches @ Rs 2,500 each 30,000  
    34,250 34,250
  Total 70,130 70,130

 

Sale Book
Date Particular Detail Total
2018      
Sep. 4 Sahib Singh & Co., New Delhi    
  8 Alarm Timepieces @ Rs 175 each 1,400  
  Less: Trade Discount @10% 140  
    1,260 1,260
       
Sep. 7 Parkash Singh & Co., Chandigarh    
  12 Gold Plaited Wrist Watches@ Rs 2,500 each 30,000  
  8 Office clocks @ Rs 250 each 2,000  
    32,000  
  Tared Discount 15% 4,800  
    27,200 27,200
Sep. 12 Manmohan Singh & Co., Amritsar    
  12 Wrist Watches @ Rs 3,600 per dozen 3,600  
  18 Time Pieces @ Rs 1,200 per dozen 1,800  
    5,400  
  Tared Discount 10% 540  
    4,860 4,860
  Total 33,320 33,320

 

Purchase Book | Types | Examples | Subsidiary Books

Sales Book| Subsidiary Books | Examples

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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 

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

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 

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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