Question No 12 Chapter No 8

Question No 12 Chapter No 8

12. Prepare Sales book and Purchases book of M/s Deendayal from the following transactions:−

2018 
Jun.7Purchased from Arora & Co., Nai Sarak
 10 Chairs @ 200 each
 1 Table for 600
 Trade Discount 10%
Jun.10Sold to Sudha Furniture Co., Agra
 2 Almirahs @ 2,000 each
 Less : 15%
Jun.12Sold to Meera Mart for cash
 10 Tables @ 1,000 each
Jun.15Purchased from Hira Lal & Sons for cash
 15 Chairs @ 350 each
Jun.16Purchased from Fateh Chand & Co., Delhi 
 5 Chairs @ 180 each
Jun.25Sold to Ravi Sharma, Delhi
 2 Dining Tables @ 6,000 each
 Less : 10%

The solution of Question No 12 Chapter No 8: –

Purchases Book
DateParticularDetailTotal
2018
Jan.
   
7Arora & Co., Nai Sarak  
 10 Chairs @ Rs 200 each2,000 
 1 Table @ Rs 600600 
  2,600 
 Less: 10% Trade Discount260 
  2,3402,340
16Fateh Chand & Co., Delhi  
 5 Chairs @ Rs 180 each900 
  900900
   3,240

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

Sale Book
DateParticularDetailTotal
2018
Jan.
   
10Sudha Furniture Co., Agra  
 2 Almirahs @ Rs 2,000 each2,000 
 Less: 15% Trade Discount600 
  3,4003,400
25Ravi Sharma, Delhi  
 2 Dining Tables @ Rs 6,000 each12,000 
 Less: 10% Trade Discount1,200 
  10,80010,800
   14,200

Note: Sales book records only the credit sales of goods, so transaction dated June 12 being cash sales
will not be recorded.

Purchase Return Book | Subsidiary Books | Examples

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

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