Question No 15 Chapter No 8

Question No 15 Chapter No 8

15. From the following transaction of the month January 2018 prepare necessary subsidiary books of Gopal Thakur & Co., a furniture dealer.

2018 
Jan.1Assets : Cash in hand 8,000; cash at bank 58,000; dur from x 18,000 Y 30,000, Z 40,000; stock 2,10,000; office equipment 70,000
 Liabilities : A 20,000 and B 25,000
Jan.3Purchased from A:
 200 chairs @ 180 each
 50 Tables @ 600 each
 Less: Discount 10%
Jan.4Withdrew from Bank 40,000
Jan.5Purchased for cash from Daryaganj Furniture House, Delhi
 2 Almirahs @ 4,000 each
 3 steel cabinets @ 6,000 each
Jan.7Accepted a bill drawn by B for  15,000 at a month
Jan.8Settled the account of B by issuing a cheque of cheque
Jan.10Paid to A by cheque Rs 50,000
Jan.12Acceptance given to A for the balance due to him at 45 days
Jan.13Purchased a sofa set for office use for 20,000 from Modern Furniture Co. on credit
 Jan.15Sold to Z
 100 chairs @ 250 each
 80 Tables @ 1,000 each
Jan.16Received a cheque from Z for 1,20,000. the cheque is immediately sent to the bank 
Jan.17Y Settled his account through a cheque, after deducting 2% cash discount
Jan.18Sold to Asif Ali:
 150 chairs @ 300 each 
 5 steel cabinets @ 8,000 each
 Less: Discount 5%
Jan.20Received a cheque from Z for 23,000 in full settlement of his account
Jan.21Asif Ali returned 1 steel cabinet 
Jan.22Asif Ali Settled his account by cheque after deducting 2% cash discount
Jan.23Proprietor withdrew cash 6,000 for personal use
Jan.25Paid for newspapers 320, Salaries 6,000 and rent 3,000
Jan.28Received from X a bill of exchange for Rs 10,000 for 30 days
Jan.30Interest allowed by bank 270

The solution of Question No 15 Chapter No 8: –

Dr.Cash BookCr.
DateParticulars
L.
F.
Discount
Allowed
CashBankDateParticulars
L.
F.
Discount ReceivedCashBank
2020     2020     
Jan.1To Balance b/d 8,00058,000Jan.04By Cash A/c 40,000
Jan.4To Bank A/c 40,000Jan.5By Furniture A/c 24,700
Jan.16To Z A/c 1,20,000Jan.8By B A/c 2009,800
Jan. 17To Y A/c 60029,400Jan.10By A A/c 50,000
Jan.20To Z A/c 2,00023,000Jan.23By Drawing A/c  6,000
Jan.22To Asif Ali A/c 1,46371,687Jan.25By Stationary A/c 320
      Jan.25By Salaries A/c 6,000
      Jan.25By Rent A/c  3,000
      Jan.30By Bank Interest A/c   270
            
Jun.30To Balance c/d 4,063 Jun.30By Balance C/d 400
7,9801,34,930
   4,06348,0003,02,087   40048,0003,02,087

 

Purchases Book
DateParticularDetailTotal
2018
Jan.
   
3A  
 200 chairs @ 180 each36,000 
 50 Table @600 each30,000 
 Less: 10% Trade Discount6,600 
  59,40059,400
   59,400

 

Sale Book
DateParticularDetailTotal
2018
Jan.
   
15Z  
 100 chairs @ 250 each25,000 
 80 steel cabinets @ 1,000 each80,000 
  1,05,0001,05,000
18Asif Ali  
 150 chairs @ 300 each45,000 
 5 steel cabinets @ 8,000 each40,000 
 Less: 5% Trade Discount4,250 
  80,75080,750
   1,85,750

 

Sale Return Book
DateParticularDetailTotal
2018
Jan.
   
21Asif Ali  
 1 steel cabinets @ 8,000 each8,000 
 Less: 5% Discount400 
  7,6007,600
   7,600

 

Purchase Return Book | Subsidiary Books | Examples

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

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ISC Accounts 11 20 Image min 197x300 - Question No 15 Chapter No 8 - D.K Goal 11 Class
D K Goel accountancy +1 – ISC_Accounts_11_20_Image

 

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