Question No 23 Chapter No 9 – USHA Publication 11 Class

Question No 23 Chapter No 9

Question No 23 Chapter No 9

Purchases, Sale, Purchases Return and Sale Return book

23.From the following transaction of Vijay Sethi, a cloth merchant, prepare the purchases book, sale book and return the book

2018  
Jul.1 Purchased from Reliance Trading goods Rs 10,000 less 10% trade discount and 5% cash discount terms
Jul.3 Invoice goods worth Rs 3,000 to Mr Kotecha on credit 
Jul.5 A & Co., delivered goods worth Rs 2,000 net after deducting 1% trade discount he paid them half the amount in cash immediately
Jul.7 Placed order for goods Rs 9,000 to Bombay cloth stores
Jul.9 Sent debit note to Reliance Textiles for Rs 100, for goods returned to them 
Jul.11 Purchased goods worth Rs 1,200 from binny cloth stores, the same were delivered to C. Mehta & Co., for Rs 1,300
Jul.13 Received debit note from Mr Kotecha for Rs 150 for goods returned by him

 

The solution of Question No 23 Chapter No 9: –

 

Purchases Book
Date Particular Detail Total
2018      
Jul. 1 Reliance Trading 10,000  
  Less- Trade discount 10% 1,000  
    9,000 9,000
       
Jul. 5 A & Co., 1,010.10  
  Trade discount 15% 10.10  
    1,000 1,000
Jul. 6 Binny Cloth stores 1,200 1,200
  Total   11,200

 

Sale Book
Date Particular Detail Total
2018      
Jul. 3 Kotecha 3,000  
    3,000 3,000
       
Jul. 6 C. Mehta 1,300  
    1,300 1,300
  Total   4,300

 

Purchases Return Book
Date Particular Detail Total
2018      
Jul. 9 Reliance Textiles 100  
      100
  Total   100

 

Sale Return Book
Date Particular Detail Total
2018      
Jul. 13 Kotecha 150  
  Total   150

 

 

Purchase Book | Types | Examples | Subsidiary Books

 

Sales Book| Subsidiary Books | Examples

 

Purchase Return Book | Subsidiary Books | Examples

 

Sales Return Book | Subsidiary Books | Examples

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

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Vouchers and transactions

Chapter No. 4 – Journal

Chapter No. 5 – Ledger

Chapter No. 6 – Cash Book

Chapter No. 7 – Other Subsidiary Books

Chapter No. 8 – Journal Proper

Chapter No. 9 – Trial Balance 

Chapter No. 10 – Bank Reconciliation Statement

Chapter No. 11 – Depreciation

Chapter No. 12 – Provisions and Reserves 

Chapter No. 13 – Bills of Exchange

Chapter No. 14 – Rectification of Errors 

Chapter No. 15 – Financial Statements – (Without Adjustments)

Chapter No. 16 – Financial Statements – (With Adjustments)

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