Advertisement

Question No 23 Chapter No 9 – USHA Publication 11 Class

Question No 23 Chapter No 9
Q-23 - CH-9 - USHA +1 Book 2020 - Solution

Advertisement

Question No 23 Chapter No 9

Advertisement

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

2017 
Jul.1Purchased from Reliance Trading goods Rs 10,000 less 10% trade discount and 5% cash discount terms
Jul.3Invoice goods worth Rs 3,000 to Mr Kotecha on credit 
Jul.5A & Co., delivered goods worth Rs 2,000 net after deducting 1% trade discount he paid them half the amount in cash immediately
Jul.7Placed order for goods Rs 9,000 to Bombay cloth stores
Jul.9Sent debit note to Reliance Textiles for Rs 100, for goods returned to them 
Jul.11Purchased goods worth Rs 1,200 from binny cloth stores, the same were delivered to C. Mehta & Co., for Rs 1,300
Jul.13Received debit note from Mr Kotecha for Rs 150 for goods returned by him

The solution of Question No 23 Chapter No 9: –

Purchases Book
DateParticularDetailTotal
2017   
Jul. 1Reliance Trading10,000 
 Less- Trade discount 10%1,000 
  9,0009,000
    
Jul. 5A & Co.,1,010.10 
 Trade discount 15%10.10 
  1,0001,000
Jul. 6Binny Cloth stores1,2001,200
 Total 11,200

 

Sale Book
DateParticularDetailTotal
2017   
Jul. 3Kotecha3,000 
  3,0003,000
    
Jul. 6C. Mehta1,300 
  1,3001,300
 Total 4,300

Advertisement-X

 

Purchases Return Book
DateParticularDetailTotal
2017   
Jul. 9Reliance Textiles100 
   100
 Total 100

 

Sale Return Book
DateParticularDetailTotal
2017   
Jul. 13Kotecha150 
 Total 150

 

 

Purchase Book | Types | Examples | Subsidiary Books

 

Advertisement-X

Sales Book – Subsidiary Books – Examples

 

Purchase Return Book | Subsidiary Books | Examples

 

Sales Return Book | Subsidiary Books | Examples

Thanks, Please Like and share with your friends  

Advertisement-X

Advertisement-Y

Comment if you have any question.

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

Advertisement-X

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

Advertisement-X

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

Advertisement-X

Chapter No. 16 – Rectification of Errors 

Chapter No. 17 – Financial Statements – (Without Adjustments)

Chapter No. 18 – Financial Statements – (With Adjustments)

Advertisement

Advertisement

error: Content is protected !!