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Question No 24 Chapter No 9
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Purchases, Sale, Purchases Return and Sale Return book
24. Record the following transaction in the proper subsidiary books of N.K.Bros:
| 2018 | |
| Aug.1 | Bought of Anil Bros. wroth Rs 1,800 net after deducting 10% trade discount |
| Aug.2 | Sold goods worth Rs 2,000 on credit to Akhil |
| Aug.3 | Purchased goods from Ajay worth Rs 2,000 and delivered the same to Ranjit at double the cost |
| Aug.8 | Anil Bro. have agreed to allow Rs 50 as allowances for goods returned to them |
| Aug.12 | Purchased furniture for office use on credit from Jitendra Rs 1,000 |
| Aug.15 | Received debit note for Rs 100 from Akhil for goods returned by him |
| Aug.19 | Purchased goods from an auction Rs 1,000 |
| Aug.21 | Furniture purchased from Jitendra was not according to the order and is, therefore, returned to him Rs 1,000 |
The solution of Question No 24 Chapter No 9: –
| Purchases Book | |||
| Date | Particular | Detail | Total |
| 2018 | |||
| Aug. 1 | Anil Bros. | 2,000 | |
| Less- Trade discount 10% | 200 | ||
| 1,800 | 1,800 | ||
| Aug. 3 | Ajay | 2,000 | |
| 2,000 | |||
| Total | 3,800 | ||
| Sale Book | |||
| Date | Particular | Detail | Total |
| 2018 | |||
| Aug. 2 | Akhil | 2,000 | |
| 2,000 | 2,000 | ||
| Aug. 6 | Ranjit | 4,000 | |
| 4,000 | 4,000 | ||
| Total | 6,000 | ||
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| Purchases Return Book | |||
| Date | Particular | Detail | Total |
| 2018 | |||
| Aug. 9 | Anil Bros | 50 | |
| 50 | |||
| Total | 50 | ||
| Sale Return Book | |||
| Date | Particular | Detail | Total |
| 2018 | |||
| Aug.15 | Akhil | 100 | |
| Total | 100 | ||
Purchase Book | Types | Examples | Subsidiary Books
Sales Book – Subsidiary Books – Examples
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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: –
Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution
Chapter No. 2 – Theory Base of Accounting
Chapter No. 3 – Origin of Transactions
Chapter No. 4 – Vouchers and transactions
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Chapter No. 6 – Accounting for Goods and Services Tax(GST)
Chapter No. 9 – Other Subsidiary Books
Chapter No. 10 – Journal Proper
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Chapter No. 11 – Trial Balance
Chapter No. 12 – Bank Reconciliation Statement
Chapter No. 14 – Provisions and Reserves
Chapter No. 15 – Bills of Exchange
Chapter No. 16 – Rectification of Errors
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Chapter No. 17 – Financial Statements – (Without Adjustments)