Question No 25 Chapter No 9 – USHA Publication 11 Class

Question No 25 Chapter No 9

Purchases, Sale, Purchases Return and Sale Return book

25. Record the following transactions in purchases book, sale book, and return book of Gurpreet Singh gain merchant

2019
Feb.1	Purchased wheat from Lajwanti Devi, Hoshiarpur
	on cash Rs 2,000
	on credit Rs 3,000
	less trade discount 10%
Feb.2	He purchased 50 quintals of rice from Sindhi Co-op, stores Patna at Rs 200 per quintal, and sold to Surat Singh of Surat at Rs 225 per quintal
Feb.10	Surat Singh returned 10quintals of rice and issued a debit note
Feb.12	He returned 10 quintals of rice to Sindhi Co-op. stores and received a credit note for the amount
Feb.13	He purchased furniture worth Rs 100 from Tejwari Furniture Mart.
Feb.15	He sold to Surinder & Co., Bathinda rice worth Rs 2,000 at a 10% trade discount. Surinder & Co., Bathinda issued a cheque for half the amount on the spot

The solution of Question No 25 Chapter No 9: –

Purchases Book
Date	Particular	Detail	Total
2019
Feb. 1	Lalwani	3,000
	Less- Trade discount 10%	300
		2,700	2,700
Feb. 3	Sindhi Co-op stores	10,000
			10,000
	Total		12,700

 

Sale Book
Date	Particular	Detail	Total
2019
Feb. 2	Ajani
	50 QTLs. Of rice @ Rs 225	11,250
		11,250	11,250
Feb. 6	Adwani & co.,	1,000
	Less: Trade discount	100
		900	900
	Total		12,150

 

Purchases Return Book
Date	Particular	Detail	Total
2019
Feb. 10	Ajwani
	10 QTLs, of rice @ Rs 225	2,250
	Total		2,250

 

Sale Return Book
Date	Particular	Detail	Total
2019
Feb. 12	Sindhi co-op stores
	10 QTLs, of rice @ Rs 200	2,000
	Total		2,000

 

Purchase Book | Types | Examples | Subsidiary Books

 

Sales Book| Subsidiary Books | Examples

 

Purchase Return Book | Subsidiary Books | Examples

 

Sales Return Book | Subsidiary Books | Examples

You can check all the above article in Hindi from the following link: 

• https://tutorstips.in/final-accounts/
• https://tutorstips.in/trading-account/
• https://tutorstips.in/profit-and-loss-account/
• https://tutorstips.in/balance-sheet/

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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. 1 – Introduction
• Chapter No. 2 – Theory Base of Accounting 
• Chapter No. 3 – Origin of Transactions
• 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
• 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
• Chapter No. 16 – Rectification of Errors 
• Chapter No. 17 – Financial Statements – (Without Adjustments)
• Chapter No. 18 – Financial Statements – (With Adjustments)