Question No 25 Chapter No 9 – USHA Publication 11 Class

Shubham Sharma
Question No 25 Chapter No 9

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
2018      
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
2018      
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
2018      
Feb. 10 Ajwani    
  10 QTLs, of rice @ Rs 225 2,250  
       
  Total   2,250

 

Sale Return Book
Date Particular Detail Total
2018      
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

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

Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution

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