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Question No 25 Chapter No 9
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Table of Contents
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 | ||
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| 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
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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)