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Question No 5 Chapter No 8- UNIMAX Class 11 – Solution

Question No 5 Chapter No 8 - UNIMAX Class 11 - Solution-min
Question No 5 Chapter No 8 - UNIMAX Class 11 - Solution-min

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Question No 5 Chapter No 8- UNIMAX Class 11 – Solution

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5. (with GST). From the following information on M/s. Divyam & Co., Delhi, prepare the purchases book for the month of February 2020:

Jan.1Purchases from M/s Rupa & Co., Kolkata on credit:
 5 gross pencils @1,200per gross
 2 dozen register # 500 per drozen
 Less: trade discount @ 10%
Jan.2Purchases for cash from the stationery mart
 10 dozen exercise books @ ₹ 300 per dozen
Jan.3Purchases computer printer for office use from M/s office goods Co. on credit for ₹ 20,000
Feb.4Purchases on credit from the Singh paper Co., Delhi
 8 reams of white paper @ ₹ 500 per ream
 10 reams of ruled paper @ ₹ 600 per ream
 Less: trade discount @ 10 %
Jan.5Purchases 80 flair pens @ ₹ 5 each from M/s Nagoke bros., Delhi on credit
 Note: CGST and SGST are levied @ 2.5% each and IGST is levir

The solution of Question No 5 Chapter No 8: –

Purchase Book 
DateInvoice no.Particulars
L. F.DETAILCOSTInput CGST Input SGSTInput IGSTAmount
2020         
Feb.1301Ms. Rupa & co. Kolkata       
  5 gross pencils @ 1,200 6,000     
  2 dozen registers @ ₹ 500 per dozen 1,000     
    7,000     
  Less: trade discount @ 10% 700     
    6,300     
  Add: IGST 5% 315     
    6,6156300  3156,615
Feb.4 The Singh paper Co., Delhi       
  8 reams white paper @ ₹ 500 each 4,000     
  10 reams ruled paper @ ₹ 600 each 6,000     
    10,000     
  Less: trade discount @ 10 % 1,000     
    9,000     
  Add: CGST @ 2.5% 225     
  Add: SGST @ 2.5% 225     
    9,4509,000225225 9,450
          
Feb.5 M/s Nagoke bros., Delhi       
  80 flair pens @ ₹ 5 each 400     
  Add: CGST 2.5 % 10     
  Add: CGST 2.5 % 10     
    4204001010 420
     15,70023523531516,485

Read out the full article to know the meaning of Purchase Book

Purchase Book | Types | Examples | Subsidiary Books

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Also, Check out the same article in Hindi from the following link

Purchase Book | Types | Examples | Subsidiary Books in Hindi

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

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

Students may choose only one part from the Part II and Part III

Part-II

  • Chapter No. 15 – Financial Statements (Without Adjustments)
  • Chapter No. 16 – Financial Statements (With Adjustments)
  • Chapter No. 17 – Accounts from Incomplete Records –  Single Entry System

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Part-III

  • Chapter No. 18 – Introduction to Computers and Accounting information System
  • Chapter No. 19 – Computerised Accounting
  • Chapter No. 20 – Accounting Software: Tally 
  • Chapter No. 21 – Data Base System
  • Chapter No. 22 – Concept of Entity and Relationship 

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