Question No 8 Chapter No 11 – T.S. Grewal 11 Class

Posted by By Amanpreet Kaur 9 Min Read June 25, 2020
Question No.8 - Chapter No.11 - T.S. Grewal +1 Book 2019-Solution-min-min

Question No 8 Chapter No 11

Purchases and Sale Books

8. Prepare Purchases and Sale Books from the following transaction of Rahul, Bengaluru:

2018  
Jan.1 Bought from M/s Uma Dutt, Mumbai On credit 
  1,000 Registers @ Rs 80 each
  50 Reams paper 2 Rs 250 per ream 
  Less: Trade Discount 25 % 
  Add: IGST @ 5%
Jan.2 Sold to Shri Dayal, Bengaluru:
  250 Registers @ Rs 85 per each
  5 Reams paper @ Rs 300 per ream
  Charged CGST and SGST 2.5% each
Jan.8 Bought from BILT., Delhi:
  100 Reams Ruled Paper @ RS 600 per ream 
  Less: Trade Discount 15%
  Plus: IGST @ 5%
Jan.12 Sold to Gupta Bros., Delhi
  250 Registers @ Rs 85 each
  50 Reams of Paper @ Rs 700 Per ream
  Less: Trade Discount 5%, Charged IGST @ 5%
Jan.18 Sold to Ram Saran Das:
  20 Copies Double Entry Book Keeping @ Rs 85 each
Jan.25 Bought from Hari Ram, Delhi 
  1,000 Pens @ Rs 10 each
  Less: Trade Discount 15%
  Plus: IGST @ 5%
Jan.31 Sold to Rishi Kumar, Bengaluru:
  300 Registers @ Rs 90 each
  50 Reams Ruled Paper @ Rs 700 per ream
  20 Reams Paper @ Rs 300 per ream
  Trade Discount 10%, Charged CGST and SGST @ 2.5% each

The solution of Question No 8 Chapter No 11: – 

In the Books of  Rahul, Bengaluru:

  Purchases Book 
Date Particular Detail Cost
 Input CGST Input SGST  Input
ISGT 		 Total
2018
Jan		              
1 M/s Uma Dutta, Mumbai:            
  1,000 Registers @ Rs 80 each 80,000          
  50 Reams @ Rs 250 each 12,500          
    92,500          
  Trade Discount 25% 23,125          
    69,375          
  Add: IGST 3,469          
    72,844 29,375     3,469 72,844
8 BILT, Delhi            
  100 Reams Ruled Paper @ Rs 600 per ream 60,000          
    60,000          
  Less: Trade Discount @ 15% 9,000          
    51,000          
  Charged IGST 5% 2,550          
    53,550 51,000     2,550 53,550
25 Hari Ram, Delhi            
  1,000 pens @ Rs 10 each 10,000          
    10,000          
  Less: Trade Discount 15% 1,500          
    8,500         5,600
  Plus: IGST 5% 425          
    8,925 8,500     425 8,925
      1,28,875     6,444 1,35,319

 

  Purchases Book 
Date Particular Detail Cost
 Output CGST Output SGST  Output
ISGT 		 Total
2018
Jan		              
2 Shri Dayal, Bengaluru            
  250 Registers @ Rs 85 each 21,250          
  5 Reams Paper @ Rs 300 per ream 1,500          
    22,750          
  Plus: CGST 2.5% 569          
  Plus: SGST 2.5% 569          
    23,888 22,750 569 569   23,888
12 Gupta Bros., Delhi            
  250 Registers @ Rs 85 each 21,250          
  50 Reams ruled Paper @ Rs 700 per ream 35,000          
    56,250          
  Less: Trade Discount 5% 2,812          
    53,438          
  Add: IGST 5% 2,672          
    56,110 53,438     2,672 56,110
18 Ram Saran Das            
  20 Copies Double Entry Bookkeeping @ Rs 85 1,700 1,700       1,700
31 Rishi Kumar, Bengaluru:            
  300 registers @ Rs 90 each 27,000          
  50 reams Ruled paper @ Rs 700 per ream 35,000          
  20 Reams Paper @ Rs 300 per Ream 6,000          
    68,000          
  Less: Trade Discount @ 10% 6,800          
    61,200          
  Add: CGST 2.5% 1,530          
  Add: CGST 2.5% 1,530          
    64,260 61,200 1,530 1,530   64,260
      1,39,088 2,099 2,099 2,672 1,45,958

 

To understand more about cash book please check out following links: –

Purchase Book | Types | Examples | Subsidiary Books

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

Check out T.S. Grewal +1 Book 2019 @ Official Website of Sultan Chand Publication

T.S. Grewal's Double Entry Book Keeping

T.S. Grewal’s Double Entry Book Keeping

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