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Get complete step-by-step solutions for Unimax Accountancy Class 11 - 2023 - Chapter 8 Other Subsidiary Books - Unimax. Study double-entry system details, practice timed problems, and verify answers directly.
Question 1 Chapter 8 – of Class 11 Unimax Publications
1. M/s Ratan Sons, who are dealers in ready-made garments, purchase the following items, So prepare the purchases book.
| Aug.1 | Purchases from M/s Parkash Chand & Sons, Mumbai, invoice No. 301 |
| 100 shirts @ ₹ 37 per shirt | |
| 50 zee-shirt @ 15 per shirt. | |
| Aug.12 | Purchases from M/s A.N. Gupta and Sons on credit, Invoice No.325 |
| 5 chairs @ ₹20 per chair | |
| Aug.15 | Purchases from M/s Gyan prasad and sons on credit Invoice No. 402 |
| 20 bush shirts @ ₹35 per piece | |
| 75 tee shirts @ ₹ 10 per piece, trade discount 12 ½% | |
| Aug.25 | Purchases from M/s Raj Kumar & Sons for cash, Invoice No.101 |
| 25 shirts @ 9 per shirt |
Purchase Book
| Date | Invoice no. | Particulars | L. F. | Details | Amount |
|---|---|---|---|---|---|
| 2020 | |||||
| Aug.1 | 301 | M/s Parkash Chand & Sons, Mumbai | |||
| 100 shirts @ ₹ 37 per shirt | 3,700.00 | ||||
| 50 zee-shirts @ ₹ 15 per shirts | 750.00 | ||||
| 4,450.00 | |||||
| Less: Trade Discount | 0.00 | 4,450.00 | |||
| Aug.15 | 402 | M/s Gyan Prasad & Sons | |||
| 20 bush shirts @ 35 per piece | 700.00 | ||||
| 75 tee-shirts @ ₹ 10 per piece | 750.00 | ||||
| 1,450.00 | |||||
| Less: trade discount12 ½% | 181.25 | 1,268.75 | |||
| Aug.31 | Purchases A/c | 5,718.75 |
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.