Question No 01 Chapter No 8
Purchase Book
1. Prepare a Purchase Book in the books of M/s Modern Furniture House, Lucknow U.P from the following transactions assuming CGST @ 6% and SGST @ 6% :-
| 2017 | |
| Jun.5 | Bought from Mohan Lal & Co., Kanpur U.P:- |
| 20 Godrej Chairs @ 2,000 each | |
| 5 Godrej Tables @ 6,000 each | |
| Trade Discount 20% | |
| Jun.10 | Purchased from Bharat Bhushan & Sons, Varanasi U.P:- |
| 5 Almirahs @ 12,000 each | |
| 2 Revolving Chairs @ 20,000 each | |
| Trade Discount 10% | |
| Jun.14 | Purchased from Surya Traders, Lucknow U.P |
| 80 Desks @ 2,500 each | |
| 10 Sofa Sets @ 20,000 each | |
| Trade Discount @ 15% | |
| Jun.20 | Purchased for cash from Gopi Chand Haldi Ram, Delhi:- |
| 4 Tables @ 5,000 each | |
| Jun.25 | Bought Furniture for office use from New Furniture House, Faridabad on Credit : |
| 5 Chairs @ 2,500 per Chair | |
| 2 Tables @ 5,000 per Table. |
The solution of Question No 01 Chapter No 8: –
| Purchases Book | |||||||
| Date | Particular | Detail | Cost |
Input CGST | Input SGST | Input ISGT |
Total |
| 2018 Jun |
|||||||
| 5 | Mohan Lal & Company, Kanpur |
||||||
| 20 Godrej Chairs @ 2,000 each | 40,000 | ||||||
| 5 Godrej Tables @ 6,000 each | 30,000 | ||||||
| 70,000 | |||||||
| Less: Trade Discount @ 20 % | 14,000 | ||||||
| 56,000 | |||||||
| Add: CGST 6% | 3,360 | ||||||
| Add: CGST 6% | 480 | ||||||
| 62,720 | 56,000 | 3,360 | 3,360 | 62,720 | |||
| 10 | Bharat Bhushan & Sons, Varanasi | ||||||
| 5 Almirahs @ 12,000 each | 60,000 | ||||||
| 2 Revolving Chairs @ 20,000 each | 40,000 | ||||||
| 1,00,000 | |||||||
| Less: Trade Discount @10% | 10,000 | ||||||
| 90,000 | |||||||
| Add: CGST | 5,400 | ||||||
| Add: SGST | 5,400 | ||||||
| 1,00,800 | 90,000 | 5,400 | 5,400 | 1,00,800 | |||
| 14 | Surya Traders, Lucknow | ||||||
| 80 Desks @ 2,500 each | 2,00,000 | ||||||
| 10 Sofa Sets @ 20,000 each | 2,00,000 | ||||||
| 4,00,000 | |||||||
| Less: Trade Discount @15% | 60,000 | ||||||
| 3,40,000 | |||||||
| Add: CGST | 20,400 | ||||||
| Add: SGST | 20,400 | ||||||
| 3,80,800 | 3,40,000 | 20,400 | 20,400 | 3,80,800 | |||
| 4,86,000 | 29,160 | 29,160 | 5,44,320 | ||||
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D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution
- Chapter 1 Evolution of Accounting & Basic Accounting Terms
- Chapter 2 Accounting Equations
- Chapter 3 Meaning and Objectives of Accounting
- Chapter 4 Double Entry System
- Chapter 5 Books of Original Entry – Journal
- Chapter 6 Accounting for Goods and Service Tax (GST) (Coming soon)
- Chapter 7 Books of Original Entry – Cash Book (Coming soon)
- Chapter 8 Books of Original Entry – Special Purpose Subsidiary Books (Coming soon)
- Chapter 9 Ledger (Coming soon)
- Chapter 10 Trial Balance and Errors (Coming soon)
- Chapter 11 Bank Reconciliation Statement (Coming soon)
- Chapter 12 Depreciation (Coming soon)
- Chapter 13 Bills of Exchange (Coming soon)
- Chapter 14 Generally Accepted Accounting Principles(GAAP)
- Chapter 15 Bases of Accounting
- Chapter 16 Accounting Standards and International Financial Reporting Standard(IFRS) (Coming soon)
- Chapter 17 Capital and Revenue
- Chapter 18 Provisions and Reserves
- Chapter 19 Final Accounts (Coming soon)
- Chapter 20 Final Accounts – With Adjustments (Coming soon)
- Chapter 21 Errors and their Rectification (Coming soon)
- Chapter 22 Accounts from Incomplete Records – Single Entry System (Coming soon)
- Chapter 23 Accounts of Not-for-Profit Organisations (Coming soon)
- Chapter 24 Computerised Accounting System (Coming soon)
- Chapter 25 Introduction to Accounting Information System (Coming soon)
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