Question No 10 Chapter No 8 – D.K Goal 11 Class

Question No 10 Chapter No 8

10. Prepare the purchase book of M/s Shiv Stationers from the following:

2018
Jun.1	Purchased from Gagan Stationery Mart on credit
	(i) 70 dozens pencils @ 25 per dozen
	(ii) 10 dozens registers @ 15 per register
Jun.10	Purchased from Amrit Furniture
	2 Tables @ 1,500 per table.
Jun.15	Purchased 3 dozens ink pots @ 80 per dozen from Mehar Paper Co. and received a cash discount of 50
Jun.18	Purchased from Rehman Bros. on credit
	(i) 5 reams of white paper @ 50 per ream
	(ii) 120 pens @ 60 per dozen
	Less trade discount of 10%

The solution of Question No 10 Chapter No 8: –

Returns Outward Book of Modern Shoes, Kolkata West Bengal
Date	Particular	Detail	Total
2018 Jan.
01	Gagan Stationery Mart
	70 dozen Pencils @ Rs 25 per dozen	1,750
	120* Registers @ Rs 15 per Register	1,800
		4,315	4,315
18	Rehman Bros
	5 reams of White Paper @ Rs 50 per ream	250
	10 Dozen** @ 60 per dozen	600
		850
	Less: 10% Trade Discount	85
		765	765
			4,315

Note: Purchases book records only the credit purchase of goods, so transaction dated June 10 being the purchase of furniture and June 15 being the purchase of goods for cash will not be recorded

Working Note:-

1 Dozen contains a quantity of 12

So, 120 Pens will be	=	120
		12
	=	10 Dozen

 

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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)

Check out the Accountancy Class +1 by D.K. Goal (Arya Publication) from their official Site.