Question No 12 Chapter No 8 – D.K Goal 11 Class

Question No 12 Chapter No 8

12. Prepare Sales book and Purchases book of M/s Deendayal from the following transactions:−

2018
Jun.7	Purchased from Arora & Co., Nai Sarak
	10 Chairs @ 200 each
	1 Table for 600
	Trade Discount 10%
Jun.10	Sold to Sudha Furniture Co., Agra
	2 Almirahs @ 2,000 each
	Less : 15%
Jun.12	Sold to Meera Mart for cash
	10 Tables @ 1,000 each
Jun.15	Purchased from Hira Lal & Sons for cash
	15 Chairs @ 350 each
Jun.16	Purchased from Fateh Chand & Co., Delhi
	5 Chairs @ 180 each
Jun.25	Sold to Ravi Sharma, Delhi
	2 Dining Tables @ 6,000 each
	Less : 10%

The solution of Question No 12 Chapter No 8: –

Purchases Book
Date	Particular	Detail	Total
2018 Jan.
7	Arora & Co., Nai Sarak
	10 Chairs @ Rs 200 each	2,000
	1 Table @ Rs 600	600
		2,600
	Less: 10% Trade Discount	260
		2,340	2,340
16	Fateh Chand & Co., Delhi
	5 Chairs @ Rs 180 each	900
		900	900
			3,240

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

Sale Book
Date	Particular	Detail	Total
2018 Jan.
10	Sudha Furniture Co., Agra
	2 Almirahs @ Rs 2,000 each	2,000
	Less: 15% Trade Discount	600
		3,400	3,400
25	Ravi Sharma, Delhi
	2 Dining Tables @ Rs 6,000 each	12,000
	Less: 10% Trade Discount	1,200
		10,800	10,800
			14,200

Note: Sales book records only the credit sales of goods, so transaction dated June 12 being cash sales
will not be recorded.

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

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.