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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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.
