Question No 13 Chapter No 8 – D.K Goal 11 Class

Question No 13 Chapter No 8

13. Following transactions were recorded in the books of Darshan Traders:−

2018
Mar.1	Sold to Chandra Light House :−
	50 Tube lights @ 60 each Less : 20%
	20 Heaters @ 120 each Less : 25%
Mar.5	Purchased from Charat Ram Electric Co. :−
	25 Table Fans @ 600 each
	20 Ceiling Fans @ 800 each
Mar.10	Chaudhary & Sons purchased from us :−
	80 Dozen Bulbs @ 90 per Dozen
Mar.12	Purchased from Ram Lal & Sons one Typewriter for 6,000 on credit, for office use.
Mar.16	Sri Ram & Sons sold to us :−
	10 Electric Irons @ 180 each less : 10%
Mar.20	Chandra Light House returned :−
	5 Tube lights sold on March 1.
Mar.22	Sold goods to Jai Bhagwan & Co. for cash 10,000
Mar.25	Returned to Sri Ram & Sons 2 Electric Irons purchased on March 16.

You are required to prepare (i) Purchase Book; (ii) Sales Book; (iii) Purchase Return Book, and (iv) Sales Return Book.

The solution of Question No 13 Chapter No 8: –

Purchases Book
Date	Particular	Detail	Total
2018 Mar.
5	Charat Ram Electric Co
	25 Table Fans @ Rs 600 each	15,000
	20 Ceiling Fans @ Rs 800 each	16,000
		31,000	31,000
16	Sri Ram & Sons
	10 Electric Fans @ Rs 180 each	1,800
	Less: 10% Trade Discount	180
		1,620	1,620
			32,620

 

Sale Book
Date	Particular	Detail	Total
2018 Mar.
1	Chandra Light House
	50 Tube Light @ Rs 60 each	3,000
	Less: 20% Trade Discount	600	2,400
	20 Heaters @ Rs 120 each	2,400
	Less: 25% Trade Discount	600	1,800
10	Chaudhry & Sons
	80 dozen Bulbs @ Rs 90 per dozen	7,200
		7,200	7,200
			11,400

 

Purchases Return Book
Date	Particular	Detail	Total
2018 Mar.
25	Sri Ram & Sons
	2 Electric Irons @ Rs 180 each	360
	Less: 10% Trade Discount	36
		324	324
			324

 

Sale Return Book
Date	Particular	Detail	Total
2018 Mar.
20	Chandra Light House
	5 Tube Light @ Rs 60 each	300
	Less: 20% Trade Discount	60
		240	240
			240

 

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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.