Accountancy Dk Goel 2019 for Class 11 Commerce Accountancy Chapter 6 - Books Of Original Entry Special Purpose Subsidiary Books

Question 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
June 5	Bought from Mohan Lal & Co., Kanpur (U.P) :-
	20 Godrej Chairs @ ₹ 2,000 each
	5 Godrej Tables @ ₹ 6,000 each
	Trade Discount 20%
10	Purchased from Bharat Bhushan & Sons, Varanasi (U.P) :-
	5 Almirahs @ ₹ 12,000 each
	2 Revolving Chairs @ ₹ 20,000 each
	Trade Discount 10%
14	Purchased from Surya Traders, Lucknow (U.P)
	80 Desks @ ₹ 2,500 each
	10 Sofa Sets @ ₹ 20,000 each
	Trade Discount @ 15%
20	Purchased for cash from Gopi Chand Haldi Ram, Delhi :-
	4 Tables @ ₹ 5,000 each
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.

Answer:

Purchases Book
Date	Particulars	Invoice No.	L.F.	Details	Cost	Input CGST	Input SGST	Total
June 05	Mohan Lal & Company, Kanpur
	20 Godrej Chairs @ ₹ 2,000 each			40,000
	5 Godrej Tables @ ₹ 6,000 each			30,000
				70,000
	Less: 20% T.D.			14,000
				56,000
	Add: CGST @ 6%			3,360
	Add: SGST @ 6%			3,360
				62,720	56,000	3,360	3,360	62,720

June 10	Bharat Bhushan & Sons, Varanasi
	5 Almirahs @ ₹ 12,000 each			60,000
	2 Revolving Chairs @ ₹ 20,000 each			40,000
				1,00,000
	Less: 10% T.D.			10,000
				90,000
	Add: CGST @ 6%			5,400
	Add: SGST @ 6%			5,400
				1,00,800	90,000	5,400	5,400	1,00,800
June 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: 15% T.D.			60,000
				3,40,000
	Add: CGST @ 6%			20,400
	Add: SGST @ 6%			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

Question 2:

M/s Ram Narain & Sons of Kerala, who are dealers in readymade garments, purchased the following :-

2017
May 2	Purchased from Fashion House, Mumbai (Maharashtra) :-
	100 Shirts @ ₹1,800 per Shirt
	75 T-shirts @ ₹ 1,600 per piece
	Less: Trade Discount 20%; and freight charges payable ₹ 10,000.
10	Purchased from Appolo Garments, Kerala :-
	65 Shirts @ ₹ 2,000 per piece
	80 T-shirts @ ₹ 1,500 per piece
	Less: 20% Trade Discount and freight charges payable ₹ 2,000.
May 15	Purchased from Garden Furniture House, Kolkata :-
	12 Chairs @ ₹ 5,000 per Chair
25	Purchased from Amitabh Shirts, New Delhi for cash :-
	120 Shirts @ ₹ 1,500 per Shirt

Prepare Purchase Book assuming CGST @ 9% and SGST @ 9%.

Answer:

Purchases Book of M/s Ram Narain & Sons, Kerala
Date	Particulars	Invoice No.	L.F.	Details (₹)	Purchase (₹)	Input CGST (₹)	Input SGST (₹)	Input IGST (₹)	Total Amount (₹)
2017
May 02	Fashion House, Mumbai (Maharashtra)
	100 Shirts @ Rs 1,800 per Shirt			1,80,000
	75 T-Shirts @ Rs 1,600 per piece			1,20,000
				3,00,000
	Less: 20% Trade Discount			60,000
				2,40,000
	Add: 18% IGST			43,200
				2,83,200	2,40,000	–	–	43,200	2,83,200
May 10	Appolo Garments, Kerala
	65 Shirts @ Rs 2,000 per piece			1,30,000
	80 T-Shirts @ Rs 1,500 per piece			1,20,000
				2,50,000
	Less: 20% Trade Discount			50,000
				2,00,000
	Add: 9% CGST			18,000
	9% SGST			18,000
				2,36,000	2,00,000	18,000	18,000	–	2,36,000
					4,40,000	18,000	18,000	43,200	5,19,200

Working Notes

(1) In Purchases Book, we record only the credit purchase of goods, so transaction dated May 15 (being purchase of Furniture on credit) and May 25 (being purchase of goods for cash) will not be recorded.

(2) A separate entry will be passed in Journal Proper for Freight Charges payable on May 02, 2017 and May 10, 2017. Assuming GST rate is 18%, follwing are the entries:

Journal Proper
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
2017
May 02	Freight Inwards A/c	Dr.		10,000
	Input IGST A/c	Dr.		1,800
	To Fashion House				11,800
	(Freight charges on inter-state purchase of goods @ 18% GST)

May 10	Freight Inwards A/c	Dr.		2,000
	Input CGST A/c	Dr.		180
	Input SGST A/c	Dr.		180
	To Appolo Garments				2,360
	(Freight charges on intra-state purchase of goods @ 9% GST)

Question 3:

Record the following transactions in the Sales Book of Ganesh & Co. of Jaipur (Rajasthan), who deal in Furniture. Assume CGST @ 6% and SGST @ 6% :-

2017
June 4	Sold to Gupta Furniture House, Agra (U.P.) :-
	120 Chairs @ ₹ 2,500 per Chair
	25 Tables @ ₹ 8,000 per Table
	Less: 5%
8	Sold to Raja Furniture House, Ahmedabad (Gujarat) :-
	8 Almirahs @ ₹ 15,000 each
	9 Steel Cabinets @ ₹ 20,000 each
	Less: Trade discount of 10%
12	Sold old Computer for ₹ 1,500 to Mohan & Co. on Credit.
20	Sold 4 Sofa sets @ ₹ 25,000 each to Varun & Co. for cash
25	Sold to New Furniture House, Jaipur:-
	5 Sofa sets @ ₹ 20,000 each
	10 Tables @ ₹ 8,000 each
28	Purchased from Ram Lal & Co. Jaipur on credit :-
	50 chairs @ ₹ 2,000 each

Answer:

Sales Book of Ganesh & Co. of Jaipur, (Rajasthan)
Date	Particulars	Invoice No.	L.F.	Details (₹)	Sale (₹)	Output CGST (₹)	Output SGST (₹)	Output IGST (₹)	Total Amount (₹)
2017
June 04	Gupta Furniture House, Agra (U.P.)
	120 Chairs @ Rs 2,500 per Chair			3,00,000
	25 Tables @ Rs 8,000 per Table			2,00,000
				5,00,000
	Less: 5% Trade Discount			25,000
				4,75,000
	Add: 12% IGST			57,000
				5,32,000	4,75,000	–	–	57,000	5,32,000
June 08	Raja Furniture House, Ahemadabad (Gujarat)
	8 Almirahs @ Rs 15,000 each			1,20,000
	9 Steel Cabinets @ Rs20,000 each			1,80,000
				3,00,000
	Less: 10% Trade Discount			30,000
				2,70,000
	Add: 12% IGST			32,400
				3,02,400	2,70,000	–	–	32,400	3,02,400
June 25	New Furniture House, Jaipur
	5 Sofa Sets @ Rs 20,000 each			1,00,000
	10 Tables @ Rs 8,000 each			80,000
				1,80,000
	Add: 6% CGST			10,800
	6% SGST			10,800
				2,01,600	1,80,000	10,800	10,800	–	2,01,600
June 30					9,25,000	10,800	10,800	89,400	10,36,000

Note: In Sales Book, we record only the credit sale of goods, so transaction dated June 12 (being Computer sold on credit) and June 20 (being Sofa Sets sold for cash) will not be recorded.

Question 4:

Record the following transactions in the Sales Book of M/s Ajanta Electronics, Ranchi (Jharkhand) assuming CGST @ 9% and SGST @ 9%:

2018
March 1	Sold to Vandna Electronics, Kolkata (West Bengal) Vide Invoice No. 1255 :
	50 Musical Alarm Clocks @ ₹ 800 each
	40 Wall Clocks @ ₹ 500 each
	Trade Discount 20%
10	Sold to Mohan Watch Company, Patna (Bihar) Vide Invoice No. 1256 :
	25 Deluxe Wall Clocks @ ₹ 800 each
	Trade Discount 10%
15	Sold to Superior Watch Company, Ranchi Vide Invoice No. 1257 :
	75 Deluxe Wall Clocks @ ₹ 800 each
	40 Super Deluxe Wall Clocks @ ₹ 1,000 each
	Trade Discount 15%
20	Sold to Modern Electronics, Ranchi Vide Cash Memo No. 5234 :
	100% Musical Alarm Clocks @ ₹ 800 each
	Trade Discount 20%

Answer:

Sales Book of M/s Ajanta Electronics, Ranchi (Jharkhand)
Date	Particulars	Invoice No.	LF	Details (₹)	Sale (₹)	Output CGST (₹)	Output SGST (₹)	Output IGST (₹)	Total
2018
Mar. 01	Vandna Electronics, Kolkata	1255
	50 Musical Alarm Clocks @ Rs 800 each			40,000
	40 Wall Clocks @ Rs 500 each			20,000
				60,000
	Less: 20% Trade Discount			12,000
				48,000
	Add: 18% IGST			8,640
				56,640	48,000	-	-	8,640	56,640

Mar. 10	Mohan Watch Company, Patna (Bihar)	1256
	25 Deluxe Wall Clocks @ Rs 800 each			20,000
	Less: 10% Trade Discount			2,000
				18,000
	Add: 18% IGST			3,240
				21,240	18,000	-	-	3,240	21,240

Mar. 15	Superior Watch Company, Ranchi	1257
	75 Deluxe Wall Clocks @ Rs 800 each			60,000
	40 Super Deluxe Wall Clocks @ Rs 1,000 each			40,000
				1,00,000
	Less: 20% Trade Discount			15,000
				85,000
	Add: 9% CGST			7,650
	9% SGST			7,650
				1,00,300	85,000	7,650	7,650	-	1,00,300
					1,51,000	7,650	7,650	11,880	1,78,180

Note: In Sales Book, we record only the credit sale of goods, so transaction dated March 20 (being sale of electronics for cash) will not be recorded.

Question 5:

Write up Return Outward Book of Malthotra & Co., Bhiwani (Haryana) from the following transactions assuming CGST @ 6% and SGST @ 6% : -

2017
August 4	Returned to Saraswati House, Bhiwani 25 Chairs @ ₹ 1,800 per Chair, being not of specified quality.
	Trade Discount 10%
12	Sent back one Dining Table to Navneet Enterprise, Karnal (Haryana) for not being polished @ ₹ 10,000 and 20 Chairs @ ₹ 2,000 each.
20	Returned to Yadav & Co., Patiala (Punjab), being not according to sample :-
	20 Chairs @ ₹ 1,500 each.
	2 Dressing Tables @ ₹ 7,500 each.
28	Allowance claimed from Navneet Enterprise, Ludhiana (Punjab) on account of mistake in the invoice ₹ 5,000.

Answer:

Purchases Return Book of Malhotra & Co., Bhiwani (Haryana)
Date	Particulars	Debit Note No.	L.F.	Details (₹)	Purchase Return (₹)	Input CGST (₹)	Input SGST (₹)	Input IGST (₹)	Total Amount (₹)
2017
Aug. 04	Saraswati House, Bhiwani
	25 Chairs @ Rs 1,800 per Chair			45,000
	Less: 10% Trade Discount			4,500
				40,500
	Add: 6% CGST			2,430
	6% SGST			2,430
				45,360	40,500	2,430	2,430	-	45,360

Aug. 12	Navneet Enterprise, Karnal (Haryana)
	1 Dining Table @ Rs10,000			10,000
	20 Chairs @ Rs 2,000 each			40,000
				50,000
	Add: 6% CGST			3,000
	6% SGST			3,000
				56,000	50,000	3,000	3,000	-	56,000

Aug. 20	Yadav & Co., Patiyala (Punjab)
	20 Chairs @ 1,500 each			30,000
	2 Dressing Tables @ 7,500 each			15,000
				45,000
	Add: 12% IGST			5,400
				50,400	45,000	-	-	5,400	50,400
Aug. 28	Navneet Enterprise, Ludhiyana (Punjab)
	Mistake in the Invoice			5,000
	Add: 12% IGST			600
				5,600	5,000	-	-	600	5,600
Aug. 31					1,40,500	5,430	5,430	6,000	1,57,360

Question 6:

Enter the following transactions in the Returns Inward Book of Anand Cloth House, Ajmal Khan Road, Mathura (U.P.) assuming CGST @ 2.5% and SGST @ 2.5% :-

October 3	Chakravarti & Co. Jaipur (Rajasthan), returned to us being not according to sample :-
	50 Metre Cotton Cloth @ ₹ 200 per Metre
	30 Metre Silk Cloth @ ₹ 500 per Metre
	Trade Discount 20%
12	Narain Rai & Co. Indore (M.P.), returned being not up to the approved sample :-
	25 Metre woollen cloth @ ₹ 400 per Metre
20	Goods sold to Janaki Das Sita Ram, Agra (U.P.) now returned by them, being defective valued at ₹ 8,000.
28	Allowance allowed to Kesari Lal & Sons, Sadar Bazar, Prayagraj (U.P.) on account of a mistake in the invoice ₹ 3,000.

Answer:

Returns Inward Book of Anand Cloth House, Ajmal Khan Road, Mathura (U.P.)
Date	Particulars	Credit Note No.	L.F.	Details (₹)	Sales Return (₹)	Output CGST (₹)	Output SGST (₹)	Output IGST (₹)	Total Amount (₹)
Oct. 03	Chakravarti & Co., Jaipur (Rajasthan)
	50 metre Cotton Cloth @ Rs 200 per metre			10,000
	30 metre Silk Cloth @ Rs 500 per metre			15,000
				25,000
	Less: 20% Trade Discount			5,000
				20,000
	Add: 5% IGST			1,000
				21,000	20,000	-	-	1,000	21,000

Oct. 12	Narain Rai & Co., Indore (MP)
	25 metre Woolen Cloth @ Rs 400 per metre			10,000
	Add: 5% IGST			500
				10,500	10,000	-	-	500	10,500

Oct. 20	Janaki Dass Sita Ram, Agra (U.P.)
	Defective Goods			8,000
	Add: 2.5% CGST			200
	2.5% SGST			200
				8,400	8,000	200	200	-	8,400

Oct. 28	Kesari Lal & Sons, Sadar Bazar, Prayagraj (U.P.)
	Mistake in the Invoice			3,000
	Add: 2.5% CGST			75
	2.5% SGST			75
				3,150	3,000	75	75	-	3,150
Oct. 31					41,000	275	275	1,500	43,050

Question 7:

Prepare Returns Inward and Returns Outward Books from the following in the books of Modern Shoes, Kolkata (West Bengal) assuming CGST @ 6% and SGST @ 6% :-

2018
January 3	Returned to Bata Shoe Co., Kolkata
	50 pairs of Chappals being not up to the approved sample @ ₹ 600 per pair
	Less: Trade Discount 20%
10	Guru Nanak & Co., Kolkata, returned to us :-
	10 pairs of Shoes, for being defective @ ₹ 1,200 per pair
	Less: Trade Discount 10%
15	Returned to Baluja Shoe Co., Kolkata
	20 pairs of ladies chappals @ ₹ 500 per pair
	Less: 15%
22	Partap Footwear Co., Patna (Bihar), returned to us :-
	50 pairs of Shoes @ ₹ 1,400 per pair
	Less: 5%
27	Manoj Shoe Co., Kolkata, returned to us :-
	20 pairs of Sandals @ ₹ 1,000 per pair
31	Returned to Liberty Shoe Co., Ranchi (Jharkhand) defective shoes worth ₹ 5,000.

Answer:

Returns Outward Book of Modern Shoes, Kolkata (West Bengal)
Date	Particulars	Debit Note No.	L.F.	Details (₹)	Purchases Return (₹)	Input CGST (₹)	Input SGST (₹)	Input IGST (₹)	Total Amount (₹)
2018
Jan. 03	Bata Shoe Co., Kolkata
	50 pairs of Chappals @ Rs 600 per pair			30,000
	Less: 20% Trade Discount			6,000
				24,000
	Add: 6% CGST			1,440
	6% SGST			1,440
				26,880	24,000	1,440	1,440	-	26,880

Jan. 15	Baluja Shoe Co., Kolkata
	20 pairs of Ladies Chappals @ Rs 500 per pair			10,000
	Less: 15% Trade Discount			1,500
				8,500
	Add: 6% CGST			510
	6% SGST			510
				9,520	8,500	510	510	-	9,520

Jan. 31	Liberty Shoe Co.,Ranchi (Jharkhand)
	Defective Shoes			5,000
	Add:12% IGST			600
				5,600	5,000	-	-	600	5,600
Jan. 31					37,500	1,950	1,950	600	42,000

Returns Inward Book of Modern Shoes, Kolkata (West Bengal)
Date	Particulars	Credit Note No.	L.F.	Details (₹)	Sales Return (₹)	Output CGST (₹)	Output SGST (₹)	Output IGST (₹)	Total Amount (₹)
2017
Jan. 10	Guru Nanak & Co., Kolkata
	10 pairs of Shoes @ Rs 1,200 per pair			12,000
	Less: 10% Trade Discount			1,200
				10,800
	Add: 6% CGST			648
	6% SGST			648
				12,096	10,800	648	648	-	12,096

Jan. 22	Partap Footwear Co., Patna (Bihar)
	50 pairs of Shoe @ Rs 1,400 per pair			70,000
	Less: 5% Trade Discount			3,500
				66,500
	Add:12% IGST			7,980
				74,480	66,500	-	-	7,980	74,480

Jan. 27	Manoj Shoe Co., Kolkata
	20 pairs of Sandals @ Rs 1,000 per pair			20,000
	Add: 6% CGST			1,200
	6% SGST			1,200
				22,400	20,000	1,200	1,200	-	22,400
Jan. 31					97,300	1,848	1,848	7,980	1,08,976

Question 8:

Enter the following transactions in the 'Journal Proper' of Karuna Stores :

March 1	Purchased furniture on credit from Kuber Furniture Store for ₹ 15,000.
March 5	Goods for ₹ 6,000 given away as charity.
March 12	Goods worth ₹ 8,000 and Cash ₹ 4,000 were stolen by an employee.
March 15	Arun who owed us ₹ 20,000 was declared insolvent and nothing was received from him.
March 18	Proprietor withdrew for his personal use cash ₹ 5,000 and goods worth ₹ 10,000.
March 31	Provide interest on capital of ₹ 5,00,000 at 6% p.a. for full year.
March 31	Out of the rent paid this year, ₹ 5,000 is related to the next year.
March 31	Salaries due to clerks ₹ 12,000.

Answer:

Journal Proper

Journal in the books of Sh. Karuna Sagar
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
Mar. 01	Furniture A/c	Dr.		15,000
	To Kuber Furniture Store				15,000
	(Furniture purchased on credit)

Mar. 05	Charity A/c	Dr.		6,000
	To Purchases A/c				6,000
	(Goods given as charity)

Mar. 12	Loss by Theft A/c	Dr.		8,000
	To Purchases A/c				8,000
	(Goods stolen)

Mar. 15	Bad Debts A/c	Dr.		20,000
	To Arun				20,000
	(Arun was declared insolvent)

Mar. 18	Drawings A/c	Dr.		15,000
	To Purchases A/c				10,000
	(Goods withdrawn for personal use)

Mar. 31	Interest on Capital A/c	Dr.		30,000
	To Capital A/c				30,000
	(Interest on capital allowed)

Mar. 31	Prepaid Rent A/c	Dr.		5,000
	To Rent A/c				5,000
	(Adjustment entry for prepaid rent)

Mar.31	Salary A/c	Dr.		12,000
	To Outstanding Salary A/c				12,000
	(Salary to clerks was outstanding)

Note: Cash transactions will not be recorded in Journal Proper.

Question 9:

Record the following transactions of Keshav Bros. in the proper books :

2017
Jan. 1	Assets : Cash in hand ₹ 8,500; Cash at Bank ₹ 1,40,000; Stock of goods ₹ 2,20,000; Due from Manohar Lal ₹ 30,000 and Deep Chand ₹ 24,000; Furniture and Equipment ₹ 3,00,000.
	Liabilities : Due to Sunil ₹ 15,000.
2	Withdrawn from bank ₹ 20,000.
4	Paid salaries ₹ 22,000.
6	Sold goods to Surya Narain :
	60 metres silk @ ₹ 150 per metre
	100 metres cotton @ ₹ 70 per metre
	Less : Trade Discount @ 12 $\frac{1}{2}$ %
8	Surya Narain returned 40 metres Cotton.
9	Received full payment from Manohar Lal by cheque, sent it to bank, Discount allowed 3%.
10	Purchased from Ganga Parshad :
	300 metres cotton @ ₹ 60 per metre
	500 metres silk @ ₹ 120 per metre
	Less : Trade Discount 10%.
12	Sold goods to Vinita for cash ₹ 16,000.
13	Accepted a bill for ₹ 25,000 for 30 days drawn by Ganga Parshad.
15	Gave cheque to Ganga Parshad for ₹ 45,000, discount allowed by him ₹ 200.
18	Paid to Sunil ₹ 14,850 after receiving discount of 1%.
20	Mr. Keshav Chand took away 5 metres silk costing ₹ 100 per metre for his personal use.
24	Paid rent by cheque ₹ 2,000.
25	Received from Surya Narain ₹ 11,000 in full settlement of his account.
27	Old newspapers sold for cash ₹ 400.
27	Paid for stationery and postage ₹ 500.
28	Sold 400 metres silk @ ₹ 160 per metre to Sh. Ganesh Chand.
31	Received cash ₹ 40,000 from Sh. Ganesh Chand and also received a B/R from him for the balance amount due from him for 2 months.

Answer:

Proper Subsidiary Books

Cash Book
Dr.
Date	Particulars	L.F.	Cash (Rs)	Bank (Rs)	Date	Particulars	L.F.	Cash (Rs)	Bank (Rs)
2017					2017
Jan. 01	Balance b/d		8,500	1,40,000	Jan. 02	Cash A/c	C	–	20,000
Jan. 02	Bank A/c	C	20,000	–	Jan. 04	Salaries A/c		22,000	–
Jan. 09	Manohar Lal (WN1)		–	29,100	Jan. 15	Ganga Parshad		–	45,000
Jan. 09	Sales A/c		16,000	–	Jan. 18	Sunil (WN2)		14,850	–
Jan. 25	Surya Narain (WN3)		11,000	–	Jan. 24	Rent A/c		–	2,000
Jan. 27	Sundry Income		400	–	Jan. 27	Stationery & Postage A/c		500	–
Jan. 31	Sh. Ganesh Chand		40,000	–	Jan. 31	Balance c/d		58,550	1,02,100


			95,900	1,69,100				95,900	1,69,100
Feb. 01	Balance b/d		58,550	1,02,100

WN1: Calculation of Discount Allowed to Manohar Lal

WN2: Calculation of Discount Received from Sunil

WN3: Calculation of Discount Allowed to Surya Narain

Purchases Book
Date	Particulars		L.F.	Details (Rs)	Amount (Rs)
2017
Jan. 10	Ganga Parshad
	300 metres Cotton @ 60 per metre			18,000
	500 metres Silk @ 120 per metre			60,000
				78,000
	Less: 10% Trade Discount			7,800	70,200

Jan. 31	Purchases A/c	Dr.			70,200

Sales Book
Date	Particulars		L.F.	Details (Rs)	Amount (Rs)
2017
Jan. 06	Surya Narain
	60 metres Silk @ Rs 150 per metre			9,000
	100 metres Cotton @ Rs 70 per metre			7,000
				16,000
	Less: 12.5% Trade Discount			2,000	14,000

Jan. 28	Sh. Ganesh Chand
	40 metres Silk @ Rs 160 per metre			64,000	64,000

Jan. 31	Sales A/c	Cr.			78,000

Sales Return Book
Date	Particulars		Debit Note No.	L.F.	Details (Rs)	Amount (Rs)
2017
Jan. 08	Surya Narain
	40 metres Cotton @ Rs 70 per metre				2,800
	Less: 12.5% Trade Discount				350	2,450

Jan. 31	Sales Return A/c	Dr.				2,450

Journal
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
2017
Jan. 01	Cash A/c	Dr.		8,500
	Bank A/c	Dr.		1,40,000
	Stock A/c	Dr.		2,20,000
	Manohar Lal	Dr.		30,000
	Deep Chand	Dr.		24,000
	Furniture & Equipment	Dr.		3,00,000
	To Sunil				15,000
	To Capital A/c				7,07,500
	(Opening balances brought forward)

Jan. 09	Discount Allowed A/c	Dr.		900
	To Manohar Lal				900
	(Discount allowed to Manohar Lal of 3%)

Jan. 13	Ganga Parshad	Dr.		25,000
	To Bills Payable A/c				25,000
	(Acceptance given to Ganga Parshad)

Jan. 15	Ganga Parshad	Dr.		200
	To Discount Received A/c				200
	(Discount received from Ganga Parshad of Rs 200)

Jan. 18	Sunil	Dr.		150
	To Discount Received A/c				150
	(Discount received from Sunil of 1%)

Jan. 20	Drawings A/c	Dr.		500
	To Purchases A/c				500
	(5 metres of silk costing Rs 100 each was taken for personal use)

Jan. 25	Discount Allowed A/c	Dr.		550
	To Surya Narain				550
	(Discount allowed to Surya Narain of Rs 550)

Jan. 31	Bills Receivable A/c	Dr.		24,000
	To Sh. Ganesh Chand				24,000
	(Acceptance received)
				7,73,800	7,73,800

Question 10:

Name the books of original entry where the following transactions will be recorded with reasons thereof:

(a)	Goods Purchased from Ram Lal ₹ 5,000 on credit.
(b)	Provision for doubtful debts created @ 5% on debtors with book value of ₹ 10,000.
(c)	Defective goods sold to Babita on credit worth ₹ 4,000 were returned by her.
(d)	Purchased furniture on credit from Mr. Ratan Singh for ₹ 15,000 for use in the business.

Answer:

Transactions	Books of Original Entry	Reason
Goods purchased from Ram Lal @ Rs 5,000 on credit	Purchases Book	Purchases book records only credit purchase of goods
Provision for doubtful debts created @ 5% on debtors with book value of Rs 10,000	Journal Proper	Provision for doubtful debts is recorded in journal proper
Defective goods sold to Babita on credit worth Rs 4,000 were returned by her	Sales Return Book	Goods returned by customer which were earlier sold on credit are recorded in Sales Return Book
Purchased furniture on credit from Mr. Ratan Singh for Rs 15,000 for use in the business	Journal Proper	Purchases book records only credit purchase of goods, so Furniture purchased on credit will be recorded in Journal Proper

Question 11:

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

2010
June 1	Purchased from Gagan Stationery Mart on credit
	(i) 70 dozens pencils @ ₹ 25 per dozen.
	(ii) 10 dozens registers @ ₹ 15 per register.
June 10	Purchased from Amrit Furniture
	2 Tables @ ₹ 1,500 per table.
June 15	Purchased 3 dozens ink pots @ ₹ 80 per dozen from Mehar Paper Co. and received cash discount of ₹ 50.
June 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%

Answer:

M/s Shiv Stationers

Purchases Book
Date	Particulars		L.F.	Details (Rs)	Amount (Rs)
2010
June 01	Gagan Stationery Mart
	70 dozen Pencils @ Rs 25 per dozen			1,750
	120* Registers @ Rs 15 per Register			1,800	3,550

June 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

June 30	Purchases A/c	Dr.			4,315

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

*Working Note:

Question 12:

From the following particulars prepare the Purchases Book of Rama Book Store:

Feb 1, 2017	Purchased from M/s Brown & Co. on credit.
	5 gross pencils @ ₹ 100 per gross.
	1 gross registers @ ₹ 200 per dozen.
	Less: 10% trade discount.
Feb 2, 2017	Purchased for cash from stationery Mart.
	10 gross exercise books @ ₹ 60 per dozen.
Feb 6, 2017	Purchased from The Paper Co.
	5 reams of white paper @ ₹ 100 per ream
	10 reams of brown paper @ ₹ 65 per ream
	Less: trade discount @ 10%

Answer:

Date	Particulars	Invoice No.	L.F.	Details	Total
Feb 01	M/s Brown & Co.
	5 Gross Pencils @ ₹ 100 per gross			500
	1 Gross Register @ ₹ 200 per dozen (12 × 200)			2,400
				2,900
	Less: 10% T.D.			290	2,610

Feb 06	The Paper Co.
	5 Reams of White Paper @ ₹ 100 per ream			500
	10 Reams of Brown Paper @ ₹ 65 per ream			650
				1,150
	Less: 10% T.D.			115	1,035
					3,645

Question 13:

Enter the following transactions in the Sales Book of M/s Sri Ram & Sons, Kolkata:−

2017
Jan 5	Sold to Ramesh Stationery House, Kolkata :−
	50 Dozen Pencils @ ₹ 20 per doz.
	20 Dozen Pens @ ₹ 5 per Pen
	Trade Discount 10%
8	Sold to Gupta Stationery Shop, Kanpur :−
	10 Dozen Note Books @ ₹ 60 per doz.
	15 Gross Rubbers @ ₹ 10 per doz.
20	Sold old newspapers for ₹ 150
24	Sold to Modern Stationery House, Lucknow for Cash :−
	25 Dozen Pencils @ ₹ 22 per doz.
28	Sold to Ali Mohammad & Sons, Allahabad :−
	10 Reams of Paper @ ₹ 80 per Ream
	Discount 15%
31	Sold old furniture to Kedar Nath & Co., Allahabad on credit ₹2,200

Answer:

M/s Sri Ram & Sons, Kolkata

Sales Book
Date	Particulars		L.F.	Details (Rs)	Amount (Rs)
2017
Jan. 05	Ramesh Stationery House, Kolkata
	50 Dozen Pencils @ Rs 20 per dozen			1,000
	240 Pens @ Rs 5 per pen			1,200
				2,200
	Less: 10% Trade Discount			220	1,980

Jan. 08	Gupta Stationery Shop, Kanpur
	10 Dozen Notebooks @ Rs 60 per dozen			600
	15 Gross* Rubbers @ Rs 10 per dozen			1,800	2,400

Jan. 28	Ali Mohammad & Sons, Allahabad
	10 Reams of Paper @ Rs 80 per Ream			800
	Less: 15% Trade Discount			120	680

	Sales A/c	Cr.			5,060

Note: Sales book records only the credit sale of goods, so transaction dated Jan 20 (being sale of newspapers), Jan. 24 (being cash sales) and June 31 (being credit sale of fixed asset) will not be recorded.

*1 Gross = 12 Dozen
15 Gross = 12

\times

15 = 180 Dozen

Question 14:

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

2016
June 7	Purchased from Arora & Co., Nai Sarak
	10 Chairs @ ₹ 200 each
	1 Table for ₹ 600
	Trade discount 10%
June 10	Sold to Sudha Furniture Co., Agra
	2 Almirahs @ ₹ 2,000 each
	Less : 15%
June 12	Sold to Meera Mart for cash
	10 Tables @ ₹ 1,000 each
June 15	Purchased from Hira Lal & Sons for cash
	15 Chairs @ ₹ 350 each
June 16	Purchased from Fateh Chand & Co., Delhi
	5 Chairs @ ₹ 180 each
June 25	Sold to Ravi Sharma, Delhi
	2 Dining Tables @ ₹ 6,000 each
	Less : 10%

Answer:

Purchases Book
Date	Particulars		L.F.	Details (Rs)	Amount (Rs)
2016
June 07	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

June 16	Fateh Chand & Co., Delhi
	5 Chairs @ Rs 180 each			900	900

June 30	Purchases A/c	Dr.			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.

Sales Book
Date	Particulars	L.F.	Details (Rs)	Amount (Rs)
2016
June 10	Sudha Furniture Co., Agra
	2 Almirahs @ Rs 2,000 each		4,000
	Less: 15% Trade Discount		600	3,400

June 25	Ravi Sharma, Delhi
	2 Dining Tables @ Rs 6,000 each		12,000
	Less: 10% Trade Discount		1,200	10,800

June 30	Sales A/c Cr.			14,200

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

Question 15:

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

2017
March 1	Sold to Chandra Light House :−
	50 Tubelights @ ₹ 60 each Less : 20%
	20 Heaters @ ₹120 each Less : 25%
5	Purchased from Charat Ram Electric Co. :−
	25 Table Fans @ ₹ 600 each
	20 Ceiling Fans @ ₹800 each
10	Chaudhary & Sons purchased from us :−
	80 Dozen Bulbs @ ₹ 90 per Dozen
12	Purchased from Ram Lal & Sons one Typewriter for ₹ 6,000 on credit, for office use.
16	Sri Ram & Sons sold to us :−
	10 Electric Irons @ ₹ 180 each less : 10%
20	Chandra Light House returned :−
	5 Tubelights sold on March 1.
22	Sold goods to Jai Bhagwan & Co. for cash ₹ 10,000.
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.

Answer:

Purchases Book
Date	Particulars		L.F.	Details (Rs)	Amount (Rs)
2017
Mar. 05	Charat Ram Electric Co.
	25 Table Fans @ Rs 600 each			15,000
	20 Ceiling Fans @ Rs 800 each			16,000	31,000

Mar. 16	Sri Ram & Sons
	10 Electric Fans @ Rs 180 each			1,800
	Less: 10% Trade Discount			180	1,620

Mar. 31	Purchases A/c	Dr.			32,620

Sales Book
Date	Particulars		L.F.	Details (Rs)	Amount (Rs)
2017
Mar. 01	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

Mar. 10	Chaudhry & Sons
	80 dozen Bulbs @ Rs 90 per dozen			7,200	7,200

	Sales A/c	Cr.			11,400

Purchases Return Book
Date	Particulars		Debit Note No.	L.F.	Details (Rs)	Amount (Rs)
2017
Mar. 25	Sri Ram & Sons
	2 Electric Irons @ Rs 180 each				360
	Less: 10% Trade Discount				36	324

Mar. 31	Purchases Return A/c	Cr.				324

Sales Return Book
Date	Particulars		Debit Note No.	L.F.	Details (Rs)	Amount (Rs)
2017
Mar. 20	Chandra Light House
	5 Tube Light @ Rs 60 each				300
	Less: 20% Trade Discount				60	240

Jan.31	Sales Return A/c	Dr.				240

Question 16:

Enter the following transactions of a dealer in electrical goods in the appropriate subsidiary books:

2017		(₹)
Jan. 1	Assets : Cash in hand ₹ 12,400; Stock ₹ 3,60,000; Debtors : Abhilash ₹ 20,000; Bhuwan ₹ 30,000, Charu ₹ 52,000; Furniture ₹ 2,25,000.
	Liabilities : Bank overdraft ₹ 38,000; Creditors : Dinesh ₹ 15,000; Eknath ₹ 25,000.
3	Purchased from Raghuraj & Sons :
	80 electric Kettles @ ₹ 300 each
	40 electric irons @ ₹ 420 each
	20% Trade Discount.
5	Withdrew from Bank	20,000
6	Acceptance received from Abhilash at one month for the amount due from him.
10	Purchased a computer from Gursharan Bros. on credit for office use	40,000
12	Returned 10 electric kettles to Raghuraj & Sons.
14	Paid Raghuraj & Sons by cheque the balance due to them.
15	Paid to Gursharan Bros. ₹ 30,000 in cash and the balance by a cheque.
16	Paid wages in cash	500
20	Purchased from Dinesh :
	10 Washing Machines @ ₹ 16,000 each
	4 Vacuum cleaners @ ₹ 6,000 each
	15% Trade Discount
22	Sold to Charu
	200 electric shavers @ ₹ 250 each
	400 toasters @ ₹ 150 each
	450 heaters @ ₹ 200 each
	10% Trade Discount
24	Received from Charu a cheque in full settlement of his account. The cheque is paid into bank.	2,30,000
25	Acceptance given to Dinesh for 30 days	1,50,000
25	Cheque issued to Dinesh in full settlement of his account	21,000
25	Sold for Cash 20 electric irons	9,000
27	Deposited into bank	5,000
30	Paid staff salaries by cheque	15,000
30	Bank charged incidental expenses ₹ 50 and charged interest ₹ 1,200.

Answer:

Cash Book
Dr.					Cr.
Date	Particulars	L.F.	Cash (Rs)	Bank (Rs)	Date	Particulars	L.F.	Cash (Rs)	Bank (Rs)
2017					2017
Jan. 01	Balance b/d		12,400	–	Jan. 01	Balance b/d		–	38,000
Jan. 05	Bank A/c	C	20,000	–	Jan. 05	Cash A/c	C	–	20,000
Jan. 24	Charu		–	2,30,000	Jan. 14	Raghuraj & Sons (32,640 – 2,400)		–	30,240
Jan. 25	Sales A/c		9,000	–	Jan. 15	Gursharan Bros.		30,000	10,000
Jan. 27	Cash A/c	C	–	5,000	Jan. 16	Wages A/c		500	–
					Jan. 25	Dinesh		–	21,000
					Jan. 27	Bank A/c	C	5,000	–
					Jan. 30	Salary A/c		–	15,000
					Jan. 30	Bank Charges A/c		–	50
					Jan. 30	Bank Interest A/c		–	1,200
					Jan. 31	Balance c/d		5,900	99,510
			41,400	2,35,000				41,400	2,35,000
Feb. 01	Balance b/d		5,900	99,510

Purchases Book
Date	Particulars		L.F.	Details (Rs)	Amount (Rs)
2017
Jan. 03	Raghuraj & Sons
	80 Electric Kettles @ Rs 300 each			24,000
	40 Electric Irons @ Rs 420 each			16,800
				40,800
	Less: 20% Trade Discount			8,160	32,640

Jan. 20	Dinesh
	10 Washing Machines @ Rs 16,000 each			1,60,000
	4 Vacuum Cleaners @ Rs 6,000 each			24,000
				1,84,000
	Less: 15% Trade Discount			27,600	1,56,400

Jan. 31	Purchases A/c	Dr.			1,89,040

Sales Book
Date	Particulars		L.F.	Details (Rs)	Amount (Rs)
2017
Jan. 22	Charu
	200 Electric Shavers @ Rs 250 each			50,000
	400 Toasters @ Rs 150 each			60,000
	450 Heaters @ Rs 200 each			90,000
				2,00,000
	Less: 10% Trade Discount			20,000	1,80,000

Jan. 31	Sales A/c	Cr.			1,80,000

Purchases Return Book
Date	Particulars		Debit Note No.	L.F.	Details (Rs)	Amount (Rs)
2017
Jan. 12	Raghuraj & Sons
	10 Electric Kettles @ Rs 300 each				3,000
	Less: 20% Trade Discount				600	2,400

Jan. 31	Purchases ReturnA/c	Dr.				2,400

Journal Proper
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
2017
Jan. 01	Cash A/c	Dr.		12,400
	Stock A/c	Dr.		3,60,000
	Abhilash	Dr.		20,000
	Bhuwan	Dr.		30,000
	Charu	Dr.		52,000
	Furniture	Dr.		2,25,000
	To Bank Overdraft A/c				38,000
	To Dinesh				15,000
	To Ekta				25,000
	To Capital A/c (balancing figure)				6,21,400
	(Balance of previous brought forward)

Jan. 06	Bills Receivable A/c	Dr.		20,000
	To Abhilash				20,000
	(Acceptance received for the amount due from him)

Jan. 10	Computer A/c	Dr.		40,000
	To Gurusharan Bros.				40,000
	(Computers purchased on credit)

Jan. 24	Discount Allowed A/c	Dr.		2,000
	To Charu				2,000
	(Discount of Rs 2,000 allowed to Charu)

Jan. 25	Dinesh	Dr.		1,50,000
	To Bills Payable A/c				1,50,000
	(Acceptance given)

Jan. 25	Dinesh	Dr.		400
	To Discount Received A/c				400
	(Discount of Rs 400 received on payment to Dinesh)
				9,11,800	9,11,800

Accountancy Dk Goel 2019 for Class 11 Commerce Accountancy Chapter 6 - Books Of Original Entry Special Purpose Subsidiary Books

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