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11th | Special Purpose Books II- Other Books | Question No. 1 and 2 | Ts Grewal Solution 2022-2023

Question 1:


Record the following transactions in the Purchases Book of Krishna General Stores, Delhi:  

 

 

 

2022

 

May 1

Bought from M/s. Chunni Lal Mam Raj, Delhi:

 

100 bags of ITC Wheat Atta @ ` 530 per bag

 

50 bags of Rice Basmati @ ` 500 per bag

 

Less: Trade Discount @ 10%

 

 

May 3

Bought from M/s. Kanodia Oil Mills, Delhi:

 

40 tins Oil @ ` 1,500 per tin

 

20 tins Banaspati Oil @ ` 900 per tin

 

Less: Trade Discount @ 5%

 

 

May 4

Purchased from M/s. Gupta Bros., Hapur:

 

25 bags gram @ ` 480 per bag

 

40 bags oats @ ` 25 per bag

 

Less: Trade Discount @ 5%

 

 

Answer:


Date

Particulars

Invoice No.

L.F.

Details

Total

2022

 

 

 

 

 

May 01

M/s Chunni Lal Mam Raj, Delhi

 

 

 

           

 

 

100 bags of ITC Wheat Atta @ ` 530 per bag

 

 

53,000

 

 

50 bags of Rice Basmati @ ` 500 per bag

 

 

25,000

 

 

 

 

 

78,000

 

 

Less: 10% T.D.

 

 

7,800

 

 

 

 

 

70,200

 70,200

 

 

 

 

 

 

 

 

 

 

May 03

M/s Kanodia Oil Mills, Delhi

 

 

 

 

 

40 tins Oil @ ` 1,500 per tin

 

 

60,000

 

 

20 tins Banaspati Oil @ ` 900 per tin

 

 

18,000

 

 

 

 

 

78,000

 

 

Less: 5% T.D.

 

 

3,900

 

 

 

 

 

74,100

 

 

 

 

 

 

74,100

May 03

M/s Gupta Bros., Hapur

 

 

 

 

 

25 bags gram @ ` 480 per bag

 

 

12,000

 

 

40 bags Oats @ ` 25 per bag

 

 

1,000

 

 

 

 

 

13,000

 

 

Less: 5% T.D.

 

 

650

 

 

 

 

 

12,350

 

 

 

 

 

 

12,350

 

 

 

 

 

1,56,650

 

 

 

 

 

 

Question 2:


Verma Bros. Kolkata carry on business as wholesale cloth dealer. From the following, write up their Purchases Book for January, 2022:
 

Jan. 3

Purchased from M/s. Birla Mills, Kolkata:

 

100 pieces long cloth @ ` 800 each

 

50 pieces shirting @ ` 500 each

 

Jan. 8

Purchased for cash from M/s. Ambika Mills, Ahmedabad:

 

50 pieces muslin @ ` 1,000 each

 

Jan. 15

Purchased from M/s. Arvind Mills, Ahmedabad:

 

20 pieces coating @ ` 2,000 each

 

10 pieces shirting @ ` 500 each

 

Jan. 20

Purchased from M/s. Bharat Computer Ltd. Kolkata:

 

5 printer @ ` 4,400 each

 


Show the posting from Purchases Book to Ledger accounts also.

Answer:


Date

Particulars

Invoice No.

L.F.

Details

Total

2022

 

 

 

 

 

Jan 03

M/s Birla Mills, Kolkata

 

 

 

 

 

100 pieces long cloth @ ` 800 each

 

 

80,000

 

 

50 pieces shirting @ ` 500 each

 

 

25,000

 

 

 

 

 

1,05,000

1,05,000

Jan 15

M/s Arvind Mills, Ahmedabad

 

 

 

 

 

20 pieces coating @ `2,000 each

 

 

40,000

 

 

10 pieces shirting @ `500 each

 

 

5,000

 

 

 

 

 

45,000

45,000

Jan 31

 

 

 

 

1,50,000

 

 

 

 

 

 

 

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