M. S. Brothers carry on business as cloth dealers. From the following, write up their purchases book for
January 2013 :
2013
Jan. 3 Purchased on credit from Ambika Mills : (invoice no. 1225)
100 metres long cloth @ Rs. 30 per meter
50 meter shirting @ Rs. 50 per meter
Jan. 8 Purchased for cash from Arbind Mills : (invoice no. 1445)
50 meter Muslin @ Rs. 40 per meter
Jan. 15 Purchased on credit from India Textiles Ltd. (invoice no. 1668)
120 meter Suiting @ Rs. 100 per meter
100 meter Shirting @ Rs. 60 per meter
Jan. 20 Purchased laser printer on credit from
Bharat Computer Ltd. for Rs. 12,800
Dear Student,
Note:
Jan 08 (not recorded): Cash Purchases
Jan 20 (not recorded): Purchase of Asset (not goods)
| Purchases Book | |||||
| Date | Particulars | Invoice No. | L.F. | Details | Total |
| Jan 03 | Ambika Mills | 1225 | |||
| 100 metres long cloth @ Rs 30 per metre | 3,000 | ||||
| 50 metre shirting @ Rs 50 per metre | 2,500 | 5,500 | |||
| Jan 15 | India Textiles Limited | 1668 | |||
| 120 metre suiting @ Rs 100 per metre | 12,000 | ||||
| 100 metre shirting @ Rs 60 per metre | 6,000 | 18,000 | |||
| 23,500 | |||||
Note:
Jan 08 (not recorded): Cash Purchases
Jan 20 (not recorded): Purchase of Asset (not goods)