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Page No 11.23:

Question 1:

Question

Answer:

Purchases Book
Date Particulars L.F. Details (Rs) Amount (Rs)
2011        
June 05 Mohan Lal & Co., Agra      
 
 20 Quintal Sugar @ Rs 1,200 per Quintal
  24,000  
 
 40 Quintal Rice @ Rs 1,500 per Quintal
  60,000  
      84,000  
 
Less: 15% Trade Discount
  12,600 71,400
         
June 10 Bharat Bhushan & Sons, Mathura      
 
320 Kg* Desi Ghee @ Rs 120 per kg
  38,400  
 
1,000 litre Kerosene Oil @ Rs 6 per litre
  6,000  
 
 
  44,400  
 
Less: 10% Trade Discount
  4,440 39,960
 
 
     
June 14 Anil Kumar Sunil Kumar, Delhi      
 
Wheat 30 Quintal @ Rs 500 per Quintal
  15,000  
 
Gram 20 Quintal @ Rs 1,200 per Quintal
  24,000  
 
Rice 10 Quintal @ Rs 1,400 per Quintal
  14,000 53,000
         
June 30 Purchases A/c Dr.     1,64,360
         

Note: In Purchases Book, we record only the credit purchase of goods, so transaction dated June 20 (being cash purchase of goods) and June 25 (being credit purchase of Fixed Asset) will not be recorded.

*Working Note:

Page No 11.23:

Question 2:

Question

Answer:

Purchases Book
Date Particulars Gross Amount (Rs) Trade  Discount (Rs) Cost
(Rs)
VAT (Rs) Freight (Rs)   Total
2008              
May 02 Fashion House, Chennai            
 
200 Shirts @ Rs 80 per Shirt
16,000 3,200 12,800 1,536   14,336
 
225 T-Shirts @ Rs 40 per Shirt
9,000 1,800 7,200 864 120 8,184
               
May 10 Appolo Garments, Mumbai            
 
150 Bush-Shirts @ Rs 60 per piece
9,000 1,350 7,650 918    
 
180 T-Shirts @ Rs 50 per piece
9,000 1,350 7,650 918 100 8,668
               
        35,300 4,236 220 39,756
               

Note: 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.

Page No 11.23:

Question 3:

Question

Answer:

Sales Book
Date Particulars L.F. Details (Rs) Amount (Rs)
2011        
June 04 Gupta Furniture House, New Delhi      
 
120 Chairs @ Rs 200 per Chair
  24,000  
 
20 Tables @ Rs 800 per Table
  16,000  
      40,000  
 
Less: 5% Trade Discount
  2,000 38,000
         
June 08 Raja Furniture House, New Delhi      
 
5 Almirahs @ Rs 2,500 each
  12,500  
 
10 Steel Cabinets @ Rs 6,000 each
  60,000  
      72,500  
 
Less: 10% Trade Discount
  7,250 65,250
         
June 25 New Furniture House      
 
5 Sofa Sets @ Rs 3,200 each
  16,000  
 
10 Tables @ Rs 900 each
  9,000 25,000
         
June 30 Sales A/c Cr.     1,28,250
         

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



Page No 11.24:

Question 4:

Question

Answer:

Purchases Book
Date Particulars Invoice No. Gross Amount (Rs) Trade  Discount (Rs) Cost (Rs) VAT (Rs) Freight (Rs)   Total
2008                
Mar. 01 Vandna Electronics 1255            
 
50 Musical Alarm Clocks @ Rs 300 each
  15,000 3,000 12,000 1,200   13,200
 
30 Wall Clocks @ Rs 200 each
  6,000 1,200 4,800 480 5,280
                 
Mar. 10 Mohan Watch Company 1256            
 
20 Deluxe Wall Clocks @ Rs 250 each
  5,000 500 4,500 450 4,950
                 
Mar. 15 Superior Watch Company 1257            
 
80 Deluxe Wall Clocks @ Rs 250 each
  20,000 3,000 17,000 1,700   18,700
 
40 Super Deluxe Wall Clocks @ Rs 300 each
  12,000 1,800 10,200 1,020 200 11,420
                 
          48,500 4,850 200 53,550
                 

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.

Page No 11.24:

Question 5:

Question

Answer:

Purchases Return Book
 

Purchases Return Book
Date Particulars Debit
Note
No.
L.F. Details (Rs) Amount (Rs)
2011          
Aug. 04 Saraswati House        
 
25 Chairs @ Rs 180 per Chair
    4,500  
 
Less: 10% Trade Discount
    450 4,050
           
Aug. 12 Navneet Enterprise, Karnal        
 
1 Dining Table @ Rs 800 each
    800  
 
20 Chairs @ Rs 190 each
    3,800 4,600
           
Aug. 20 Yadav & Co., Rewari        
 
20 Chair @ 200 each
    4,000  
 
2 Dressing Tables @ 1,500 each
    3,000 7,000
           
Aug. 28 Navneet Enterprise, Karnal        
 
Mistake in the Invoice
    620 620
           
Aug. 31 Purchases ReturnA/c Cr.       16,270
           



Page No 11.25:

Question 6:

Question

Answer:

Sales Return Book
 

Sales Return Book
Date Particulars Credit Note No. L.F. Details (Rs) Amount (Rs)
Oct. 03 Chakravarti & Co., Jaipur        
 
50 metre Cotton Cloth @ Rs 40 per metre
    2,000  
 
30 metre Silk Cloth @ Rs 100 per metre
    3,000  
 
 
    5,000  
 
Less: 20% Trade Discount
    1,000 4,000
           
Oct. 12 Narain Rai & Co., Indore        
 
25 metre Woolen Cloth @ Rs 80 per metre
    2,000 2,000
           
Oct. 20 Janaki Dass Sita Ram        
 
Defective Goods
    1,560 1,560
           
Oct. 28 Kesari Lal & Sons, Sadar Bazar        
 
Mistake in the Invoice
    440 440
           
Oct. 31 Sales Return A/c         Dr.       8,000
           

Page No 11.25:

Question 7:

Question

Answer:

Purchases Return and Sales Return Books
 

Purchases Return Book
Date Particulars Debit  Note No. L.F. Details (Rs) Amount (Rs)
2012          
Jan. 03 Bata Shoe Co.        
 
50 pairs of Chappals @ Rs 42 per pair
    2,100  
 
Less: 20% Trade Discount
    420 1,680
           
Jan. 15 Baluja Shoe Co.        
 
20 pairs of Ladies Chappals @ Rs 36 per pair
    720  
 
Less: 15% Trade Discount
    108 612
           
Jan. 31 Liberty Shoe Co.        
 
Defective Shoes
    1,200 1,200
           
Jan. 31 Purchases Return A/c               Cr.       3,492
           
 
Sales Return Book
Date Particulars Credit Note No. L.F. Details (Rs) Amount (Rs)
2012          
Jan. 10 Guru Nanak & Co., Fatehpuri        
 
10 pairs of Shoes  @ Rs 120 per pair
    1,200  
 
Less: 10% Trade Discount
    120 1,080
           
Jan. 22 Partap Footwear Co., Gandhi Nagar        
 
50 pairs of Shoe  @ Rs 150 per pair
    7,500  
 
Less: 5% Trade Discount
    375 7,125
           
Jan. 27 Manoj Shoe Co., Model Town        
 
20 pairs of Sandals @ Rs 85 per pair
    1,700 1,700
           
Jan. 31 Sales Return A/c                Dr.       9,905
           



Page No 11.26:

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.

Page No 11.26:

Question 9:

Question

Answer:

Proper Subsidiary Books
 

Cash Book
Dr.   Cr.
Date Particulars L.F. Cash (Rs) Bank (Rs) Discount  (Rs) Date Particulars L.F. Cash (Rs) Bank (Rs) Discount  (Rs)
2015           2015          
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)   29,100 900 Jan. 15 Ganga Parshad   45,000 200
Jan. 09 Sales A/c   16,000 Jan. 18 Sunil (WN2)   14,850 150
Jan. 25 Surya Narain (WN3)   11,000 550 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 1,450       95,900 1,69,100 350
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)
2015        
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)
2015        
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)
2015          
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)
2015          
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. 13 Ganga Parshad Dr.   25,000  
 
To Bills Payable A/c
      25,000
  (Acceptance given to Ganga Parshad)        
           
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. 31 Bills Receivable A/c Dr.   24,000  
 
To Sh. Ganesh Chand
      24,000
  (Acceptance received)        
        7,72,000 7,72,000
         



Page No 11.27:

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

Page No 11.27:

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:





Page No 11.28:

Question 12:

Question

Answer:

M/s Sri Ram & Sons, Kolkata
 

Sales Book
Date Particulars L.F. Details (Rs) Amount (Rs)
2012        
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 × 15 = 180 Dozen

Page No 11.28:

Question 13:

Question

Answer:

Purchases Book
Date Particulars L.F. Details (Rs) Amount (Rs)
2006        
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)
2006        
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.

Page No 11.28:

Question 14:

Question

Answer:

Purchases Book
Date Particulars L.F. Details (Rs) Amount (Rs)
2012        
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)
2012        
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)
2012          
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)
2012          
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
           



Page No 11.29:

Question 15:

Question

Answer:

Cash Book
Dr. Cr.
Date Particulars L.F. Cash (Rs) Bank (Rs) Discount  (Rs) Date Particulars L.F. Cash (Rs) Bank (Rs) Discount  (Rs)
2015           2015          
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 2,000 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   21,000 400
            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 2,000       41,400 2,35,000 400
Feb. 01 Balance b/d   5,900 99,510            
                       
 
Purchases Book
Date Particulars L.F. Details (Rs) Amount (Rs)
2015        
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)
2015        
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)
2015          
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)
2015          
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. 25 Dinesh Dr.   1,50,000  
 
To Bills Payable A/c
      1,50,000
  (Acceptance given)        
        9,09,400 9,09,400
         



Page No 11.30:

Question 16:

Question

Answer:

Cash Book
Dr.   Cr.
Date Particulars L.F. Cash (Rs) Bank (Rs) Discount  (Rs) Date Particulars L.F. Cash (Rs) Bank (Rs) Discount  (Rs)
2015           2015          
Jan. 01 Balance b/d   8,000 58,000 Jan. 04 Cash A/c C 40,000
Jan. 04 Bank A/c C 40,000 Jan. 05 Purchases A/c (WN1)   24,700
Jan. 16 Z   1,20,000 Jan. 08 B   9,800 200
Jan. 17 Y   29,400 600 Jan. 10 A   50,000
Jan. 20 Z   23,000 2,000 Jan. 23 Drawings A/c   6,000
Jan. 22 Asif Ali (WN2)   71,687 1,463 Jan. 25 Sundry Expenses A/c   320
Jan. 30 Interest A/c   270   Salary A/c   6,000
              Rent A/c   3,000
            Jan. 25 Balance c/d   7,980 2,02,557
                       
      48,000 3,02,357 4,063       48,000 3,02,357 200
Feb. 01 Balance b/d   7,980 2,02,557            
                       

WN1: Calculation of Amount of Purchases
 
 

WN2: Calculation of Discount Allowed to Asif
 
 
Purchases Book
Date Particulars