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Page No 12.29:

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

 

 

 

 

 

 

 

 

 



Page No 12.30:

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)        
         
 

Page No 12.30:

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, New Delhi :-
  120 Chairs @ ₹ 2,500 per Chair
  25 Table @ ₹ 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, New Delhi                
 
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.



Page No 12.31:

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.

Page No 12.31:

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
                   

Page No 12.31:

Question 6:

Enter the following transactions in the Returns Inward Book of Anand Cloth House, Ajmal Khan Road, New Delhi 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, New Delhi now returned by them, being defective valued  at ₹ 8,000.
28 Allowance allowed to Kesari Lal & Sons, Sadar Bazar, New Delhi on account of a mistake in the invoice ₹ 3,000.

Answer:

 

Returns Inward Book of Anand Cloth House, Ajmal Khan Road, New Delhi        
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, New Delhi                
  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, New Delhi                
  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
                   



Page No 12.32:

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
                   

Page No 12.32:

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 12.33:

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 @ 1212%
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