Following transactions are of M/s Rakesh Kumar and Sons for the month of April, 2015. Prepare their Purchase Book: 

 

Apr. 5 

Purchase on credit from M/s Raj Mills:

 

100 pieces long cloth @ Rs.80

 

50 pieces shirting @ Rs.100

Apr. 8 

Purchased for cash form M/s Ambika Mills:

 

50 pieces muslin @ Rs.120

Apr. 15 

Purchased on credit from M/s Sagar Mills:

 

20 pieces coating @ Rs.1,000

 

10 pieces shirting @ Rs.90

Apr. 20 

Purchased on credit from M/s Bharat Typewriters Ltd.:

 

5 Typewriters @ Rs.1,400 each

 

Asked by Topperlearning User | 4th Jul, 2016, 08:16: AM

Expert Answer:

 Purchases Book

Date

Particulars

 

L.F.

Details

Rs. 

Amount Rs. 

2015

 

 

 

 

 

Apr. 3

M/s Raj Mills:

 

 

 

 

 

100 pieces long cloth @Rs.80

 

 

8,000

 

 

50 pieces shirting @Rs.100

 

 

5,000

13,000

Apr. 20

M/s Sagar Mills:

 

 

 

 

 

20 pieces coating @Rs.1,000

 

 

20,000

 

 

10 pieces shirting @ Rs.90 

 

 

900

20,900

Apr. 30

Purchases A/c 

 Dr.

 

 

33,900

 

Purchases for cash are recorded in the cash book and the purchase of a typewriter is not recorded in the purchases book since the firm does not trade in it.

Answered by  | 4th Jul, 2016, 10:16: AM