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CBSE Class 11-commerce Answered

Enter the following transactions in the purchases book and sales book of Mr. Raj. 2015     Feb 1 Purchased from Mr. Sam on credit:   60 Dinner set @ Rs. 5,250 per set   90 Tea set @ Rs.1,750 per set   Less: Trade discount @10%     Feb 6 Sold to Mr. Otter on credit:   45 Spoon set @ Rs.1,000 per set   50 Dinner set @ Rs.6,500 per set   Less: Trade discount @10%     Feb 7 Credit Purchase from Mr Taj:   130 Cooker set @ Rs.2,850 per set   270 Tea set @ Rs.1,750 per set   Less: Trade discount @15%     Feb 13 Purchased from Mr. Jack for cash:   470 Spoon set @Rs.650 per set   190 Dinner set @ Rs.5,600 per set   Less: Trade discount @15%     Feb 15 Sold to Mr. Bali on credit:   80 cooker set@ Rs.3,200 per set   400 Tea set @ Rs.2,300 per set   Less: Trade discount @5%     Feb 27 Sold to Mr. Andrew for cash:   225 Spoon set @Rs. 1,000 per set   80 Dinner set @ Rs.6,300 per set   Less: Trade discount @10%    
Asked by Topperlearning User | 11 Jul, 2016, 04:49: PM
answered-by-expert Expert Answer

In the Books of Mr. Raj

Purchases Book

Date

Particulars

L.F.

Details

Rs. 

Amount

Rs. 

2015

 

 

 

 

Feb 1

Mr. Sam

 

 

 

 

60 Dinner set @ Rs. 5,250 per set

 

3,15,000

 

 

90 Tea set @ Rs.1,750 per set

 

1,57,500

 

 

 

 

4,72,500

 

 

Less: Trade Discount @10%

 

47,250

4,25,250

Feb 7 

Mr. Taj 

 

 

 

 

130 Cooker set @ Rs.2,850 per set

 

3,70,500

 

 

270 Tea set @ Rs.1,750 per set

 

4,72,500

 

 

 

 

8,43,000

 

 

Less: Trade Discount @ 15%

 

1,26,450

7,16,550

Feb 28 

Purchases A/c Dr.

 

 

11,41,800

 

Sales Book

Date

Particulars

L.F.

Details

Rs. 

Amount

Rs. 

2015

 

 

 

 

Feb 6

Mr. Otter 

 

 

 

 

45 Spoon set @ Rs.1000 per set

 

45,000

 

 

50 Dinner set @ Rs.6500 per set

 

3,25,000

 

 

 

 

3,70,000

 

 

Less: Trade discount @10%

 

37,000

3,33,000

 

Sales as per Invoice No. ____ dated_________

 

 

 

Feb 15

Mr. Bali 

 

 

Answered by | 11 Jul, 2016, 06:49: PM

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