Please wait...
Contact Us
Contact
Need assistance? Contact us on below numbers

For Enquiry

10:00 AM to 7:00 PM IST all days.

Business Inquiry (North)

Business Inquiry (West / East / South)

OR

or

Thanks, You will receive a call shortly.
Customer Support

You are very important to us

For any content/service related issues please contact on this number

022-62211530

Mon to Sat - 10 AM to 7 PM

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 11th July 2016, 4:49 PM
Answered by 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 Expert 11th July 2016, 6:49 PM

Rate this answer
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10

You have rated this answer /10

Your answer has been posted successfully!