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Enter the following transactions in the Purchases Book of Rushabh A.C. Ltd.:

2016

 

Sept 1

Purchased goods from Laxmidhar and Sons on credit vide Invoice No. 547

 

25 Videocon air conditioner @ 19,500 each, paid VAT @10%

 

17 Hitachi air conditioner @16,700 each, paid VAT @10%

 

Trade Discount 10%

 

 

Sept 9

Purchased goods from Banerjee andCo. on credit vide Invoice No. 212

 

30 Samsung air conditioner @22,000 each, paid VAT @10%

 

14 Daikin air conditioner @13,900 each, paid VAT @10%

 

Trade Discount @10% and freight charges Rs. 520

 

 

Sept 14

Purchased goods from M/s Radheshyam for cash vide Cash Memo No. 164

 

6 Hair air conditioner @16,490 each, VAT paid 10%

 

 

Sept 26

Purchased LG fridge @ Rs.9,500 from Vidhyadhar on credit for office use.

 

 

Sept 28

Purchased goods on credit from M/s Savarkar vide Invoice No. 873

 

30 Blue Star air conditioner @Rs.32,500 each, paid VAT @10%

 

28 Whirlpool air conditioner @ Rs. 29,650 each, paid VAT @10%

 

Freight Expenses Rs.2,400

 

 

Asked by Topperlearning User 11th July 2016, 4:49 PM
Answered by Expert
Answer:

In the Books of Rushabh A.C. Ltd

PURCHASES BOOK

Date

Particulars

L.F.

Invoice No.

Details

Rs. 

Cost

Rs. 

VAT

Rs. 

Freight Charges

Rs. 

Total

Rs. 

2016

 

 

 

 

 

 

 

 

Sept 1

Laxmidhar and Sons 

 

547

 

 

 

 

 

 

25 Videocon air conditioner @ 19,000 each

 

 

4,75,000

 

 

 

 

 

15 Hitachi air conditioner @16,700 each

 

 

2,50,500

 

 

 

 

 

 

 

 

7,25,500

 

 

 

 

 

Less: Trade Discount @10%

 

 

72,550

 

 

 

 

 

 

 

 

6,52,950

 

 

 

 

 

Add: VAT @ 10%

 

 

65,295

 

 

 

 

 

 

 

 

7,18,245

6,52,950

65,295

-

7,18,245

Sept 9

Banerjee andCo.

 

212

 

 

 

 

 

 

30 Samsung air conditioner @22,000 each

 

 

 6,60,000

 

 

 

 

 

14 Daikin air conditioner @13,000 each

 

 

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