CBSE Class 11-commerce Answered
In the Books of Ramanand Cloth Merchant
PURCHASES BOOK
Date |
Particulars |
L.F. |
Details Rs. |
Amount Rs. |
2016 |
|
|
|
|
June 1 |
Ambika Mills |
|
|
|
|
10 meter linen fabric |
|
5,600 |
|
|
18 meter chiffon fabric |
|
10,800 |
|
|
|
|
16,400 |
|
|
Less: Trade Discount @10% |
|
1,640 |
14,760 |
June 9 |
Swadeshi Mills |
|
|
|
|
24 meter polyster shirt fabric |
|
13,920 |
|
|
19 meter satin fabric |
|
12,540 |
|
|
|
|
26,460 |
|
|
Less: Trade Discount @10% |
|
2,646 |
23,814 |
June 25 |
Shriram Mills |
|
|
|
|
17 meter printed fabric |
|
5,355 |
|
|
6 meter dyed fabric |
|
1,170 |
6,525 |
June 30 |
Purchase A/c Dr. |
|
|
45,099 |
Working Notes:
i. Cash purchases made on 6th June will be recorded in cash book as it is cash transaction and is not credit.
ii. Purchases of computer are not recorded in the purchases book as it is not goods which the firm trade in. It is an asset for the firm and not goods (stock).