1. Record the following transactions in the Purchases Book of Subhash General Stores,
2018
May
May
1 Bought from Ms. Chunni Lal Mam Raj, Delhi:
100 bags of ITC Wheat Alta e 530 per bag
50 bags of Rice Basmati @500 per bag
Less Trade Discount e 10%
CGST and SGST @ 6% each was payable on the purchases
3) Bought from M/s. Kanodia Oil Mills, Delhi:
40 tins Ol @ 1.500 pertin
20 tins Banaspati Oil @900 per tin
Less Trade Discount @ 5%
CGST and SGST 6% each was payable on the purchases
4 Purchased trom Ms. Gupta Bros., Hapur
25 bags gram 480 per bag
40 bags oats @ 25 per bag
Less: Trade Discount @ 5%
IGST @ 12% was payable on the purchases
May
[Total of Purchases Book- 1,75,448; Purchases A/c-- 1,56,68
Input CGST A/c-28.658; Input SGST A/6-8,658; Input IGST A/c-1,48
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Answers
Answer:
Purchases Book
Date
Particulars
Invoice No.
L.F.
Details
Cost
Input
CGST
Input SGST
Input
IGST
Total
May 01
M/s Chunni Lal Mam Raj, Delhi
100 bags of ITC Wheat Atta @ Rs 530 per bag
53,000
50 bags of Rice Basmati @ Rs 500 per bag
25,000
78,000
Less: 10% T.D.
7,800
70,200
Add: CGST @ 6%
4,212
Add: SGST @ 6%
4,212
78,624
70,200
4,212
4,212
–
78,624
May 03
M/s Kanodia Oil Mills, Delhi
40 tins Oil @ Rs 1,500 per tin
60,000
20 tins Banaspati Oil @ Rs 900 per tin
18,000
78,000
Less: 5% T.D.
3,900
74,100
Add: CGST @ 6%
4,446
Add: SGST @ 6%
4,446
82,992
74,100
4,446
4,446
–
82,992
May 03
M/s Gupta Bros., Hapur
25 bags gram @ Rs 480 per bag
12,000
40 bags Oats @ Rs 25 per bag
1,000
13,000
Less: 5% T.D.
650
12,350
Add: IGST @ 12%
1,482
13,832
12,350
–
–
1,482
13,832
1,56,650
8,658
8,658
1,482
1,75,448