Question

12) Prepare the purchase book of M/s SHIV Stationers
from the following:
2010
June 1 Purchased from Gagan Stationery Man on credit
(i) 70 dozens pencils @ 25
25 per dozen
(ii) 10 dozens registers @ 15 per register.
June Purchased from Amrit Furniture
10
2 Tables a 1,500 per table.
June Purchased 3 dozens ink pots @ 80 per dozen from
15 Mehar Paper Co. ON CASH.
June Purchased from Rehman Bros. on credit
18
(1) 5 reams of white paper a
50 per ream
(ii) 120 pens @ 60 per dozen.
Less trade discount of 10%​

Answer 1

Answer:

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Perceived expected outcomes from convergence initiatives include: 1) Increase in Social Capital: Collective planning and implementation among different stakeholders will enhance social capital. This will improve management and work output.

Answer 2

Answer:

The Purchase Book is a record of all purchases made by a business during a specific time period. We have prepared the Purchase Book for M/s SHIV Stationers for the year 2010, which includes the date of purchase, the name of the supplier, the invoice number, the product purchased and the quantity, the rate at which the product was purchased, and the total amount paid for the product. The total amount of purchases made by M/s SHIV Stationers during the year 2010 is $23,030.00.

Explanation:

Here we provide as required the purchase Book of M/s SHIV Stationers for the year 2010:

Date     Supplier Invoice No. Product/Quantity  Rate Amount

1-Jun-2010 Gagan Stationery Man 001 70 dozen pencils 25/dozen 17,500.00

1-Jun-2010Gagan Stationery Man 001      10 dozen registers 15/each 1,500.00

1-Jun-2010 Amrit Furniture 002          2 tables                1,500 3,000.00

15-Jun-2010 Mehar Paper Co. 003     3 dozen ink pots 80/dozen 240.00

18-Jun-2010 Rehman Bros. 004     5 reams of white paper 50/ream 250.00

18-Jun-2010 Rehman Bros. 004      120 pens (after 10% discount) 50/dozen 540.00

Asa note the total amount for pens is calculated after deducting 10% trade discount.

Total Purchases = $23,030.00

Therefore, the total amount of purchases made by M/s SHIV Stationers during the year 2010 is $23,030.00.

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