Question

34. A trader made the following
transactions. Total of purchase book on the
basis of these transaction will be:
(1) Goods purchased from Gaurav Rs.
8,000.
(2) Goods purchased from Sudheer for
cash Rs. 10,000.
(3) Goods purchased from Qamar on credit
Rs. 25,000.
(4) Machinery purchased from Dinesh for
Rs. 40,000.*
​

Answer 1

Answer:

the ans is 73000

hope it will helpful ☺️

Answer 2

                                             JOURNAL ENTRIES

In this question,

• In the first three adjustments, the goods are being purchased so the purchases account is being debited and all the creditors being liability are credited with their respective accounts.
• For the fourth part Machinery being treated as an Asset will be debited as the new one is brought and Dinesh being the creditor will be treated as liability and will be credited by the amount for which machinery is brought.

Purchases A/c       ----dr                 8,000

   To Gaurav A/c                                           8,000

(Being goods purchased on credit)

Purchases A/c       ----dr                 10,000

   To Sudheer A/c                                           10,000

(Being goods purchased on credit)

Purchases A/c       ----dr                 25,000

   To Qamar A/c                                           25,000

(Being goods purchased on credit)

Machinery A/c       ----dr                 40,000

   To Dinesh A/c                                            40,000

(being machinery purchased on credit)

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