Question

47. Enter the following transactions in the Purchases Book of Premdas and also show the Purchases Account.
Jan.
1 Purchased from Mohan on credit four reams of white paper at 65 per ream.
2 Purchased from Gopi 4 dozen ink bottles at 48 per dozen.
3 Purchased from Rao two dozen writing Pads at 96 per dozen
4 Returned two defective pads to Rao.
5 Purchased from Kishore 3 dozen balls pens at * 15 per dozen.
.
48.
The transactions of a business in January were as follows​

Answer 1

Answer:

Mr. Manoj wrote to the Mr. Venkatesh on 6th June, offering to sell them some wool and requested

that the Mr. Venkatesh reply „in course of post‟. The letter which contained the offer was wrongly

addressed and therefore the Mr. Venkatesh did not receive it until 9th June. On receiving the letter

the Mr. Venkatesh posted a letter of acceptance the same day. However, due to the delay the Mr.

Manoj had assumed the Mr. Venkatesh was not interested in the wool and sold it to a third party on

8

th June. Advise Mr. Venkatesh.

Answer 2

this was the correct ans ❤