Enter the following transactions in proper subsidiary books. 2020 December 1 Purchased goods from A 5,000 3 Sold goods to M for cash 8,000 6 Return defective goods to A 1,000 10 N bought goods from us 7,000 13 Sold goods to P 3,000 14 Returns inwards from P 400 I 7 Purchases from J 4,000 20 Credit sales to K 2,000 22 Returned to J goods worth 750 28 Bought machinery from RS Ltd on credit 12,000
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Explanation:
The following are the entries for the transactions in proper subsidiary books:
Purchases Book:
Date Particulars Debit Credit
Dec 1 A 5,000
Sales Book:
Date Particulars Debit Credit
Dec 3 M 8,000
Dec 10 N 7,000
Dec 13 P 3,000
Dec 20 K 2,000
Returns Inwards Book:
Date Particulars Debit Credit
Dec 6 A 1,000
Dec 14 P 400
Dec 22 J 750
Purchases Returns Book:
Date Particulars Debit Credit
Dec 6 A 1,000
Dec 14 P 400
Dec 22 J 750
Machinery Book:
Date Particulars Debit Credit
Dec 28 RS Ltd 12,000
Note: The above entries are based on the information given and may vary depending on the actual transactions and company's accounting policies.
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