Enter the following transactions of Prasad Traders in Purchases Book, Sales Book,
Purchase Return Book and Sales Return Book for the month of May, 2011. (08)
2011, May
1. Sold goods to Sharma Stores ` 11,000 @ 10% trade discount.
4. Purchased goods from Nandan Traders ` 7,350 and paid carriage ` 225.
7. Sharma Stores returned goods of ` 1,455 (Net).
11. Cash purchases ` 12,800 and cash sales ` 9,000.
14. Vignesh invoiced goods to us as per our order placed on 27th April, 2011 ` 20,000.
16. Sold goods of ` 3,600 to Vishal @ 10% trade discount.
19. Returned goods to Vignesh ` 1,650 as they were defective.
22. Credit purchases from Anuj Traders ` 8,150 and they allowed a trade discount of
` 150.
24. Vishal returned goods of ` 800 (Gross) as they were damaged.
26. Purchased office furniture on credit from Super Furniture Mart ` 25,000.
29. Purchased goods from Govardhan Stores for ` 10,000 and sold the same to Krishna
@ 25 % profit on cost.
31. Sent a debit note to Anuj Traders for ` 3,400 for goods returned.
Answers
Explanation:
Date
Particulars
Invoice No.
L.F.
Details
Cost
Input
CGST
Input SGST
Total
June 05
Mohan Lal & Company, Kanpur
20 Godrej Chairs @ ₹ 2,000 each
40,000
5 Godrej Tables @ ₹ 6,000 each
30,000
70,000
Less: 20% T.D.
14,000
56,000
Add: CGST @ 6%
3,360
Add: SGST @ 6%
3,360
62,720
56,000
3,360
3,360
62,720
June 10
Bharat Bhushan & Sons, Varanasi
5 Almirahs @ ₹ 12,000 each
60,000
2 Revolving Chairs @ ₹ 20,000 each
40,000
1,00,000
Less: 10% T.D.
10,000
90,000
Add: CGST @ 6%
5,400
Add: SGST @ 6%
5,400
1,00,800
90,000
5,400
5,400
1,00,800
June 14
Surya Traders, Lucknow
80 Desks @ ₹ 2,500 each
2,00,000
10 Sofa Sets @ ₹ 20,000 each
2,00,000
4,00,000
Less: 15% T.D.
60,000
3,40,000
Add: CGST @ 6%
20,400
Add: SGST @ 6%
20,400
3,80,800
3,40,000
20,400
20,400
3,80,800
4,86,000
29,160
29,160
5,44,320