Question

From the following transactions of Kamal, prepare Purchases Book and post in Ledger:1/ Purchased from Videocon India Ltd., Kolkata:od 15/ Purchased from Sony India Ltd., Guwahati:20 Purchased from Music India Ltd., Delhi:30 Colour T.Vs @ 15,000 each, less Trade Discount @ 10%, plus Freight charges 2,00010 colour T.Vs @ 20,000 each less Trade Discount @ 10%.10 music systems @ 10,000 each less Trade Discount @ 15%.30 Purchased from Videocon India Ltd., Kolkata:5 washing machines @ 15,000 each less Trade Discount @ 20%, Freight charges ? 1,000.[Total of Purchases Book - 7,33,000; Purchases A/c (Dr.) 7.30.000;Freight Inwards A/c (Dr. 3.000Videocon India Ltd., Kolkata (Cr. 4,68,000: Sony India Ltd.Guwahati (Cr.) 1,80,000; Music India Ltd., Delhi (Cr.) 85,0005, Delhi2T​

Answer 1

Explanation:

From the following transactions of Kamal, prepare Purchases Book and post in Ledger:1/ Purchased from Videocon India Ltd., Kolkata:od 15/ Purchased from Sony India Ltd., Guwahati:20 Purchased from Music India Ltd., Delhi:30 Colour T.Vs @ 15,000 each, less Trade Discount @ 10%, plus Freight charges 2,00010 colour T.Vs @ 20,000 each less Trade Discount @ 10%.10 music systems @ 10,000 each less Trade Discount @ 15%.30 Purchased from Videocon India Ltd., Kolkata:5 washing machines @ 15,000 each less Trade Discount @ 20%, Freight charges ? 1,000.[Total of Purchases Book - 7,33,000; Purchases A/c (Dr.) 7.30.000;Freight Inwards A/c (Dr. 3.000Videocon India Ltd., Kolkata (Cr. 4,68,000: Sony India Ltd.Guwahati (Cr.) 1,80,000; Music India Ltd., Delhi (Cr.) 85,0005, Delhi2T

Answer 2

Explanation:

                                               Purchase Book

Date                                        Particulars                              Details     Amount  

1.          Videocon India Ltd

           30 Colour T.Vs @ 15,000                                         450000

           Trade Discount 10%                                                  (45000)

           Freight Charges                                                          2000

           

           5 washing machines @ 15,000                                 75000

           Trade Discount 20%                                                 (15000)

           Freight Charges                                                          1000       468000

2.         Sony India Ltd

           10 Colour T.Vs @ 20,000                                         200000

           Trade Discount 10%                                                  (20000)    180000

3.         Music India Ltd

           10 music systems @ 10,000                                     100000

           Trade Discount 15%                                                  (15000)      85000    

                                                                                                                733000