Question

From the following transactions, prepare purchase books in the books of Krupa : 2021 May 1 Purchase goods of ` 10,000 from Durgashankar on one month credit. 3 Purchase goods of ` 15,000 from Vinodbhai at 10% trade discount. Invoice no.15. 6 Purchase of goods ` 8,000 from Manish on cash. 15 Placed order with Ashwin for supply goods of ` 10,000 at 20% trade discount. 18 Purchase furniture at ` 6,000 from Shriji Furniture Mart on one month credit. 20 Ashwin has sent goods as per order and sent invoice no.314 after adding ` 1,200 for railway freight. 23 Purchase goods of ` 4,000 at 5% cash discount. 25 Purchase goods of ` 16,000 from Babulal at 10% trade discount and half of the amount paid immediately by cheque.​

Answer 1

Explanation:

CBSE Class 11 Commerce Accountancyis divided into two parts—Accountancy Part 1 and Accountancy Part 2. At TopperLearning, both parts are explained elaborately through the chapter notes and revision notes.

Accountancy is a subject which is closely related with trade. It assesses and manages the monetary outcome of the institution. This subject teaches students how to record, allocate and outline the transactions of business. Besides learning to record, classify and report transactions, students learn how to draft a financial report based on recorded data and create financial statements.