impresi
7.
Enter the following transactions in the books of Vijay in Purchase Book, Sales Book,
Purchase Returns Book and Sales Returns Book and Journal Proper for the month
of August 2018.
2018 Aug
101
02
,05
08
Purchased goods from Vikas Stores 18,000 at 5% Trade Discount
Sold goods of 9,000 to Prabhakar Traders
Veena sold goods of? 16,000 to us at 5% Trade Discount as per our order dated 28th July,
2018.
Sent a Debit Note to Vikas Stores * 1,600 (Gross) for goods returned.
10 Sold goods of 12,000 on credit to Shamal & Sons at 6% Trade Discount.
18 Received Credit Note from Veena 900 (Gross) for goods returned.
Sent Credit Note to Prabhakar Traders for 3 1,500 for goods returned. Received Debit
note from Shamal & Sons for * 1,200 (Net) for goods returned.
23 Purchased goods of 16,600 from Priya Stores and paid for Carriage 150.
Purchased goods from Sadhana Stores 12,000 and sold the same to Aradhana Stores at
a profit of 20% on cost.
Aradhana Stores returned goods of * 2,400 as they were defective and the same were
returned to Sadhana Stores.
31. Purchased Furniture for office use 30,000 from Art Furniture Works on credit.
22
ex
25
28
Answers
Answer:
2.
(Ans. Realisation Profit to A 73,000 and B 21,000, Total Profit - 240.000
Verma and Sharma were partners sharing profits in the ratio of 3 1. On 31-3-2011
their Balance Sheet was as follows:
Balance Sheet of Verma & Sharma (as at 31.3.2011)
Liabilities
Assets
Amount
₹
Amount
3
70.000
Capital :
Verma
Sharma
Creditors
Land and Building
1,20,000
Machinery
80.000 2,00.000 Debtors
70.000 Bank
2.70.000
80.000
60.000
2.70.000
The firm was dissolved on 1-4-2011 and the Assets and Liabilities were setties
follows:
(i) Creditors of 50.000 took over Land and Building in full settlement of their
claim.
(ii) Remaining Creditors were paid in cash.
(iii) Machinery was sold at a depreciation of 30%
(iv) Debtors were collected at a cost of 500
(v) Expenses of realisation were 1.700.