Question

(lat-
Transaction of 24th is a Cash transaction, hence will not
25. Enter the following transactions in the Purchases Book of Veena & Co.-
2016
January
1 Purchased 5 dozen pens from Ram & Co. @ 60 per dozen
January 12 Purchased furniture from National Furniture Co. for 3.000.
January
23 Bought 10 Boxes of ribbons from Vinod @ 50 per box.
January 30 Bought 2 dozen writing pads from Ramesh & Co. @ 25 each pad.
[ Ans. Total of Purchases Book * 1,400
(Hint- Transaction of January 12th will be not recorded)​

Answer 1

Answer:

purchase book only record credit purchase transaction

jan 1 purchase account dr. 300

to ram and company. 300

23 jan purchase account dr. 500

to Vinod. 500

30 jan. purchase account dr 600

to Ramesh and company 600

total purchase account is 300+500+600=1400

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