Question

Prepare Sales book and Purchases book of M/s Deendayal from

llowing transactions-

2017

June 7 Purchased from Arora & Co., Nai Sarak

10 ChairsT200 each

1 Table for 600

Trade discount 10%

June 10 Sold to Sudha Furniture Co., Agra

2 Almirahs@2,000 each

Less : 15%

June 12 Sold to Meera Mart for cash

10 Tables 1,000 each

June 15 Purchased from Hira Lal & Sons for cash

15 Chairs @ 7350 each

June 16 Purchased from Fateh Chand & Co., Delhi

5 Chairs @ T180 each.

une 25 Sold to Ravi Sharma, Delhi

2 dining tables @76,000 each​

Answer 1

Answer:

purchase a/c = arora&co

multiple 10 and 200

multiple 1 and 600 and then 2000+600

find the discount amount and add with the final answer

*hira &co will not be recorded under purchase a/c bcoz it was a cash purchase

purchase a/c= fateh chand a/c

multiple 5 and 180=900

now add the amount entered under the total side of the purchase account you will get the purchase a/c amount

sales a/c=sudha furniture

multiple 2 and 2000=4000

find the discount amount and less it from the final amount

multiple  10 and 1000=10000

sales a/c=ravi sharma

multiple 2 and 76000

now add the amount got at sudha furniture and ravi sharma you will get the total amount of sales a/c

Explanation: