Question

Q1) Prepare subsidiary books from the following information [5]
2019 April
1 Purchased goods from Mr. Mayur less 30% Trade discount Rs 70,000.
2 40% of goods purchased from Mr Mayur sold to Mr. Chatur.
3 Mr. Chatur returned defective goods of Rs 3,000 (net)
4 Returned defective goods to Mayur Rs 900 (gross)
5 Ravi sold goods to us Rs 6,000 .
6 Returned goods to Mr Ravi 20%.
14 Purchased goods of Rs 50,000 from Mr. Menon .
15 Goods purchased from Mr. Menon sold to Mr Rajan for Rs 80,000.
16 Mr. Rajan returned goods of Rs 8,000/- which were defective .
18 Rajan’s defective goods returned to Mr. Menon.
21 Cash sales Rs 21,000.
27 Cash Purchases Rs 25,000

Answer 1

Explanation:

1 Purchased goods from Mr. Mayur less 30% Trade discount Rs 70,000.

2 40% of goods purchased from Mr Mayur sold to Mr. Chatur.

3 Mr. Chatur returned defective goods of Rs 3,000 (net)

4 Returned defective goods to Mayur Rs 900 (gross)

5 Ravi sold goods to us Rs 6,000 .

6 Returned goods to Mr Ravi 20%.

14 Purchased goods of Rs 50,000 from Mr. Menon .

15 Goods purchased from Mr. Menon sold to Mr Rajan for Rs 80,000.

16 Mr. Rajan returned goods of Rs 8,000/- which were defective .

18 Rajan’s defective goods returned to Mr. Menon.

21 Cash sales Rs 21,000.

27 Cash Purchases Rs 25,000