Question

Q2. Enter the following transaction in Purchase Book and post it into Ledger:

2019

January 5   : Bought goods from Rahul Bajaj on credit for Rs. 25,000.

January 13       : Purchased goods from Ganesh Industries on credit of the list price of Rs. 12,000 less 20% trade discount.

January 18       : Purchased Furniture for Rs. 5,000 for office use.

January 28       : Purchased goods for Vijay Modi for Rs. 10,000 at 121/2%                       discount.

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Answer 1

Answer:

Purchase A/c.......... Dr. 25000

To Rahul Bajaj 25000

( Being goods purchased from Rahul Bajaj on credit.)