Question 4.
The following purchases were made by M/s. B.K Gupta, Kolkata, during the month of April, 2018. Prepare Purchases Book and post them in the Ledger Accounts:
Answers
Answer:
the following processes were made by Mr BK Gupta Kolkata during the month of April 2018 paper purchase book and post them in accounts
Answer:
Explanation:
PURCHASE BOOK
Subodh Brothers Delhi
5 chest of Tea @ Rs 7,000/ chest 35000
Less 10 % discount 3500
Add input IGST 3780
Add packaging 500
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35780
Siliguri Tea Agency
15 boxes Tea @ Rs 600 /box 9000
Less 10% Discount 900
Add Input CGST 486
Add Input SGST 486
Add packaging 50
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9122
Total 44902
Purchase Account
To Sundries as per purchase 39600
Packaging and other charges Account
To Subodh Brothers A/c 500
To Siliguri A/c 50
Subodh Brothers Account
By Purchase A/c 31500
By Input IGST a/c 3780
By Freight a/c 500
Siliguri Tea Agency Account
By Purchase A/c 8100
By Inpur CGST A/c 486
By Inpur IGST a/c 486
By Freight A/c 50