Question

Record the following transactions in the Purchases Book of Selman General
Stores, Delhi:
2019
May 1 Bought from M/s. Ajith Singh & Sons,, Delhi:
200 bags of ITC Wheat Atta @ ₹ 430 per bag
40 bags of Rice Basmati @ ₹ 400 per bag
Less: Trade Discount @ 10%
May 3 Bought from M/s. Arvind Oil Mills, Delhi:
50 tins Oil @ ₹ 2,500 per tin
30 tins Banaspati Oil @ ₹ 800 per tin
Less: Trade Discount @ 5%
May 4 Purchased for from M/s. Gupta Bros., Hapur:
15 bags gram @ ₹ 280 per bag
20 bags oats @ ₹ 35 per bag
Less: Trade Discount @ 5%
6
21 Prepare Bank Reconciliation Statement as on 3

Answer 1

Answer:

refer the attachment above

Explanation:

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