Record the following transactions in the Purchases Book of Krishna general stores delhi
2021 May 1 Bought from M/s. Chunni Lal Mam Raj, Delhi:
100 bags of ITC Wheat Atta @*530 per bag 50 bags of Rice Basmati @500 per bag Less: Trade Discount @ 10%
may 3/ Bought from M/s. Kanodia Oil Mills, Delhi:
40 tins Oil@* 1,500 per tin, 20 tins Banaspati Oil@900 per tin Less: Trade Discount @ 5%
may 4 Purchased from M/s. Gupta Bros., Hapur:
25 bags gram @480 per bag 40 bags oats @*25 per bag Less: Trade Discount @ 5%
Answers
Refer to the attachment for required purchase book.
Explanation:
Purchase Book
Date Particulars Details Amount
2021
May 1 M/s. Chunni Lal Mam Raj
100 bags of ITC Wheat Atta at 530 per bag 53000
50 bags of Rice Basmati at 500 per bag 25000
+ 78000
Less: 10% Trade Discount (7800) 70200
May 3 M/s. Kanodia Oil Mills
40 tins Oil at 1,500 per tin 60000
20 tins Banaspati Oil at 900 per tin 18000
+ 78000
Less: 5% Trade Discount (3900) 74100
May 4 M/s. Gupta Bros
25 bags gram at 480 per bag 12000
40 bags oats at 25 per bag 1000
+ 13000
Less: 5% Trade Discount (650) 12350
TOTAL 156650