Question

What is the format of Purchase Book?​

Answer 1

Answer:

There are five columns in total in a usual purchase book. The first column as you can see is the date. Then it is the particulars column which here will only focus on the name of the supplier. Here you can add the other details such as quantity supplied, the rate of the goods etc.

Answer 2

Answer:

Format of Purchase Book

with explanation.

(1) Date :— The date of purchase of goods on credit is recorded in this column.

(2) Particulars :- The name of the person or firm from whom the goods are

purchased is written in this column. Also it contains the description of the goods

purchased, its, rate, gross amount, trade discount etc.

(3) Invoice Number :- The number of the invoice or bill on the basis of which the

transaction is being recorded in the purchase book is mentioned in this column.

(4) Ledger Folio or L.F. :- Page number of the ledger where the transaction is

posted is recorded in this column.

(5) Details :- This column is used to write the individual amount of different

items purchased from a particular supplier. This column is also used to deduct

the amount of trade discount and for adding the amount of Input CGST, Input

SGST and Input IGST.

(6) Purchase : Net amount of purchase i.e., purchase less trade discount is written

in this column.

(7) Input Central GST (CGST): This tax is paid on intra-state purchase of goods.

(8) Input State GST (SGST): This tax is also paid on purchase of goods within

the same state. It is also calculated on the net sale value i.e., sale price less trade

discount. Total of this column is posted to the debit of Input SGST A/c in the

Ledger

(9) Input Integrated GST (IGST) : This tax is paid on inter-state purchase of

goods i.e., purchase of goods from outside the state. It is calculated on net sale

value i.e., sale price less trade discount. Total of this column is posted to the

debit of Input IGST A/c in the Ledger

(10) Total Amount : Total amount of each transaction is shown in this column and

the amount of each transaction is posted to the credit of the Supplier Alc in the Ledger.