Accountancy - Subsidiary Book (Purchase, Sales, Purchase Return and Sales Return)
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Course
Accountancy
Institution
This is a worksheet full of questions based Subsidiary books. This will give you a brief idea regarding where the purchase book, sales book, purchase return book and sales return book which record credit transactions.
After the completion of this Worksheet :
(1)You will be able to make and pass t...
SUBSIDLARY BOOKS
Q. 1. Record the following tran sactions in the Purchase, Sales and Return books.
(Subsidiary books) Mr.Rajiv. Also show the Purchase, Sales, Purchase Returm and
Sales Return A/c for October 1998
Oct '98
1st Purchased goods from Shailaja worth Rs. 10,000 T.D 20%
5th Half of the goods purchase from Shailaja at gross price, to Anirudh.
10h Purchase Machinery costing Rs. 10,000 from Suken & Co.
Va by cheque.
12th Invoiced goods to Nirmal & co for Rs. 6,000 TD 10%
13th Nirmal & Co returned goods worth Rs. 1,000 (gross)
18th Sold goods to Dipesh &Co Rs. 3,000 vide cash memo.
24th On our instruction Nikhil sent goods worth Rs. 8,000 to Anil for
Rs. 9,000.
27th Anil returned goods worth Rs. 1,800 directly to Nikhil.
29th Paid carriage on goods Rs. 300.
0. 2. From the following information prepare. (H.w)
a) Purchase Journal, Sales Journal, Purchase Return Journal and Sales Return
Journal of Mr. Sunil for January 2007
b) For transactions, which cannot be recorded in the above books, state the subsidiary
book where they will be recorded.
c) Post the from (a) & (b) to (1) Amit's a/c (2) Raj's a/c (3) Manoj'sa/c
(4) Purchase Return a/c & (5) Sales Return A/c in Ledger and balance them.
1 Purchased goods from Manoj Rs. 22,000 @ 8% T.D.
5 Invoiced goods to Raj Rs. 45,000 with 5%.T.D.
6 Under instruction of John, James invoiced goods to us Rs. 8,500.
7Raj retuned 40% of the goods.
Purchased goods from Manoj worth Rs. 10,000 for cash.
10 Mohan supplied goods worth Rs. 18,000 (net) a@ 10% T.D.
12 60% of goods purchased from Mohan sold to Rohit at a profit of 35% on cost.
13 50% of goods purchased from Manoj, from 1/6/07 to 12/6/07, were sold to
Alok at 25% on cost.
14 Cash sales Rs. 25,000
18 Purchased a Laptop on credit from Laxmi Electronics worth Rs. 80,000.
19 Returned goods of Rs. 500directly to James, as they were defective.
20 Raj settled his account by issuing a bearer cheque.
21 Sold goods to Amit worth Rs. 28,000 @ 5% T.D and 10% C.D, if payment is
received in five days.
22 Received free samples from Ramnesh worth Rs. 1,000.
23 On our instruction, Ramesh supplied goods to Rajeev. Our outward invoice is
for Rs. 19,000 and Ramesh's outward invoice is for Rs 12,000.
24 Goods withdrawn from the business by Sunil is Rs. 5,000.
due
25 4 of the goods sent to Rajeev, were directly returned by him to Ramesh
to some defects in goods.
30 Received cross cheque from Amit for necessary amount.
, Q.3. On the basis of the following tran sactions and balances, supplied by Jagdeep
Electronics for April, 2008, you are required to:
a) Prepare Purchase book, Sales book, Return inward book and Return outward book
for April, 2008,
b) Give journal cntrics for the transactions which cannot be recorded in subsidiary
books mentioned in (a) above;
c) Prepare and balance Manan Electronics A/c, IFB Industries A/c; Suren's A/;Vijay
Sales A/c.
On March, 31 2008, Balances of several accounts were: Manan Electronics (Dr.) Rs.
34,000; IFB Ind. A/c (Cr.) Rs. 2,05,600; Suren A/c (Dr.) Rs. 43,000; Vijay Sales A/c
(Cr.) Rs. 1,02,000; Stock of goods A/c Rs. 5,36,000.
April IFB Industries supplied 15 washing machines and 20 ovens to us. Purchase
1|Price was Rs. 16,800 (net) per washing machines and Rs. 4,000 (gross) per
oven. We are allowed trade discount at 25%. The supplier, whoprovides free
delivery of goods, -paid carriage Rs. 3,000.
Under the instructions of Jagdeep Electronics, Vijay Sales supplied 7
3 refrigerators at Rs. 32,000 each, 6ovens at Rs. 3,500 each and 7 cooking
range at Rs. 16,000 each to Suren. We charge profits @ 30% on selling
price. Vijay Sales paid carriage Rs. 15,000 on behalf of Jagdeep
Electronics.
5 Under the instru ctions of Manan Electronics, Jagdeep Electronics supplied
5 LCD screens to Bhupen. Inward and outward invoice of Manan
Electronics was at Rs. 24,000 and Rs. 28,800 per LCD screen Each.
10 Placed an order for 20 washing machines and 20 refrigerators with LG
Electronics Ltd. The list price is Rs. 17,400 per washing machine and
Rs. 16,800 per refrigerator. We were allowed trade discount @25%.
12|LG Electronics Ltd, executed the order dated 10 April, 2008.
14 Out of the goods received by us on 12 April, 2008, 5 washing machines and
3 refrigerators were sold to Suren at list price less 5% trade discount.
15 Suren returned one refrigerator from his purchases dated 14 April, 2008.
16| On account of Gudi Padwa, Jagdeep Electronics has a scheme of giving one
oven free on a purchase of:
(a) One refrigerator and one cooking range.
OR
(b) Two refrigerators
OR
(c) Two cooking ranges.
Under this schemne, we delivered 10 refrigerators, 10 cooking ranges and 10
ovens. The selling price of refrigerator, cooking range and oven is
Rs. 21,000; Rs. 18,000 and Rs. 4,000 each. The goods were sent vide
invoice no. 345, issued in favour of Manan Electronics.
20 Man an Electronics returned one refrigerator, one cooking range and one
Oven, since they were defective.
21 The goods returned by Manan Electronics on 20 April, 2008 were returned
to our supplier Vinayak Traders. The Purchase Price was Rs. 17,400;
16,800 and 3,000 per refrigerator, cooking range and oven respectively.
26 Sold one LCD screen vide cash memo No. 137, issued to Ajay, for
Rs. 26,500.
28 Under the instruction of Vijay Sales, Godrej Ltd. sent 15 semi-automatic
washing to Jagdeep Electronics. Inward invoice of Vijay Sales and Jagdeep
Electronics are for Rs. 5,900and Rs. 7,100 per machine.
29 Jagdeep Electronics directly returned 3 washing machines to Godrej Ltd.
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