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Question -

Enter the following transactions in the Purchase Journal (Book) of M/s Gupta Traders of July 2017:

01

Bought from Rahul Traders as per invoice no. 20041

 

40 Registers @ ₹ 60 each

 

80 Gel Pens @ ₹ 15 each

 

50 note books @ ₹ 20 each

 

Trade discount 10%.

15

Bought from Global Stationers as per invoice no. 1132

 

40 Ink Pads @ ₹ 8 each

 

50 Files @ ₹ 10 each

 

20 Color Books @ ₹ 20 each

 

Trade Discount 5%

23

Purchased from Lamba Furniture as per invoice no. 3201

 

2 Chairs @ 600 per chair

 

1 Table @ 1,000 per table

25

Bought from Mumbai Traders as per invoice no. 1111

 

10 Paper Rim @ ₹ 100 per rim

 

400 drawing Sheets @ ₹ 3 each

 

20 Packet water colour @ ₹ 40 per packet

From the abovequestion we see that Gupta Traders deals with stationery. On 23rd July the purchase of furniture is toward the use ofcompany and hence, will not be considered as an entry in purchase book.



Answer -

 

Books of M/s Gupta Traders
Purchases Book

Date

Invoice
No.

Name of the Supplier
(Account to be credited)

L.F.

Details

Amount

2017

01 Jul

20041

Rahul Traders

40 Registers @ ₹ 60 each

2,400

80 Gel Pens @ ₹ 15 each

1,200

50 Note Books @ ₹ 20 each

1,000

4,600

Less: Trade Discount 10%

(460)

4,140

15 Jul

1132

Global Stationers

40 Ink Pads @ ₹ 8 each

320

50 Files @ ₹ 10 each

500

20 Colour Books @ ₹ 20 each

400

1,220

Less: Trade discount 5%

(61)

1,159

25 Jul

1111

Mumbai Traders

10 Paper rims @ ₹ 100 each

1,000

400 Drawing Sheets @ ₹ 3 each

1,200

20 Packets Water Colour @ ₹ 40 per pack

800

3,000

Purchases Account

8,299

The purchase book doesnot contain a details column but it is included here for helping the studentsunderstand the concept.

 

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