Question

Prepare necessary subsidiary books from the following transactions

2005

July 1  Capital invested into the business Rs 30,000.

July 3  Purchased stock for Rs. 40,000 from D. Narayanan

           Less 10% trade discount.

July 5   Paid Rs. 10,000 to D. Naranyanan

July 10  Paid the following

              Salary Rs. 1500

              Stationery Rs. 100

              Shop expenses Rs. 50

              Telephone chanrges Rs. 175

July 14   Purchases from salim Rs. 8000 less 10%

              trade discount

July 15  Receive the following:

              Interest - Rs 3000

              Commission - Rs. 2500

              Rent Rs. 2000

July 20  Purchased from Rama for cash Rs. 6000/-

Answer 1

Date	Name of the supplier	invoice No.	LF.	Amount	Amount
3.7.05	Purchased stock from D. Narayan			40000
	Less: Trade discount at 10%			4000	36000
14.7.05	Purchased from salim			8000
	Less: Trade discount at 10%			800	7200
	Trade Credit Purchased				432000

 

Date	Particulars	Amont	Date	Particulars	Amount
1.7.05	Capital	30000	5.7.05	D. Narayan	10000
15.7.05	Interest	3000	10.7.05	Salary	1500
15.7.05	Commission	2500	10.7.05	Stationary	100
15.7.05	Rent	2000	10.7.05	shop expenses	50
				Telephone charges	175
				Purchases	6000
				Balance c/d (Balancing figure)	19675
		37500			37500