Question

Prepare Purchase Book, Sales Book, Purchase Returns Book and Sales Returns Book in the books of P. K. Stores from the following transactions:

2015
Nov. 1 Purchased goods of ₹ 30,000 from Ramanuj at 10% trade discount. Bill no. 120.
4 Purchased goods of ₹ 12,000 from Nirmi at 10 % cash discount. Credit period 1 month. Bill no. 130.
6 Sold goods of ₹ 15,000 to Suresh at 5 % trade discount and 3 % cash discount under Bill no. 350.
11 Purchased goods of ₹ 10,000. Cash Memo no. 58.
15 Suresh returned goods of ₹ 3,000. Credit note no. 20 sent to Suresh.
17 40 % goods returned to Nirmi and debit note no. 17 sent.
19 Purchased furniture of ₹ 7,000 from Shree Saraswati Furniture Mart.
20 Purchased goods of ₹ 90,000 from Aunti. Half of the amount paid immediately.
21 All the goods purchased from Aunti sold to Bala for ₹ 1,08,000. Credit one month.
Trade discount 10 %. Bill no. 360.
23 Bala returned half of the goods which was sent to Aunti.
24 Karan placed an order for ₹ 30,000 at 10 % trade discount for supply of goods.
25 Goods sent to Karan as per order. ₹ 500 added for carriage under bill no. 365.
26 Cash purchase ₹ 16,000 and cash sales ₹ 20,000.
27 Returned goods to Sweety of ₹ 10,000 which was purchased in October and sent debit note no. 20.
30 Karan returned half of the goods and proportionate amount of carriage was given credit.

Answer 1

Note :

(1) The following transactions will not be recorded :
(i) Date 11 Cash purchases. It will be recorded in cash book.
(ii) Date 19 Purchase of furniture (asset) which is on credit, it will be recorded in journal proper.
(iii) Date 24 Non-economic transaction.
(iv) Date 26 Cash transaction, it will be recorded in cash book.
(2) The whole transaction of Date 20 is recorded in Purchase Book considering, it as a credit purchase.
(3) Date 25 wages ₹ 500 will be recorded in cash book.
(4) Date 30 : Amount of proportional wages will be debited as wages A / c and with same amount Karan A/c will be credited in journal proper.