Question

Enter the following transactions in purchase book of M/s Ram Singh and pass the journal entry showing effect of all the transactions.

$\begin{array}{cc}2016& \\ \text{Jan 1}& \text{Purchased goods from Vansh Brothers on credit vide Invoice No.210;}\\ & \text{10 Philips tubelights @ Rs 40 each, paid GST @ 10 \%}\\ & \text{50 Crompton bulbs @ Rs 10 each, paid GST @ 10 \%}\\ \text{Jan 10}& \text{Purchased goods from Mayur Electric Store vide Invoice No.18;}\\ & \text{25 Heaters @ Rs 160 each, paid GST @ 10\%}\\ & \text{15 Sunny fans @ Rs 600 each, paid GST @ 10\%, 10\% trade discount,}\\ \text{Jan 16}& \text{Purchased goods from Ganpat Electric Store vide Invoice No. 125};\\ & \text{5 Dozen Philips bulbs @ Rs 10 each, paid GGST @ 10\%}\\ & \text{20 power plugs @ Rs 25 each, paid GST @ 10\%}\\ & \text{The trade discount is 10\% and feight charges are Rs 75.}\end{array}$

Note Here, we have taken the assumed rate of GST.

Answer 1

$\text{Dr}\text{Purchase Book}\text{Cr}\begin{array}{ccccccccc}\text{Date}& \text{Particulars}& \text{LF}& \text{Invoice}& \text{Detail}& \text{Cost}& \text{GST}& \text{Freight}& \text{Total}\\ & & & \text{No}& \text{(Rs)}& \text{(Rs)}& \text{(Rs)}& \text{Charge(Rs)}& \text{Amt(Rs)}\\ 2016& \text{Vansh Brothers}& & 210& & & & & \\ \text{Jan 1}& \text{10 Philips Tubelights @ Rs 40 each}& & & 400& & & & \\ & \text{50 Crompton Bulbs @ Rs 10 each}& & & \underset{–}{500}& & & & \\ & & & & 900& & & & \\ & \text{(+) GST @ 10\%}& & & \underset{–}{90}& & & & \\ & \underset{–}{}& & & \underset{–}{990}& 900& 90& .......& 990\\ \text{Jan 10}& \text{Mayur Electric Store}& & 18& & & & & \\ & \text{25 Heaters @ Rs 160 each}& & & 4,000& & & & \\ & \text{15 Sunny Fans @ Rs 600 each}& & & \underset{–}{9,000}& & & & \\ & & & & 13,000& & & & \\ & \text{(-) Trade Discount @ 10\%}& & & \underset{–}{(1,300)}& & & & \\ & & & & 11,700& & & & \\ & \text{(+) GST @ 10 \%}& & & \underset{–}{1,170}& & & & \\ & \underset{–}{}& & & \underset{–}{12,870}& 11,700& 1,170& .....& 12,870\\ \text{Jan 16}& \text{Ganpat Electric Store}& & 125& & & & & \\ & \text{5Dozen Philips Bulbs @ Rs 10 each}& & & 600& & & & \\ & \text{20 power Plugs @ Rs 25 each}& & & \underset{–}{500}& & & & \\ & & & & 1,100& & & & \\ & \text{(-) Trade Discount @ 10\%}& & & \underset{–}{\left(110\right)}& & & & \\ & & & & 990& & & & \\ & \text{(+) GST @ 10 \%}& & & 99& & & & \\ & & & & \overline{1,089}& & & & \\ & \text{(+) Freight Charges}& & & 75& & & & \\ & & & & \overline{1,164}& 990& 99& 75& 1,164\\ \text{Jan 30}& \text{Purchase}\text{Dr}& & & & \overline{\underset{–}{13,590}}& \overline{\underset{–}{1,359}}& \overline{\underset{–}{75}}& \overline{\underset{–}{15,024}}\end{array}$

A separate column is added for GST paid.

$\text{Journal}\begin{array}{cccccc}\text{Date}& \text{Particulars}& & \text{LF}& \text{Amt (Dr)}& \text{Amt (Cr)}\\ & \text{Purchase A/c}& \text{Dr}& & 13,590& \\ & \text{GST Paid A/c}& \text{Dr}& & 1,359& \\ & \text{Freight Inwards A/c}& \text{Dr}& & 75& \\ & \text{To Vansh Brothers}& & & & 990\\ & \text{To Mayur Electric Store}& & & & 12,870\\ & \text{To Ganpat Electric Store}& & & & 1,164\\ & \text{(Purchase for the month of January)}& & & & \end{array}$