Following transactions were recorded in the books of Darshan Traders-You are required to prepare i Purchase Book- ii Sales Book- iii Purchase Return Book- and iv Sales Return Book-

Purchases Book Date Particulars L.F. Details (Rs) Amount (Rs) 2017 nbsp; nbsp; nbsp; nbsp; ...

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Sales Tax

Following tra...

Question

Following transactions were recorded in the books of Darshan Traders:−

2017

March 1 Sold to Chandra Light House :−

50 Tubelights @ ₹ 60 each Less : 20%

20 Heaters @ ₹120 each Less : 25%

5 Purchased from Charat Ram Electric Co. :−

25 Table Fans @ ₹ 600 each

20 Ceiling Fans @ ₹800 each

10 Chaudhary & Sons purchased from us :−

80 Dozen Bulbs @ ₹ 90 per Dozen

12 Purchased from Ram Lal & Sons one Typewriter for ₹ 6,000 on credit, for office use.

16 Sri Ram & Sons sold to us :−

10 Electric Irons @ ₹ 180 each less : 10%

20 Chandra Light House returned :−

5 Tubelights sold on March 1.

22 Sold goods to Jai Bhagwan & Co. for cash ₹ 10,000.

25 Returned to Sri Ram & Sons 2 Electric Irons purchased on March 16.

You are required to prepare (i) Purchase Book; (ii) Sales Book; (iii) Purchase Return Book, and (iv) Sales Return Book.

Open in App

Solution

Suggest Corrections

Similar questions

Rectify the following errors.

(i) Credit purchase from Rohan Rs. 9,000 were recorded in sales book.

(ii) Goods returned to Rakesh Rs. 4,000 were recorded in the sales return book.

(iii) Good returned from Mahesh Rs. 1,000 were recorded in purchases return book.

(iv) Goods returned from Mahesh Rs. 2,000 were recorded in purchases book.

Rectify the following errors.

(a) Credit Sales to Mohan Rs. 7,000 were recorded in purchase book.

(b) Credit Purchase from Rohan Rs. 9,000 were recorded in the sales book.

(d) Goods returned from Mahesh Rs. 1,000 were recorded in purchase return book.

Rectify the following errors:

(a)	Credit Sales to Mohan Rs 7,000 were recorded in purchases book.
(b)	Credit Purchases from Rohan Rs 900 were recorded in sales book.
(c)	Goods returned to Rakesh Rs 4,000 were recorded in the sales return book.
(d)	Goods returned from Mahesh Rs 1,000 were recorded in purchases return book.
(e)	Goods returned from Nahesh Rs 2,000 were recorded in purchases book.

Pass necessary Journal entries' to rectify the following errors:

(i) Goods returned to Mahima for Rs 5,000, entered into Sales Returns Book.

(ii) Kajol returned goods worth Rs 2,000, entered into Purchase Returns Book.

(iii) A credit purchase of Rs 3,000 from Ravina was recorded through Purchase Returns Book.

(iv) Goods worth Rs 1,160 returned to Karishma, were recorded in Purchase Book as Rs 1,106.

Rectify the following errors.

(i) Sales book overcast by Rs. 700.

(ii) Purchase book overcast by Rs. 500.

(iii) Sales return book overcast by Rs. 300.

(iv) Purchase return book overcast by Rs. 200.

(v) Sales book undercast by Rs. 300.

(vi) Purchase book undercast by Rs. 400.

(vii) Return inwards book undercast by Rs. 200.

(viii) Return outwards book undercast by Rs. 100.

Join BYJU'S Learning Program

2017
March 1	Sold to Chandra Light House :−
	50 Tubelights @ ₹ 60 each Less : 20%
	20 Heaters @ ₹120 each Less : 25%
5	Purchased from Charat Ram Electric Co. :−
	25 Table Fans @ ₹ 600 each
	20 Ceiling Fans @ ₹800 each
10	Chaudhary & Sons purchased from us :−
	80 Dozen Bulbs @ ₹ 90 per Dozen
12	Purchased from Ram Lal & Sons one Typewriter for ₹ 6,000 on credit, for office use.
16	Sri Ram & Sons sold to us :−
	10 Electric Irons @ ₹ 180 each less : 10%
20	Chandra Light House returned :−
	5 Tubelights sold on March 1.
22	Sold goods to Jai Bhagwan & Co. for cash ₹ 10,000.
25	Returned to Sri Ram & Sons 2 Electric Irons purchased on March 16.