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Standard VII
Mathematics
Discounts
From the foll...
Question

From the following information of Kamal, Guwahati, prepare a Purchases Book and post them into Ledger:
2018
April 1 Purchased from Videocon India Ltd., Kolkata;
30 Colour T.Vs @ ₹ 15,000 each, less Trade Discount @ 10% plus IGST @ 12%. Freight charges ₹ 2,000.
April 15 Purchased from Sony India Ltd., Guwahati:
10 colour T.Vs @ ₹ 20,000 each less Trade Discount @ 10% plus CGST and SGST @ 6% each.
April 20 Purchased from Music India Ltd., Delhi:
10 music systems @ ₹ 10,000 each less Trade Discount @ 15% plus IGST @ 12%.
April 30 Purchased from Videocon India Ltd., Kolkata:
5 washing machine @ ₹ 15,000 each less Trade Discount @ 20%, plus IGST @ 12%, Freight charges ₹ 1,000.

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Solution

Purchases Book of Kamal, Guwahati
Date
Particulars
Invoice No.
L.F.
Details
Cost
Input
CGST
Input SGST
Input
IGST
 Freight
Charges
Total
2018
April 01
Videocon India Ltd., Kolkata
30 Color T.Vs. @ Rs.15,000 each
4,50,000
Less: 10% T.D.
45,000
4,05,000
Add:IGST @ 12%
48,600
Add:Freight Charges 2,000
4,55,600
4,05,000
 – –
48,600
 2,000
4,55,600
April 15
 Sony India Ltd., Guwahati
10 Color T.Vs. @ Rs.20,000 each
2,00,000
Less: 10% T.D.
20,000
1,80,000
Add: CGST @ 6%
10,800
Add: SGST @ 6%
10,800
2,01,600
1,80,000
10,800
10,800
–
 –
2,01,600
April 20 Music India Ltd., Delhi
10 Music Systems @ Rs.10,000 each 1,00,000
Less: 15% T.D. 15,000
85,000
Add: IGST @ 12% 10,200
95,200 85,000 – – 10,200 95,200
April 30
 Videocon India Ltd., Kolkata
5 Washing Machines @ 15,000 each
75,000
Less: 20% T.D.
15,000
60,000
Add: IGST @ 12% 7,200
Add: Freight Charges
1,000
68,200
60,000
–
7,200
 1,000
68,200
April 30 7,30,000 10,800 10,800 66,000 3,000 8,20,600
Purchases Account
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
2018
April 30 Sundries of Purchases as per
Purchases Book for the month of April
7,30,000
Freight Account
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
2018
April 01 Videocon India Ltd.
2,000
April 30 Videocon India Ltd.
1,000
Videcon India Ltd.
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
2018
April 01 Purchases
4,05,000
April 01 Input IGST 48,600
April 01 Freight 2,000
April 30 Purchases 60,000
April 30 Input IGST 7,200
April 30 Freight
1,000
Soni India Ltd.
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
2018
April 15
 Purchases
1,80,000
April 15 Input CGST 10,800
April 15
 Input SGST
10,800
Music India Ltd.
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
2018
April 20
 Purchases
85,000
April 20
 Input IGST
10,200
Input IGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
2017
April 01
 Videocon India Ltd.
48,600
April 20 Music India Ltd. 10,200
April 30 Videocon India Ltd. 7,200
Input CGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
2018
April 15 Sony India Ltd. 10,800
Input SGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
2018
April 15
 Sony India Ltd.
10,800
Input IGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
2017
April 01
 Videocon India Ltd.
48,600
April 20 Music India Ltd. 10,200
April 30
 Videocon India Ltd.
7,200

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Q. From the following transactions of Kamal, Guwahati, prepare Purchases Book and post into Ledger:
2019
April 1 Purchased from Videocon India Ltd., Kolkata;
30 Colour T.Vs @ ₹ 15,000 each, less Trade Discount @ 10% plus IGST @ 12%. Freight charges ₹ 2,000.
April 15 Purchased from Sony India Ltd., Guwahati:
10 colour T.Vs @ ₹ 20,000 each less Trade Discount @ 10% plus CGST and SGST @ 6% each.
April 20 Purchased from Music India Ltd., Delhi:
10 music systems @ ₹ 10,000 each less Trade Discount @ 15% plus IGST @ 12%.
April 30 Purchased from Videocon India Ltd., Kolkata:
5 washing machines @ ₹ 15,000 each less Trade Discount @ 20%, plus IGST @ 12%, Freight charges ₹ 1,000.
Q. Prepare Purchases Return Book of Aruna Stores, Kolkata from the following transactions and post them into Ledger:
2018
Jan. 10 Returned to Sohan & Sons, Kolkata:
10 Rohtas fans 36'' @ ₹ 1,250 each
Trade Discount 10%
CGST and SGST was paid @ 6% each
Jan. 25 Returned to Ram & Co., Delhi:
25 Tube-lights @ ₹ 200 each
IGST was paid @ 12%
Q. The following purchases were made by Karam, Kolkata, during the month of April, 2019. Prepare Purchases Book and post into Ledger Accounts:
2019
April 8 Purchased on credit from Subodh Brothers, Delhi:
5 chests of tea @ ₹ 7,000 per chest at a Trade Discount of 10% plus IGST @ 12% and packing and other charges ₹ 500.
April 12
 Purchased in cash 20 boxes of tea @ ₹ 500 per box at a Trade Discount of 10% plus CGST and SGST @ 6% each.
April 18 Purchased from Raj Furnishing House:
3 show cases @ ₹ 7,500 per case at a Trade Discount of 10% plus CGST and SGST @ 6% each.
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 Purchased from Siliguri Tea Agency, Siliguri, West Bengal: 15 boxes of tea @ ₹ 600 per box at a Trade Discount of 10% plus CGST and SGST @ 6% each and packing and other charges ₹ 50.
April 25 Purchased from Darjeeling Tea House, Darjeeling, West Bengal: 5 kgs of Special Green Tea @ ₹ 500 per kg at a Trade Discount of 10% plus CGST and SGST @ 6% each for household consumption of proprietor.
Q. From the following prepare Single Column Cash Book of Suresh, Chennai and post them into ledger accounts:
2019 ₹
April 1 Cash in Hand 6,400
April 3 Received Cash from Anupama 1,00,000
April 4 Paid into Bank 80,000
April 5 Received from Bhumika as commission ₹ 6,000 plus CGST and SGST @ 6% each
April 6 Paid Wages 30,000
April 7 Withdrawn from Bank for expenses 30,000
April 8 Purchased goods from Ashok on credit of ₹ 10,000 plus CGST and SGST @ 6% each
April 9 Cash sales of ₹ 10,000 charged CGST and SGST @ 6% each
April 11 Drew Cash for domestic purposes 10,000
April 12 Purchased furniture for ₹ 4,000 plus CGST and SGST @ 6% each
April 13 Paid to Ruma 1,200
April 14 Paid to Ganguly Brothers for office fan ₹ 1,500 plus CGST and SGST @ 6% each
April 15 Paid own life insurance premium from office cash 800
April 16 Purchased stationery ₹ 1,000 plus CGST and SGST @ 6% each
April 17 Paid office expenses 500
April 18 Remitted to Raman 900
April 19 Paid electricity charges 100
April 20 Received interest from Gupta &Co. 500
April 30 Deposited all cash into bank in excess of 2,000
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2018
April 8 Purchased on credit from Subodh Brothers, Delhi: 5 chests of tea @ ₹ 7,000 per chest at a Trade Discount of 10% plus IGST @ 12% and packing and other charges ₹ 500.
April 12
 Purchased in cash 20 boxes of tea @ ₹ 500 per box at a Trade Discount of 10% plus CGST and SGST @ 6% each.
April 18 Purchased on credit 3 show cases @ ₹ 7,500 per case from Raj Furnishing House at a Trade Discount of 10% plus CGST and SGST @ 6% each.
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 Purchased on credit 15 boxes of tea @ ₹ 600 per box at a Trade Discount of 10% from Siliguri Tea Agency, Siliguri, West Bengal plus CGST and SGST @ 6% each and packing and other charges ₹ 50.
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