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Question

Prepare a Purchase Book in the books of M/s Modern Furniture House, Lucknow (U.P) from the following transactions assuming CGST @ 6% and SGST @ 6% :-
2017
June 5 Bought from Mohan Lal & Co., Kanpur (U.P) :-
20 Godrej Chairs @ ₹ 2,000 each
5 Godrej Tables @ ₹ 6,000 each
Trade Discount 20%
10 Purchased from Bharat Bhushan & Sons, Varanasi (U.P) :-
5 Almirahs @ ₹ 12,000 each
2 Revolving Chairs @ ₹ 20,000 each
Trade Discount 10%
14 Purchased from Surya Traders, Lucknow (U.P)
80 Desks @ ₹ 2,500 each
10 Sofa Sets @ ₹ 20,000 each
Trade Discount @ 15%
20 Purchased for cash from Gopi Chand Haldi Ram, Delhi :-
4 Tables @ ₹ 5,000 each
25 Bought Furniture for office use from New Furniture House, Faridabad on Credit :
5 Chairs @ ₹ 2,500 per Chair.
2 Tables @ ₹ 5,000 per Table.

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Solution

Purchases Book

Date

Particulars

Invoice No.

L.F.

Details

Cost

Input

CGST

Input SGST

Total

June 05

Mohan Lal & Company, Kanpur

20 Godrej Chairs @ ₹ 2,000 each

40,000

5 Godrej Tables @ ₹ 6,000 each

30,000

70,000

Less: 20% T.D.

14,000

56,000

Add: CGST @ 6%

3,360

Add: SGST @ 6%

3,360

62,720

56,000

3,360

3,360

62,720

June 10

Bharat Bhushan & Sons, Varanasi

5 Almirahs @ ₹ 12,000 each

60,000

2 Revolving Chairs @ ₹ 20,000 each

40,000

1,00,000

Less: 10% T.D.

10,000

90,000

Add: CGST @ 6%

5,400

Add: SGST @ 6%

5,400

1,00,800

90,000

5,400

5,400

1,00,800

June 14

Surya Traders, Lucknow

80 Desks @ ₹ 2,500 each

2,00,000

10 Sofa Sets @ ₹ 20,000 each

2,00,000

4,00,000

Less: 15% T.D.

60,000

3,40,000

Add: CGST @ 6%

20,400

Add: SGST @ 6%

20,400

3,80,800

3,40,000

20,400

20,400

3,80,800

4,86,000

29,160

29,160

5,44,320


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