Prepare proper subsidiary books and post them to the ledger from the following transactions for the month of February 2017-2017February Rs01Goods sold to Sachin 5-000 04 Purchase from Kushal Traders 2-480 06 Sold goods to Manish Traders 2-10007Sachin returned goods 600 08 to Returns to Kushal Traders 28010Sold Mukesh to 3-3005-200 14 7 Purchased from Kunal Traders 5-200 15 Furniture from Tarun 3-200 purchased17 Bought of Naresh 0 4-060 to20 Return to Kunal Traders 20022 Return inwards from Mukesh 25025024 Purchased goods from Kirit - Co- for list price of 5-700 discount less 10 - trade25 Sold to Shri Chand goods 6-600less 5 - trade discount 26 Sold to Ramesh Brothers 4-00028 Return outwards to Kirit and Co- to 1-000less 10 - trade discount28 Ramesh Brothers returned goods Rs 500 -

Clean Clean false false false EN US X NONE X NONE MicrosoftInternetExplorer4 ...

You visited us 2 times! Enjoying our articles? Unlock Full Access!

Byju's Answer

Standard VII

Mathematics

Discounts

Prepare prope...

Question

Prepare proper subsidiary books and post them to the ledger from the following transactions for the month of February 2017:
2017
February

Rs

01

Goods sold to Sachin

5,000

04

Purchase from Kushal Traders

2,480

06

Sold goods to Manish Traders

2,100

07

Sachin returned goods

600

08

Returns to Kushal Traders

280

10

Sold to Mukesh

3,300

14

Purchased from Kunal Traders

5,200

15

Furniture purchased from Tarun

3,200

17

Bought of Naresh

4,060

20

Return to Kunal Traders

200

22

Return inwards from Mukesh

250

24

Purchased goods from Kirit & Co. for list price of

5,700

less 10% trade discount

25

Sold to Shri Chand goods

6,600

less 5% trade discount

26

Sold to Ramesh Brothers

4,000

28

Return outwards to Kirit and Co.

1,000

less 10% trade discount

28

Ramesh Brothers returned goods Rs 500.

Open in App

Solution

Journal

Purchases Book

Date

Name of Supplier

(Accounts to be credited)

Invoice

No.

L.F.

Amount

(₹)

2017

Feb.04

Kushal Traders

2,480

Feb.14

Kunal Traders

5,200

Feb.17

Naresh

4,060

Feb.24

Kirit and Co.

Less: Trade Discount 10%

5,130

Purchases Account

16,870

Sales Book

Date

Name of Customer

(Accounts to be debited)

Invoice

No.

L.F.

Amount

(₹)

2017

Feb. 01

Sachin

5,000

Feb.06

Manish Traders

2,100

Feb.10

Mukesh

3,300

Feb.25

Shri Chand

Less: 5% Trade Discount

6,270

Feb.26

Ramesh Brothers

4,000

Sales Account

20,670

Sales Return Book

Date

Name of Customer

(Accounts to be credited)

Credit

Note

L.F.

Amount

(₹)

2017

Feb.07

Sachin

600

Feb.22

Mukesh

250

Feb.28

Ramesh Brothers

500

Sales Return Account

1,350

Purchases Return Book

Date

Name of Supplier

(Accounts to be debited)

Debit

Note

L.F.

Amount

(₹)

2017

Feb.08

Kushal Traders

280

Feb.20

Kunal Traders

200

Feb.28

Kirit and Co.

Less: 10% Trade Discount

900

Purchases Return A/c

1,380

Journal Proper

Date

Particulars

L.F.

Debit

Amount

(₹)

Credit

Amount

(₹)

2017

Feb.15

Furniture A/c

Dr.

3,200

To Tarun

3,200

(Furniture purchased from Tarun)

Ledger

Purchases Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(₹)

Date

Particulars

J.F.

Amount

(₹)

2017

2017

Feb.28

Sundries as per Purchases

Book

16,870

Feb.28

Balance c/d

16,870

16,870

16,870

Sales Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(₹)

Date

Particulars

J.F.

Amount

(₹)

2017

2017

Feb.28

Sundries as per Sales Book

20,670

Feb.28

Balance c/d

20,670

20,670

20,670

Sales Return Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(₹)

Date

Particulars

J.F.

Amount

(₹)

2017

2017

Feb.28

Sundries as per Sales Return Book

1,350

Feb.28

Balance c/d

1,350

1,350

1,350

Purchases Return Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(₹)

Date

Particulars

J.F.

Amount

(₹)

2017

2017

Feb.28

Sundries as per Purchases Return Book

1,380

Feb.28

Balance c/d

1,380

1,380

1,380

Sachin’s Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(₹)

Date

Particulars

J.F.

Amount

(₹)

2017

2017

Feb.01

Sales

5,000

Feb.07

Sales Return

600

Feb.28

Balance c/d

4,400

5,000

5,000

Kushal Traders’ Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(₹)

Date

Particulars

J.F.

Amount

(₹)

2017

2017

Feb.08

Purchases Return

280

Feb.04

Purchases

2,480

Feb.28

Balance c/d

2,200

2,480

2,480

Manish Traders’ Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(₹)

Date

Particulars

J.F.

Amount

(₹)

2017

2017

Feb.06

Sales

2,100

Feb.28

Balance c/d

2,100

2,100

2,100

Mukesh’s Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(₹)

Date

Particulars

J.F.

Amount

(₹)

2017

2017

Feb.10

Sales

3,300

Feb.22

Sales Return

250

Feb.28

Balance c/d

3,050

3,300

3,300

Kunal Traders’ Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(₹)

Date

Particulars

J.F.

Amount

(₹)

2017

2017

Feb.20

Purchase Return

200

Feb.14

Purchases

5,200

Feb.28

Balance c/d

5,000

5,200

5,200

Furniture Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(₹)

Date

Particulars

J.F.

Amount

(₹)

2017

2017

Feb.15

Tarun

3,200

Feb.28

Balance c/d

3,200

3,200

3,200

Tarun’s Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(₹)

Date

Particulars

J.F.

Amount

(₹)

2017

2017

Feb.15

Furniture

3,200

Feb.28

Balance c/d

3,200

3,200

3,200

Naresh’s Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(₹)

Date

Particulars

J.F.

Amount

(₹)

2017

2017

Feb.17

Purchases

4,060

Feb.28

Balance c/d

4,060

4,060

4,060

Kirit & Co. Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(₹)

Date

Particulars

J.F.

Amount

(₹)

2017

2017

Feb.28

Purchases Return

900

Feb.24

Purchases

5,130

Feb.28

Balance c/d

4,230

5,130

5,130

Shri Chand & Co. Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(₹)

Date

Particulars

J.F.

Amount

(₹)

2017

2017

Feb.25

Sales

6,270

Feb.28

Balance c/d

6,270

6,270

6,270

Ramesh’s Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(₹)

Date

Particulars

J.F.

Amount

(₹)

2017

2017

Feb.26

Sales

4,000

Feb.28

Sales Return

500

Feb.28

Balance c/d

3,500

4,000

4,000

Suggest Corrections

Similar questions

Prepare Proper subsidiary books and post them to the ledger from the following transactions for the month of February 2011

$\begin{matrix} Rs 1 & Goods sold to Sachin & 5, 000 4 & Purchase from Kushal Traders & 2, 480 6 & Sold goods to Manish Traders & 2, 100 7 & Sachin returned goods & 600 8 & Return to Kushal Traders & 280 10 & Sold to Mukesh & 3, 300 14 & Purchased from Kunal Traders & 5, 200 15 & Furniture purchased from Tarun & 3, 200 17 & Bought from Naresh & 4, 060 20 & Return to Kunal Traders & 200 22 & Return to inwards from Mukesh & 250 24 & purchased goods from Kirit & Co for list price & 5, 700 less 10 % trade discount 25 & Sold to Shri Chand goods & 6, 600 less 5 % trade discount 26 & Sold to Ramesh Brothers & 4, 000 28 & Return outwards to Kirit & Co less % trade discount & 1, 000 28 & Ramesh Brothers returned goods & 500 \end{matrix}$

Prepare a purchases return (journal) book from the following transactions for April 2017.

		Rs
05	Returned goods to M/s Kartik Traders	1,200
10	Goods returned to Sahil Pvt. Ltd.	2,500
17	Goods returned to M/s Kohinoor Traders for list price Rs 2,000 less 10% trade discount.
28	Return outwards to M/s Handa Traders	550

Enter the following transactions of M/s Ketan in Purchase Book, Sales Book, Purchase Returns Book and Sales Returns Book.

2011 March
1	Sold goods to Sudha Stores Rs 29,000 at 10% trade discount.
3	Purchased goods from Meghdoot Traders Rs 37,350 and paid carriage Rs 150.
6	Sudha Stores returned goods of Rs 3,220 (Net).
10	Cash purchases Rs 18,600 and Cash Sales Rs 61,000.
13	Jayesh invoiced goods to us as per our order placed on 28th Feb. 2011 Rs 27,000.
17	Sold goods worth Rs 33,400 to Nandini at 10% trade discount.
20	Returned goods to Jayesh Rs 2,850 as they were defective.
22	Credit purchases from Micky Traders Rs 19,450 and they allowed a trade discount of Rs 150.
23	Nandini returned goods of Rs 1,900 (Gross) as they were damaged.
26	Purchased office furniture on credit from Suhani Furniture Mart Rs 55,000.
29	Purchased goods from Garima Stores for Rs 8,000 and sold the same to Anita at 25% profit on cost.
31	Sent a debit note to Micky Traders for Rs 3,200

Enter the following transactions in the Purchase Book, Sales Book, Purchase Returns Book and Sales Returns Book of Abhishek and Co. for the month of January, 2011.

2011 Jan.
1	Purchased goods from Raj Traders Rs 16,400 at 10% trade discount.
3	Preeti enterprises invoiced goods to us Rs 17,250.
6	Sold goods to Vinita Stores Rs 19,000 at 5% trade discount.
9	Mitesh Associates invoiced goods to us Rs 17,000 at 2^½trade discount.
12	Returned goods to Raj traders Rs 1,650 (Net).
15	Vinita Traders returned goods to us as they were damaged in transit Rs 4,000 (Gross).
18	Returned goods to Preeti Rs 2,550
23	Placed an order with Novel Stores for goods worth Rs 29,000.
25	Novel Stores supplied goods worth Rs 19,000 only
26	Returned goods to Novel Stores as they were not as per specification Rs 2,550.
28	Sold goods to Deepika Rs 24,000 at 8% trade discount.
30	Deepika returned goods of Rs 4,000 (Gross).

Q. Prepare Return Inward Journal (Book) from the following transactions of M/s Bansal Electronics for July 2017:
2017
July

		Rs
04	M/s Gupta Traders returned the goods	1,500
10	Goods returned from M/s Harish Traders	800
18	M/s Rahul Traders returned the goods not as per specifications	1,200
28	Goods returned from Sushil Traders	1,000

Join BYJU'S Learning Program

Ledger
Purchases Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
Feb.28	Sundries as per Purchases Book		16,870
				Feb.28	Balance c/d		16,870

			16,870				16,870

Sales Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
				Feb.28	Sundries as per Sales Book		20,670
Feb.28	Balance c/d		20,670
			20,670				20,670

Sales Return Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
Feb.28	Sundries as per Sales Return Book		1,350
				Feb.28	Balance c/d		1,350

			1,350				1,350

Purchases Return Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
				Feb.28	Sundries as per Purchases Return Book		1,380
Feb.28	Balance c/d		1,380
			1,380				1,380

Manish Traders’ Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
Feb.06	Sales		2,100
				Feb.28	Balance c/d		2,100
			2,100				2,100

		Rs
01	Goods sold to Sachin	5,000
04	Purchase from Kushal Traders	2,480
06	Sold goods to Manish Traders	2,100
07	Sachin returned goods	600
08	Returns to Kushal Traders	280
10	Sold to Mukesh	3,300
14	Purchased from Kunal Traders	5,200
15	Furniture purchased from Tarun	3,200
17	Bought of Naresh	4,060
20	Return to Kunal Traders	200
22	Return inwards from Mukesh	250
24	Purchased goods from Kirit & Co. for list price of	5,700
	less 10% trade discount
25	Sold to Shri Chand goods	6,600
	less 5% trade discount
26	Sold to Ramesh Brothers	4,000
28	Return outwards to Kirit and Co.	1,000
	less 10% trade discount
28	Ramesh Brothers returned goods Rs 500.

Journal
Purchases Book
Date	Name of Supplier (Accounts to be credited)	Invoice No.	L.F.	Amount (₹)
2017
Feb.04	Kushal Traders			2,480
Feb.14	Kunal Traders			5,200
Feb.17	Naresh			4,060
Feb.24	Kirit and Co.
	Less: Trade Discount 10%			5,130

	Purchases Account			16,870

Sales Book
Date	Name of Customer (Accounts to be debited)	Invoice No.	L.F.	Amount (₹)
2017
Feb. 01	Sachin			5,000
Feb.06	Manish Traders			2,100
Feb.10	Mukesh			3,300
Feb.25	Shri Chand
	Less: 5% Trade Discount			6,270
Feb.26	Ramesh Brothers			4,000

	Sales Account			20,670

Sales Return Book
Date	Name of Customer (Accounts to be credited)	Credit Note	L.F.	Amount (₹)
2017
Feb.07	Sachin			600
Feb.22	Mukesh			250
Feb.28	Ramesh Brothers			500

	Sales Return Account			1,350

Purchases Return Book
Date	Name of Supplier (Accounts to be debited)	Debit Note	L.F.	Amount (₹)
2017
Feb.08	Kushal Traders			280
Feb.20	Kunal Traders			200
Feb.28	Kirit and Co.
	Less: 10% Trade Discount			900

	Purchases Return A/c			1,380

Journal Proper
Date			Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
2017
Feb.15	Furniture A/c			Dr.		3,200
		To Tarun					3,200
	(Furniture purchased from Tarun)

Sachin’s Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
Feb.01	Sales		5,000	Feb.07	Sales Return		600
				Feb.28	Balance c/d		4,400

			5,000				5,000

Kushal Traders’ Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
Feb.08	Purchases Return		280	Feb.04	Purchases		2,480
Feb.28	Balance c/d		2,200

			2,480				2,480

Mukesh’s Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
Feb.10	Sales		3,300	Feb.22	Sales Return		250
				Feb.28	Balance c/d		3,050
			3,300				3,300

Kunal Traders’ Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
Feb.20	Purchase Return		200	Feb.14	Purchases		5,200
Feb.28	Balance c/d		5,000
			5,200				5,200

Furniture Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
Feb.15	Tarun		3,200
				Feb.28	Balance c/d		3,200
			3,200				3,200

Tarun’s Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
				Feb.15	Furniture		3,200
Feb.28	Balance c/d		3,200
			3,200				3,200

Naresh’s Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
				Feb.17	Purchases		4,060
Feb.28	Balance c/d		4,060
			4,060				4,060

Kirit & Co. Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
Feb.28	Purchases Return		900	Feb.24	Purchases		5,130
Feb.28	Balance c/d		4,230
			5,130				5,130

Shri Chand & Co. Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
Feb.25	Sales		6,270
				Feb.28	Balance c/d		6,270
			6,270				6,270

Ramesh’s Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
Feb.26	Sales		4,000	Feb.28	Sales Return		500
				Feb.28	Balance c/d		3,500
			4,000				4,000