Question

Prepare Sales book and Purchases book of M/s Deendayal from the following transactions:−

2016
June 7	Purchased from Arora & Co., Nai Sarak
	10 Chairs @ ₹ 200 each
	1 Table for ₹ 600
	Trade discount 10%
June 10	Sold to Sudha Furniture Co., Agra
	2 Almirahs @ ₹ 2,000 each
	Less : 15%
June 12	Sold to Meera Mart for cash
	10 Tables @ ₹ 1,000 each
June 15	Purchased from Hira Lal & Sons for cash
	15 Chairs @ ₹ 350 each
June 16	Purchased from Fateh Chand & Co., Delhi
	5 Chairs @ ₹ 180 each
June 25	Sold to Ravi Sharma, Delhi
	2 Dining Tables @ ₹ 6,000 each
	Less : 10%

Answer 1

Purchases Book
Date	Particulars		L.F.	Details (Rs)	Amount (Rs)
2016
June 07	Arora & Co., Nai Sarak
	10 Chairs @ Rs 200 each			2,000
	1 Table @ Rs 600			600
				2,600
	Less: 10% Trade Discount			260	2,340
June 16	Fateh Chand & Co., Delhi
	5 Chairs @ Rs 180 each			900	900
June 30	Purchases A/c	Dr.			3,240

Note: Purchases book records only the credit purchase of goods, so transaction dated June 15 (being purchase of goods for cash) will not be recorded.

Sales Book
Date	Particulars	L.F.	Details (Rs)	Amount (Rs)
2016
June 10	Sudha Furniture Co., Agra
	2 Almirahs @ Rs 2,000 each		4,000
	Less: 15% Trade Discount		600	3,400
June 25	Ravi Sharma, Delhi
	2 Dining Tables @ Rs 6,000 each		12,000
	Less: 10% Trade Discount		1,200	10,800
June 30	Sales A/c Cr.			14,200

Note: Sales book records only the credit sales of goods, so transaction dated June 12 (being cash sales) will not be recorded.