Prepare the Purchase Book and Sales Book from the following transactions:

2018

Jan. 1 Bought from M/s. Uma Datt, Mumbai, on credit:

1,000 Ragisters @ ₹ 80 each

50 Reams Paper @ ₹ 250 per ream

Less: Trade Discount 25%

Add: IGST @ 5%

Jan. 2 Sold to Shri Dayal, Bengaluru:

250 Registers @ ₹ 85 each

5 Reams paper @ ₹ 300 per ream

Charged CGST and SGST @ 2.5% each

Jan. 8 Bought from BILT, Delhi:

100 Reams Ruled Paper @ ₹ 600 per ream

Less: Trade Discount 15%

Plus IGST @ 5%

Jan. 12 Sold to Gupta Bros., Delhi:

250 Registers @ ₹ 85 each

50 Reams Ruled Paper @ 700 per ream

Less: Trade Discount 5%, charged IGST @ 5%

Jan. 18 Sold to Ram Saran Das:

20 copies Double Entry Book Keeping @ ₹ 85 each

Jan. 25 Bought from Hari Ram, Delhi:

1,000 pens @ ₹ 10 each

Less: Trade Discount 15%

Plus IGST @ 5%

Jan. 31 Sold to Rishi Kumar, Bengaluru:

300 Registers @ ₹ 90 each

50 Reams Ruled Paper @ ₹ 700 per ream

20 Reams Paper @ ₹ 300 per ream

Trade Discount 10%, charged CGST and SGST @ 2.5% each

Open in App

Solution

Purchases Book of Rahul, Bengaluru

Date

Particulars

Invoice No.

L.F.

Details

Cost

Input

IGST

Total

2018

Jan. 01
M/s Uma Dutt, Mumbai

1,000 Registers @ Rs. 80 each
80,000

50 Reams Paper@ Rs. 250per ream
12,500

92,500

Less: 10% T.D.
23,125

69,375

Add: IGST @ 5%
3,469

72,844

69,375

3,469

72,844

Jan. 08
BILT, Delhi

100 Reams Ruled Paper @ Rs. 600 per ream
60,000

Less: 15% T.D.
9,000

51,000

Add: IGST @ 5%
2,550

53,550

51,000

2,550

53,550

Jan. 25
Hari Ram, Delhi

1,000 Pens @ Rs. 10 each
10,000

Less: 15% T.D.
1,500

8,500

Add: IGST @ 5%
425

8,925

8,500

425

8,925

Jan. 31
1,28,875

6,444

1,35,319

Sales Book of Rahul, Bengaluru

Date

Particulars
Invoice No.
L.F.

Details
(Rs)

Sales Value

(Rs)
Output
IGST
(Rs) Output CGST
(Rs) Output SGST
(Rs) Total
(Rs)

2018

Jan. 02

Shri Dayal, Bengalur

250 Registers @ Rs. 85 each

21,250

5 Reams Paper @ Rs. 300 per ream

1,500

22,750

Add: 2.5% CGST
2.5% SGST

569
569

23,888

22,750
- 569 569 23,888

Jan. 12

M/s.Gupta Bros., Delhi

250 Registers @ Rs. 85 each

21,250

50 Reams Ruled Paper @ Rs. 700 per ream

35,000

56,250

Less: 5% Trade Discount

(2,812)

53,438

Add: 5% IGST 2,672

56,110 53,438 2,672 - - 56,110

Jan. 18

Ram Saran Das

20 copies Double Entry Book Keeping @ Rs. 85 each

1,700

1,700
- - - 1,700

Jan. 31

Rishi Kumar, Bengaluru

300 Registers @ Rs. 90 each 27,000

50 Reams Ruled Paper @ Rs. 700 per ream 35,000

20 Reams Paper @ Rs. 300 per ream 6,000

68,000

Less: 10% Trade Discount 6,800

61,200

Add: 2.5% CGST 1,530

2.5% SGST 1,530

64,260

61,200
- 1,530 1,530 64,260

Jan. 31

1,39,088
2,672 2,099 2,099 1,45,958

Suggest Corrections

Similar questions

Q. 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%

Q. Prepare Purchases and Sales Book from the following transactions of Rahul, Bengaluru:

2019
Jan. 1	Bought from M/s. Uma Datt, Mumbai:
	1,000 Registers @ ₹ 80 each
	50 Reams Paper @ ₹ 250 per ream
	Less: Trade Discount 25%
	Plus: IGST @ 5%
Jan. 2	Sold to Shri Dayal, Bengaluru:
	250 Registers @ ₹ 85 each
	5 Reams paper @ ₹ 300 per ream
	Charged CGST and SGST @ 2.5% each
Jan. 8	Bought from BILT, Delhi:
	100 Reams Ruled Paper @ ₹ 600 per ream
	Less: Trade Discount 15%
	Plus IGST @ 5%
Jan. 12	Sold to Gupta Bros., Delhi:
	250 Registers @ ₹ 85 each
	50 Reams Ruled Paper @ 700 per ream
	Less: Trade Discount 5%, charged IGST @ 5%
Jan. 18	Sold to Ram Saran Das:
	20 copies Double Entry Book Keeping @ ₹ 85 each
Jan. 25	Bought from Hari Ram, Delhi:
	1,000 pens @ ₹ 10 each
	Less: Trade Discount 15%
	Plus IGST @ 5%
Jan. 31	Sold to Rishi Kumar, Bengaluru:
	300 Registers @ ₹ 90 each
	50 Reams Ruled Paper @ ₹ 700 per ream
	20 Reams Paper @ ₹ 300 per ream
	Less: Trade Discount 10%, charged CGST and SGST @ 2.5% each

Q. 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.

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.

Join BYJU'S Learning Program

2018
Jan. 1	Bought from M/s. Uma Datt, Mumbai, on credit:
	1,000 Ragisters @ ₹ 80 each
	50 Reams Paper @ ₹ 250 per ream
	Less: Trade Discount 25%
	Add: IGST @ 5%
Jan. 2	Sold to Shri Dayal, Bengaluru:
	250 Registers @ ₹ 85 each
	5 Reams paper @ ₹ 300 per ream
	Charged CGST and SGST @ 2.5% each
Jan. 8	Bought from BILT, Delhi:
	100 Reams Ruled Paper @ ₹ 600 per ream
	Less: Trade Discount 15%
	Plus IGST @ 5%
Jan. 12	Sold to Gupta Bros., Delhi:
	250 Registers @ ₹ 85 each
	50 Reams Ruled Paper @ 700 per ream
	Less: Trade Discount 5%, charged IGST @ 5%
Jan. 18	Sold to Ram Saran Das:
	20 copies Double Entry Book Keeping @ ₹ 85 each
Jan. 25	Bought from Hari Ram, Delhi:
	1,000 pens @ ₹ 10 each
	Less: Trade Discount 15%
	Plus IGST @ 5%
Jan. 31	Sold to Rishi Kumar, Bengaluru:
	300 Registers @ ₹ 90 each
	50 Reams Ruled Paper @ ₹ 700 per ream
	20 Reams Paper @ ₹ 300 per ream
	Trade Discount 10%, charged CGST and SGST @ 2.5% each

Purchases Book of Rahul, Bengaluru
Date	Particulars	Invoice No.	L.F.	Details	Cost	Input IGST	Total
2018
Jan. 01	M/s Uma Dutt, Mumbai
	1,000 Registers @ Rs. 80 each			80,000
	50 Reams Paper@ Rs. 250per ream			12,500
				92,500
	Less: 10% T.D.			23,125
				69,375
	Add: IGST @ 5%			3,469

				72,844	69,375	3,469	72,844

Jan. 08	BILT, Delhi
	100 Reams Ruled Paper @ Rs. 600 per ream			60,000
	Less: 15% T.D.			9,000
				51,000
	Add: IGST @ 5%			2,550

				53,550	51,000	2,550	53,550
Jan. 25	Hari Ram, Delhi
	1,000 Pens @ Rs. 10 each			10,000
	Less: 15% T.D.			1,500
				8,500
	Add: IGST @ 5%			425
				8,925	8,500	425	8,925
Jan. 31					1,28,875	6,444	1,35,319

Sales Book of Rahul, Bengaluru
Date	Particulars	Invoice No.	L.F.	Details (Rs)	Sales Value (Rs)	Output IGST (Rs)	Output CGST (Rs)	Output SGST (Rs)	Total (Rs)
2018
Jan. 02	Shri Dayal, Bengalur
	250 Registers @ Rs. 85 each			21,250
	5 Reams Paper @ Rs. 300 per ream			1,500
				22,750
	Add: 2.5% CGST 2.5% SGST			569 569
				23,888	22,750	-	569	569	23,888


Jan. 12	M/s.Gupta Bros., Delhi
	250 Registers @ Rs. 85 each			21,250
	50 Reams Ruled Paper @ Rs. 700 per ream			35,000
				56,250
	Less: 5% Trade Discount			(2,812)
				53,438
	Add: 5% IGST			2,672
				56,110	53,438	2,672	-	-	56,110

Jan. 18	Ram Saran Das
	20 copies Double Entry Book Keeping @ Rs. 85 each			1,700
					1,700	-	-	-	1,700
Jan. 31	Rishi Kumar, Bengaluru
	300 Registers @ Rs. 90 each			27,000
	50 Reams Ruled Paper @ Rs. 700 per ream			35,000
	20 Reams Paper @ Rs. 300 per ream			6,000
				68,000
	Less: 10% Trade Discount			6,800
				61,200
	Add: 2.5% CGST			1,530
	2.5% SGST			1,530
				64,260	61,200	-	1,530	1,530	64,260
Jan. 31					1,39,088	2,672	2,099	2,099	1,45,958