wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Record the following transactions in the Purchases Book of Subhash General Stores, Delhi:

2018
May 1 Bought from M/s. Chunni Lal Mam Raj, Delhi:
100 bags of ITC Wheat Atta @ ₹530 per bag
50 bags of Rice Basmati @ ₹500 per bag
Less: Trade Discount @ 10%
CGST and SGST @ 6% each was payable on the purchases
May 3 Bought from M/s. Kanodia Oil Mills, Delhi:
40 tins Oil @ ₹1,500 per tin
20 tins Banaspati Oil @ ₹900 per tin
Less: Trade Discount @ 5%
CGST and SGST @ 6% each was payable on the purchases
May 4 Purchased from M/s. Gupta Bros., Hapur:
25 bags gram @ ₹480 per bag
40 bags oats @ ₹25 per bag
Less: Trade Discount @ 5%

IGST @ 12% was payable on the purchases

Open in App
Solution

Purchases Book
Date
Particulars
Invoice No.
L.F.
Details
Cost
Input
CGST
Input SGST
Input
IGST
Total
May 01
M/s Chunni Lal Mam Raj, Delhi
100 bags of ITC Wheat Atta @ Rs 530 per bag
53,000
50 bags of Rice Basmati @ Rs 500 per bag
25,000
78,000
Less: 10% T.D.
7,800
70,200
Add: CGST @ 6%
4,212
Add: SGST @ 6%
4,212
78,624
70,200
4,212
4,212
78,624
May 03
M/s Kanodia Oil Mills, Delhi
40 tins Oil @ Rs 1,500 per tin
60,000
20 tins Banaspati Oil @ Rs 900 per tin
18,000
78,000
Less: 5% T.D.
3,900
74,100
Add: CGST @ 6%
4,446
Add: SGST @ 6%
4,446
82,992
74,100
4,446
4,446
82,992
May 03
M/s Gupta Bros., Hapur
25 bags gram @ Rs 480 per bag
12,000
40 bags Oats @ Rs 25 per bag
1,000
13,000
Less: 5% T.D.
650
12,350
Add: IGST @ 12%
1,482
13,832
12,350
1,482
13,832
1,56,650
8,658
8,658
1,482
1,75,448

flag
Suggest Corrections
thumbs-up
17
similar_icon
Similar questions
View More
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Discount
MATHEMATICS
Watch in App
Join BYJU'S Learning Program
CrossIcon