Question

Record the following transactions into proper subsidiary books,then close the subsidiary books on January 31 and post them into Ledger:

$\begin{array}{cc}2011& \left(Rs\right)\\ \text{Jan 1}& \text{Purchased goods from Mahendra of the list price of Rs 40,000 less}10\%\text{Trade Discount}.\\ \text{Jan.5}& \text{Sold goods to Moti for Rs 10,000}\\ \text{Jan.6}& \text{Returned goods to Mahendra of list price Rs 5,000}\\ \text{Jan 7}& \text{Shyam Singh sent goods for Rs 30,000.}\\ \text{Jan.8}& \text{Sold goods to Harish for Rs 12,000}.\\ \text{Jan. 19}& \text{Sent goods to Moti for Rs 6,000}\\ \text{Jan.27}& \text{Sold goods to Mahesh for Rs 8,000}\end{array}$

Answer 1

Purchases Book

$\begin{array}{ccccc}\text{Date}& \text{Particulars}& \text{L.F.}& \text{Details}& \text{Amount}\\ 2012& & & & \\ \text{Jan.1}& \text{Mahendra:Goods}& & 40,000& \\ & \underset{–}{\text{Less: Trade discount}}& & \underset{–}{4,000}& 36,000\\ \text{Jan.7}& \text{Shyam Singh}& & 30,000& 30,000\\ \text{Jan.31}& \text{Purchases A/c}\text{Dr.}& & & 66,000\end{array}$

Sales Book

$\begin{array}{cccccc}\text{Date}& \text{Inv.No.}& \text{Particulars}& \text{L.F.}& \text{Details}& \text{Amount}\\ \text{Jan.5}& & \text{Moti}& & 10,000& 10,000\\ \text{Jan.8}& & \text{Marish}& & 12,000& 12,000\\ \text{Jan.19}& & \text{Moti}& & 6,000& 6,000\\ \text{Jan.27}& & \text{Mahesh}& & 8,000& 8,000\\ \text{Jan.31}& & \text{Sales A/c}\text{Cr.}& & & 36,000\end{array}$

Purchases Returns Book

$\begin{array}{cccccc}\text{Date}& \text{Inv.No.}& \text{Particulars}& \text{L.F.}& \text{Details}& \text{Amount}\\ \text{Jan.6}& & \text{Mahendra:}& & & \\ & & \text{Goods}& & 5,000& \\ & & \text{Less: Trade discount}& & 500& 4,500\\ \text{Jan.31}& & \text{Purchases Returns A/c}\text{Cr}& & & 4,500\end{array}$