Enter the following transactions in the Subsidiary Book of Kamal Traders.
Enter the following transactions in the Subsidiary Book of Kamal Traders.
2018 April.
01. Bought from Suhas goods of Rs.12,000 as per his Invoice No. 41.
04. Purchased from Virat goods of Rs.11,870 less 10% Trade Discount vide Bill No.12.
07. Bought from Kuldip goods of Rs.11,000 less 25% Trade Discount vide Bill No.12.
08. Bought from M/s. Art Furniture Works, Furniture for Rs.13,000 vide Invoice No.84.
12. Sold to Dhiraj goods of Rs.11,500 vide Sales Invoice No.27.
13. Sold to Raja goods of rs.12,780 less 5% Trade Discount, vide Invoice No.88.
21. Sold to Suresh goods of Rs.8,000 less 20% Trade Discount.
23. Dhiraj returned goods of Rs.500 vide our Credit note No.14.
26. Suresh returned goods of Rs.150 [gross] vide our Credit Note No.115.
28. Returned to Suhas goods Rs.1,200 vide our Debit Note No.09.
30. Returned to Virat goods of Rs.1,300 [Gross] vide our Debit Note no.10.
30. Returned to Kuldip goods of Rs.1,100 [Gross] vide our Debit Note No.11.
Solution:
Subsidiary Book
In the books of Kamal Traders
Purchase Book
Date | Particulars | Invoice Inward No. | L.F | Amount |
2018 Apr. 1 | Suhas | 41 |
| 12,000 |
4 | Virat | 12 |
| 10,683 |
7 | Kuldip | 12 |
| 8,250 |
| Total |
|
| 30,933 |
Sales Book
Date | Particulars | Invoice outward No. | L.F | Amount |
2018 Apr. 12 | Dhiraj | 27 |
| 11,500 |
13 | Raja | 88 |
| 12,141 |
21 | Suresh |
|
| 6,400 |
| Total |
|
| 30,041 |
Purchase Return Book
Date | Particulars | Debit Note | L.F | Amount |
2018 Apr. 28 | Suhas | 09 |
| 1,200 |
30 | Virat | 10 |
| 1,170 |
30 | Kuldip | 11 |
| 825 |
| Total |
|
| 3,195 |
Sales Return Book
Date | Particulars | Credit Note | L.F | Amount |
2018Apr. 23 | Dhiraj | 14 |
| 500 |
26 | Suresh | 115 |
| 120 |
| Total |
|
| 620 |
Journal Entry
In the Books of Kamal Traders
Date | Particulars | L.F | Debit | Credit |
2018 Apr 8 | Art Furniture A/c Dr. To Cash A/c [Being Purchased furniture form Art Furniture work] |
| 13,000 |
13,000 |
|
|
| 13,000 | 13,000 |
