10. Name the books of original entry where the following transactions will be (a) Goods Purchased from Ram Lal ₹5,000 on credit. (b) Provision for doubtful debts created @5% on debtors with book value of ₹10,000 (c) Defective goods sold to Babita on credit worth ₹4,000 were returned by her. (d) Purchased furniture on credit … Read more
9. Record the following transactions of Keshav Bros. in the proper books: 2023 Jan. 1 Assets: Cash in hand ₹8,500; Cash at Bank ₹1,40,000; Stock of goods ₹2,20,000; Due from Manohar Lal ₹30,000 and Deep Chand ₹24,000; Furniture and Equipment ₹3,00,000, Liabilities: Due to Sunil ₹15,000. 2 Withdrawn from bank ₹20,000. 4 Paid salaries ₹22,000. … Read more
8. Enter the following transactions in the Journal Proper’ of Karuna Stores: 2023 March 1 Purchased furniture on credit from Kuber Furniture Store for ₹15,000. March 5 Goods for ₹6,000 given away as charity. March 12 Goods worth ₹8,000 and Cash ₹4,000 were stolen by an employee. March 15 Arun who owed us ₹20,000 was … Read more
7. Prepare Returns Inward and Returns Outward Books from the following in the books of Modern Shoes, Kolkata (West Bengal) assuming CGST @ 6% and SGST @ 6% 2023 January 3 Returned to Bata Shoe Co., Kolkata 50 pairs of Chappals being not up to the approved sample @ ₹600 per pair Less: Trade Discount … Read more
6. Enter the following transactions in the Returns Inward Book of Anand Cloth House, Ajmal Khan Road, Mathura (U.P.) assuming CGST @ 2.5% and SGST @ 2.5%: October 3 Chakravarti & Co. Jaipur (Rajasthan), returned to us being not according to sample: 50 Meter Cotton Cloth @ ₹200 per Meter 30 Meter Silk Cloth @ … Read more
5. Write up Return Outward Book of Malthotra & Co., Bhiwani (Haryana) from the following transactions assuming CGST @ 6% and SGST @ 6% 2022 August 4 Returned to Saraswati House, Bhiwani 25 Chairs @ ₹1,800 per Chair, being not of specified quality. Trade Discount 10% 12 Sent back one Dining Table to Navneet Enterprise, … Read more
4. Record the following transactions in the Sales Book of M/s Ajanta Electronics, Ranchi (Jharkhand) assuming CCGST @ 9% and SGST @ 9%: 2023 March 1 Sold to Vandna Electronics, Kolkata (West Bengal) Vide Invoice No. 125 50 Musical Alarm Clocks @ ₹800 each 40 Wall Clocks @ ₹500 each Trade Discount 20% 10 Sold … Read more
3. Record the following transactions in the Sales Book of Ganesh & Co. of Jaipur (Rajasthan), who deal in Furniture. Assume CGST @ 6% and SGST @ 6% 2022 June 4 Sold to Gupta Furniture House, Agra (U.P.) 120 Chairs @ ₹2,500 per Chair 25 Tables @ ₹8,000 per Table Less: 5% 8 Sold to … Read more
2. M/s Ram Narain & Sons of Kerala, who are dealers in readymade garments, purchased the following 2022 May 2 Purchased from Fashion House, Mumbai (Maharashtra):- 100 Shirts @ ₹1,800 per Shirt 75 T-shirts @ ₹1,600 per piece Less: Trade Discount 20%; and freight charges payable ₹10,000. 10 Purchased from Appolo Garments, Kerala:- 65 Shirts … Read more
1. Prepare a Purchase Book in the books of M/s Modern Furniture House, Lucknow (U.P) from the following transactions assuming CGST @ 6% and SGST @ 6% 2022 June 5 Bought from Mohan Lal & Co., Kanpur (U.P): 20 Godrej Chairs @ ₹2,000 each 5 Godrej Tables @ ₹6,000 each Trade Discount 20% 10 Purchased … Read more