Section-A Theory
1.
Name the books of original entry where the following
transaction will be recorded with the reasons thereof:
(i)Goods purchased from Ram Lal for Rs. 5000 on credit
(ii)Provision for doubtful debts created 5% on debtors amounting to
Rs.10,000.
(iii)Defective goods sold to Babita on credit worth Rs.4000 were returned
by her.
(iv)Purchased furniture on credit from mr. Ratan for Rs.11,000 to be used
in the business.
2.
Give two examples of entries which appear in a journal proper.
3.
What is an opening entry.
4.
Is it correct to say, purchase book is a record prepared for the invoics
received from suppliers.
5.
What kind of transactions find place in Sales Book?
Section-B Practical
6.
Enter the following transactions in the purchase journal of M/S Ram
traders of July,2015.
July 1 Bought from Sham Traders as
per invoice no.20122
80 ball pens @ Rs.20
each
50 gel pens @ Rs.15 each
Trade discount 10%
July 15 Bought from Global Stationers as per invoice no. 30012
40 ink pads @ Rs. 8 each
50 files @ Rs.10 each
20 colour books @ Rs.20
each
Trade discount 5%
July 23
Purchased from Rama furnitures
2 chairs @ Rs.600 each
1 table @ Rs. 1,000 each
July 25
Bought from Mumbai Traders as per invoice no.1111
100 paper rim@ Rs. 100 per rim
400 drawing sheets @ Rs.3 each
7. Prepare a purchase return book for
the following transactions for January,2015.
2015
|
Jan5
|
Return
goods to M/s Ram Traders
|
1200
|
|
Jan 10
|
Goods
returned to sahil Pvt ltd
|
2500
|
|
Jan 17
|
Goods
returned to M/s Kohinoor Traders for list price Rs.2000 less 10% trade
discount
|
|
|
Jan 28
|
Return
outwards to M/s Mamta Traders
|
550
|
8. Following transactions of M/s
Chandra for the month of June 2015. Prepare their sales book.
2015
June 5 Sold to MI/s Parth on credit
40 shirts@ Rs.200 each
15 trousers @ Rs.400
each
Less trade discount @10%
June 10 Sold old furniture to M/s Singhal on credit Rs.10,000
June 20 sold 50 shirts on credit to M/S Rahul @ Rs.200 each
June 23 Sold on creditto M/S Ravi
100 shirts @ Rs.325 each
10 overcoats @ Rs700
each
Less trade discount@ 10%
9. Prepare return inward book from the following transactions of M/S
Ramesh electronics for Jan,2015
2015
Jan 4 M/S Chawla returned the goods 1500
Jan 10 Goods returned
from M/S Ravish 800
Jan 14 M/S Swayam
Traders returned the
Goods not as per specifications 1200
Jan 28 Goods returned from Sunil Pal 1200
10. Record the following transactions in the
journal proper of ‘Rohan Sabharwal ’.
2015
Feb 11 An old
machinery was sold to Raj for Rs.25,000 on credit
Feb 18 Anil who owed us Rs.21,000 was declare insolvent. A final
sum of Rs.4000 was received.
Feb 21 Goods worth Rs.12000 were destroyed by fire
Feb 22 Insurance company admitted a fire insurance claim of
Rs.10000
Feb 25 Proprietor withdrew for personal use, cash Rs.10,000
Goods
rs.5000.
11. From the following information,
prepare necessary subsidiary books of M/S Ram Lal:
2015
|
Feb 1
|
Goods sold to Sen
|
10,000
|
|
Feb4
|
Purchases from Kamal
|
4960
|
|
Feb 6
|
Sold to Manas
|
4200
|
|
Feb 7
|
Sen returned goods
|
1200
|
|
Feb 8
|
Returns to Kamal
|
560
|
|
Feb 10
|
Sold to Mohan
|
6600
|
|
Feb 14
|
Purchased from Ram
|
10400
|
|
Feb 17
|
Bought from Rakesh
|
8120
|
|
Feb 20
|
Return to Ram
|
400
|
|
Feb 22
|
Return Inwards from Mohan
|
500
|
|
Feb 24
|
Purchased
goods from Kirti
-
Trade discount@
10%
|
11,400
|
|
Feb 25
|
Sold to Chand
-
5% trade
discount
|
13,200
|
|
Feb 26
|
Sold to Vinod
|
7,000
|
|
Feb 28
|
Return outwards to Kirti
|
2,000
|
|
Feb 28
|
Return from Vinod
|
1,000
|
12.Prepare
the sales book and purchases book of Mr. Sham Lal from the following
transactions:
2015
June 7 Purchased from Arora
10 chairs @ Rs.200 each
1 table @ Rs.600
Trade discount 10%
June 10 Sold to Sunidhi Furnitures
1 Almirah @ Rs.2000
(-) 15% trade discount
June 12 Sold to Meera Mart for cash
10 tables@ Rs.1000
June 15 Purchased from Hira Lal for cash
15 chairs@ Rs.350
June 25 Sold to Ravi Shankar, Nagpur
2 dining tables 2
Rs.6000 each
(-) 10 % trade discount
13. Enter
the following transactions in proper subsidiary books of Ram Khanna:
|
Date
|
Particulars
|
Amount(Rs.)
|
|
Jan 1
|
Sold goods to Ramesh
|
21,000
|
|
Jan 1
|
Bought of Hari Ram
|
31,200
|
|
Jan 2
|
Ramesh returned goods
|
3,000
|
|
Jan 2
|
Sold to Dina Nath
|
22,000
|
|
Jan 4
|
Purchsed goods from Mangal
|
28,000
|
|
Jan 4
|
Returned goods to Mangal
|
4,000
|
|
Jan 4
|
Bought of Devi Dengal
|
13,000
|
|
Jan 4
|
Sold to Zakir Hussain
|
14,000
|
|
Jan 5
|
Zakir Husain returned goods
|
1,800
|
|
Jan 6
|
Sold to Ram Saran
|
20,000
|
|
Jan 6
|
Sold to Ram Saran
|
12,000
|
|
Jan 7
|
Ram Saran returned goods
|
2,000
|
|
Jan 7
|
Bought of Devi Dayal
|
28,000
|
|
Jan 8
|
Returned goods to Devi Dayal
|
3,000
|
|
Jan 9
|
Purchased goods from Raghu Nath
subject to a trade discount of 10%
|
40,000
|
|
Jan 10
|
Sold to Raja Ram goods subject to
trade discount of 5%
|
20,000
|
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