Record the following transactions in the purchase book: 2 nd December, 2024 Purchased from Gupta & Co. on credit 100 plates @150 per plate 500…

CA Foundation · Accounting · PYQS · September 2025
Record the following transactions in the purchase book: 2 nd December, 2024 Purchased from Gupta & Co. on credit 100 plates @150 per plate 500 small bowls @50 per bowl Less: Trade discount @10% Packing charges @2 per plate and 1 per bowl 6 th December, 2024 Purchased a furniture for shop from M/s Plywood Co. on credit for 15,000/- 8 th December, 2024 Purchased on credit from M/s Ajanta & Co. 50 Boxes of spoon@200 per box 40 boxes of Fork@250 per box Less: Trade Discount @8% 15 th December, 2024 Purchased for cash from Steel House 40 big bowl @70/- per bowl 27 th December, 2024 Purchased one dozen cookers @750 each from M/s Verma & Sons on credit

Suggested Answer and Working Notes:

Purchases Book Date Particulars Details Amount Amount 2024 ₹ ₹ 2 nd Dec M/s. Gupta & Co. 100 Plates @150 per plate 15,000 500 small bowls @50 per bowl 25,000 40,000 Less:10% trade discount (4, 000) 36,000 Add: Packing charges @2 for100plates and1for500bowls 700 36,700 8 th Dec M/s Ajanta & Co. 50 Boxes spoons @200 per box 10,000 40 Boxes Fork @250 per box 10,000 20,000 Less:8% trade discount (1, 600) 18,400 27 th Dec M/s. Verma & Sons 1 doz. Cookers @750 9,000 9,000 Total 64,100 Note : 1. Purchases in cash is recorded through Cash Book. 2. Purchase of furniture being fixed asset will be recorded through Journal.

Topics: Subsidiary Books

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