From the following information prepare the Purchase Book of M /s Raman & Company: (i) Purchased from Sita & Associates on credit: 30 pairs…
CA Foundation · Accounting · MTP · May 2026
From the following information prepare the Purchase Book of M /s Raman & Company: (i) Purchased from Sita & Associates on credit: 30 pairs of black shoes @800 per Pair. 15 pairs of brown shoes @900 per pair Less: Trade Discount @ 20% (ii) Purchased Laptop from M/s. Sameer. Enterprises on credit for 40,000. (iii) Purchased from Bhushan & Company in cash: 15 pairs of black shoes @700 per pair 45 pairs of brown shoes@100 per pair Less: Trade Discount @ 15%
Suggested Answer and Working Notes:
In the Books of M/s Raman & Company Purchases Book Date Particulars L.F. Amount ₹ (i) Sita & Co. 30 pair of black shoes @800 24,000 15 pair of Brown shoes @900 13,500 37,500 Less: 20% trade discount (7,500) 30,000 Note:
Topics: Subsidiary Books
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