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s
Q.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%: -
2017
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 from Bharat Bhushan & Sons, Varanasi (U.P) :-
5 Almirahs @ ? 12,000 each
2 Revolving Chairs @ ? 20,000 each
Trade Discount 10%
14 Purchased from Surya Traders, Lucknow (U.P)
80 Desks @ ? 2,500 each
10 Sofa Sets @ ? 20,000 each
Trade Discount @ 15%
20 Purchased for cash from Gopi Chand Haldi Ram, Delhi:-
4 Tables @ ? 5,000 each
25 Bought Furniture for office use from New Furniture House, Faridabad on Credit:
5 Chairs @ ? 2,500 per Chair.
2 Tables @ ? 5,000 per Table.
The solution for this question is as follows:
Page 2
s
Q.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%: -
2017
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 from Bharat Bhushan & Sons, Varanasi (U.P) :-
5 Almirahs @ ? 12,000 each
2 Revolving Chairs @ ? 20,000 each
Trade Discount 10%
14 Purchased from Surya Traders, Lucknow (U.P)
80 Desks @ ? 2,500 each
10 Sofa Sets @ ? 20,000 each
Trade Discount @ 15%
20 Purchased for cash from Gopi Chand Haldi Ram, Delhi:-
4 Tables @ ? 5,000 each
25 Bought Furniture for office use from New Furniture House, Faridabad on Credit:
5 Chairs @ ? 2,500 per Chair.
2 Tables @ ? 5,000 per Table.
The solution for this question is as follows:
Books
s
Purchases Book
Date
June
Particulars Invoice
No.
L.F. Details Cost Input
CGST
Input
SGST
Total
5 Mohan Lal & Company,
Kanpur
20 Godrej Chairs @ ?
2,000 each
40,000
5 Godrej Tables @ ?
6,000 each
30,000
70,000
Less: 20% T.D.
14,000
56,000
Add: CGST @ 6%
3,360
Add: SGST @ 6%
3,360
62,720 56,000 3,360 3,360 62,720
10 Bharat Bhushan & Sons,
Varanasi
5 Almirahs @ ? 12,000
each
60,000
2 Revolving Chairs @ ?
20,000 each
40,000
1,00,000
Less: 10% T.D.
10,000
90,000
Add: CGST @ 6%
5,400
Add: SGST @ 6%
5,400
1,00,800 90,000 5,400 5,400 1,00,800
14 Surya Traders, Lucknow
Page 3
s
Q.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%: -
2017
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 from Bharat Bhushan & Sons, Varanasi (U.P) :-
5 Almirahs @ ? 12,000 each
2 Revolving Chairs @ ? 20,000 each
Trade Discount 10%
14 Purchased from Surya Traders, Lucknow (U.P)
80 Desks @ ? 2,500 each
10 Sofa Sets @ ? 20,000 each
Trade Discount @ 15%
20 Purchased for cash from Gopi Chand Haldi Ram, Delhi:-
4 Tables @ ? 5,000 each
25 Bought Furniture for office use from New Furniture House, Faridabad on Credit:
5 Chairs @ ? 2,500 per Chair.
2 Tables @ ? 5,000 per Table.
The solution for this question is as follows:
Books
s
Purchases Book
Date
June
Particulars Invoice
No.
L.F. Details Cost Input
CGST
Input
SGST
Total
5 Mohan Lal & Company,
Kanpur
20 Godrej Chairs @ ?
2,000 each
40,000
5 Godrej Tables @ ?
6,000 each
30,000
70,000
Less: 20% T.D.
14,000
56,000
Add: CGST @ 6%
3,360
Add: SGST @ 6%
3,360
62,720 56,000 3,360 3,360 62,720
10 Bharat Bhushan & Sons,
Varanasi
5 Almirahs @ ? 12,000
each
60,000
2 Revolving Chairs @ ?
20,000 each
40,000
1,00,000
Less: 10% T.D.
10,000
90,000
Add: CGST @ 6%
5,400
Add: SGST @ 6%
5,400
1,00,800 90,000 5,400 5,400 1,00,800
14 Surya Traders, Lucknow
ooks
80 Desks @ ? 2,500
each
2,00,000
10 Sofa Sets @ ?
20,000 each
2,00,000
4,00,000
Less: 15% T.D.
60,000
3,40,000
Add: CGST @ 6%
20,400
Add: SGST @ 6%
20,400
3,80,800 3,40,000 20,400 20,400 3,80,800
4,86,000 29,160 29,160 5,44,320
Q.2 M/s Ram Narain & Sons of Kerala, who are dealers in readymade garments, purchased the following:-
2017
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 Apollo Garments, Kerala:-
65 Shirts @ ? 2,000 per piece
80 T-shirts @ ? 1,500 per piece
Less: 20% Trade Discount and freight charges payable ? 2,000.
May 15 Purchased from Garden Furniture House, Kolkata:-
12 Chairs @ ? 5,000 per Chair
25 Purchased from Amitabh Shirts, New Delhi for cash :-
Page 4
s
Q.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%: -
2017
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 from Bharat Bhushan & Sons, Varanasi (U.P) :-
5 Almirahs @ ? 12,000 each
2 Revolving Chairs @ ? 20,000 each
Trade Discount 10%
14 Purchased from Surya Traders, Lucknow (U.P)
80 Desks @ ? 2,500 each
10 Sofa Sets @ ? 20,000 each
Trade Discount @ 15%
20 Purchased for cash from Gopi Chand Haldi Ram, Delhi:-
4 Tables @ ? 5,000 each
25 Bought Furniture for office use from New Furniture House, Faridabad on Credit:
5 Chairs @ ? 2,500 per Chair.
2 Tables @ ? 5,000 per Table.
The solution for this question is as follows:
Books
s
Purchases Book
Date
June
Particulars Invoice
No.
L.F. Details Cost Input
CGST
Input
SGST
Total
5 Mohan Lal & Company,
Kanpur
20 Godrej Chairs @ ?
2,000 each
40,000
5 Godrej Tables @ ?
6,000 each
30,000
70,000
Less: 20% T.D.
14,000
56,000
Add: CGST @ 6%
3,360
Add: SGST @ 6%
3,360
62,720 56,000 3,360 3,360 62,720
10 Bharat Bhushan & Sons,
Varanasi
5 Almirahs @ ? 12,000
each
60,000
2 Revolving Chairs @ ?
20,000 each
40,000
1,00,000
Less: 10% T.D.
10,000
90,000
Add: CGST @ 6%
5,400
Add: SGST @ 6%
5,400
1,00,800 90,000 5,400 5,400 1,00,800
14 Surya Traders, Lucknow
ooks
80 Desks @ ? 2,500
each
2,00,000
10 Sofa Sets @ ?
20,000 each
2,00,000
4,00,000
Less: 15% T.D.
60,000
3,40,000
Add: CGST @ 6%
20,400
Add: SGST @ 6%
20,400
3,80,800 3,40,000 20,400 20,400 3,80,800
4,86,000 29,160 29,160 5,44,320
Q.2 M/s Ram Narain & Sons of Kerala, who are dealers in readymade garments, purchased the following:-
2017
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 Apollo Garments, Kerala:-
65 Shirts @ ? 2,000 per piece
80 T-shirts @ ? 1,500 per piece
Less: 20% Trade Discount and freight charges payable ? 2,000.
May 15 Purchased from Garden Furniture House, Kolkata:-
12 Chairs @ ? 5,000 per Chair
25 Purchased from Amitabh Shirts, New Delhi for cash :-
ooks
120 Shirts @ ? 1,500 per Shirt
Prepare Purchase Book assuming CGST @ 9% and SGST @ 9%
The solution for this question is as follows:
Purchases Book of M/s Ram Narain & Sons, Kerala
Date
2017
Particulars Invoice
No.
L.F. Details
?
Purchase
?
Input
CGST
?
Input
SGST
?
Input
IGST
?
Total
Amount
?
May
2 Fashion House,
Mumbai
(Maharashtra)
100 Shirts @ Rs
1,800 per Shirt
1,80,000
75 T-Shirts @ Rs
1,600 per piece
1,20,000
3,00,000
Less: 20% Trade
Discount
60,000
2,40,000
Add: 18% IGST
43,200
2,83,200 2,40,000 – – 43,200 2,83,200
10 Appolo
Garments,
Kerala
65 Shirts @ Rs
2,000 per piece
1,30,000
80 T-Shirts @ Rs
1,500 per piece
1,20,000
Page 5
s
Q.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%: -
2017
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 from Bharat Bhushan & Sons, Varanasi (U.P) :-
5 Almirahs @ ? 12,000 each
2 Revolving Chairs @ ? 20,000 each
Trade Discount 10%
14 Purchased from Surya Traders, Lucknow (U.P)
80 Desks @ ? 2,500 each
10 Sofa Sets @ ? 20,000 each
Trade Discount @ 15%
20 Purchased for cash from Gopi Chand Haldi Ram, Delhi:-
4 Tables @ ? 5,000 each
25 Bought Furniture for office use from New Furniture House, Faridabad on Credit:
5 Chairs @ ? 2,500 per Chair.
2 Tables @ ? 5,000 per Table.
The solution for this question is as follows:
Books
s
Purchases Book
Date
June
Particulars Invoice
No.
L.F. Details Cost Input
CGST
Input
SGST
Total
5 Mohan Lal & Company,
Kanpur
20 Godrej Chairs @ ?
2,000 each
40,000
5 Godrej Tables @ ?
6,000 each
30,000
70,000
Less: 20% T.D.
14,000
56,000
Add: CGST @ 6%
3,360
Add: SGST @ 6%
3,360
62,720 56,000 3,360 3,360 62,720
10 Bharat Bhushan & Sons,
Varanasi
5 Almirahs @ ? 12,000
each
60,000
2 Revolving Chairs @ ?
20,000 each
40,000
1,00,000
Less: 10% T.D.
10,000
90,000
Add: CGST @ 6%
5,400
Add: SGST @ 6%
5,400
1,00,800 90,000 5,400 5,400 1,00,800
14 Surya Traders, Lucknow
ooks
80 Desks @ ? 2,500
each
2,00,000
10 Sofa Sets @ ?
20,000 each
2,00,000
4,00,000
Less: 15% T.D.
60,000
3,40,000
Add: CGST @ 6%
20,400
Add: SGST @ 6%
20,400
3,80,800 3,40,000 20,400 20,400 3,80,800
4,86,000 29,160 29,160 5,44,320
Q.2 M/s Ram Narain & Sons of Kerala, who are dealers in readymade garments, purchased the following:-
2017
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 Apollo Garments, Kerala:-
65 Shirts @ ? 2,000 per piece
80 T-shirts @ ? 1,500 per piece
Less: 20% Trade Discount and freight charges payable ? 2,000.
May 15 Purchased from Garden Furniture House, Kolkata:-
12 Chairs @ ? 5,000 per Chair
25 Purchased from Amitabh Shirts, New Delhi for cash :-
ooks
120 Shirts @ ? 1,500 per Shirt
Prepare Purchase Book assuming CGST @ 9% and SGST @ 9%
The solution for this question is as follows:
Purchases Book of M/s Ram Narain & Sons, Kerala
Date
2017
Particulars Invoice
No.
L.F. Details
?
Purchase
?
Input
CGST
?
Input
SGST
?
Input
IGST
?
Total
Amount
?
May
2 Fashion House,
Mumbai
(Maharashtra)
100 Shirts @ Rs
1,800 per Shirt
1,80,000
75 T-Shirts @ Rs
1,600 per piece
1,20,000
3,00,000
Less: 20% Trade
Discount
60,000
2,40,000
Add: 18% IGST
43,200
2,83,200 2,40,000 – – 43,200 2,83,200
10 Appolo
Garments,
Kerala
65 Shirts @ Rs
2,000 per piece
1,30,000
80 T-Shirts @ Rs
1,500 per piece
1,20,000
ooks
2,50,000
Less: 20% Trade
Discount
50,000
2,00,000
Add: 9% CGST
18,000
9% SGST
18,000
2,36,000 2,00,000 18,000 18,000 – 2,36,000
4,40,000 18,000 18,000 43,200 5,19,200
Working Notes:
(i) As the transaction made on May 15 and 25 are made through credit and cash, therefore, it will not be recorded
in the record book.
(ii) For freight charges payable on May 02, 2017 and May 10, 2017, a separate entry will be recorded in the
journal account. With the assumption of 18% GST rate, below is the journal entry made.
Journal Proper
Date
2017
Particulars L.F. Debit ? Credit ?
May
2 Freight Inwards A/c
Input IGST A/c
Dr.
Dr.
10,000
1,800
To Fashion House
(Freight charges on inter-state purchase of goods @ 18% GST)
11,800
10 Freight Inwards A/c
Input CGST A/c
Input SGST A/c
Dr.
Dr.
Dr.
2,000
180
180
To Appolo Garments
(Freight charges on intra-state purchase of goods @ 9% GST)
2,360
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Nov 24, 2024 Last updated |
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