Commerce Exam > Commerce Notes > DK Goel Solutions: Books of Original Entry – Special Purpose Subsidiary Books
DK Goel Solutions: Books of Original Entry – Special Purpose Subsidiary Books - Commerce PDF Download
| Download, print and study this document offline |
Please wait while the PDF view is loading
Page 1
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
Read More
Related Exams
About this Document
|
Nov 09, 2024 Last updated |
Document Description: DK Goel Solutions: Books of Original Entry – Special Purpose Subsidiary Books for Commerce 2024 is part of Commerce preparation. The notes and questions for DK Goel Solutions: Books of Original Entry – Special Purpose Subsidiary Books have been prepared according to the Commerce exam syllabus. Information about DK Goel Solutions: Books of Original Entry – Special Purpose Subsidiary Books covers topics like and DK Goel Solutions: Books of Original Entry – Special Purpose Subsidiary Books Example, for Commerce 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for DK Goel Solutions: Books of Original Entry – Special Purpose Subsidiary Books.
Introduction of DK Goel Solutions: Books of Original Entry – Special Purpose Subsidiary Books in English is available as part of
our Commerce preparation & DK Goel Solutions: Books of Original Entry – Special Purpose Subsidiary Books in Hindi for Commerce
courses. Download more important topics, notes, lectures and mock test series for Commerce
Exam by signing up for free. Commerce: DK Goel Solutions: Books of Original Entry – Special Purpose Subsidiary Books - Commerce
Description
Full syllabus notes, lecture & questions for DK Goel Solutions: Books of Original Entry – Special Purpose Subsidiary Books - Commerce - Commerce | Plus excerises question with solution to help you revise complete syllabus | Best notes, free PDF download
Information about DK Goel Solutions: Books of Original Entry – Special Purpose Subsidiary Books
In this doc you can find the meaning of DK Goel Solutions: Books of Original Entry – Special Purpose Subsidiary Books defined & explained in the simplest way possible.
Besides explaining types of DK Goel Solutions: Books of Original Entry – Special Purpose Subsidiary Books theory,
EduRev gives you an ample number of questions to practice DK Goel Solutions: Books of Original Entry – Special Purpose Subsidiary Books tests, examples and also practice Commerce tests.
Download as PDF
|
Explore Courses for Commerce exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
DK Goel Solutions: Books of Original Entry – Special Purpose Subsidiary Books - Commerce
,DK Goel Solutions: Books of Original Entry – Special Purpose Subsidiary Books - Commerce
,Exam
,study material
,DK Goel Solutions: Books of Original Entry – Special Purpose Subsidiary Books - Commerce
,past year papers
,ppt
,Semester Notes
,video lectures
,Sample Paper
,mock tests for examination
,Objective type Questions
,practice quizzes
,shortcuts and tricks
,Extra Questions
,MCQs
,Free
,Previous Year Questions with Solutions
,Viva Questions
,Important questions
,Summary
;
Additional Information about DK Goel Solutions: Books of Original Entry – Special Purpose Subsidiary Books for Commerce Preparation
DK Goel Solutions: Books of Original Entry – Special Purpose Subsidiary Books Free PDF Download
The DK Goel Solutions: Books of Original Entry – Special Purpose Subsidiary Books is an invaluable resource that delves deep into the core of the Commerce exam.
These study notes are curated by experts and cover all the essential topics and concepts, making your preparation more efficient and effective.
With the help of these notes, you can grasp complex subjects quickly, revise important points easily,
and reinforce your understanding of key concepts. The study notes are presented in a concise and easy-to-understand manner,
allowing you to optimize your learning process. Whether you're looking for best-recommended books, sample papers, study material,
or toppers' notes, this PDF has got you covered. Download the DK Goel Solutions: Books of Original Entry – Special Purpose Subsidiary Books now and kickstart your journey towards success in the Commerce exam.
Importance of DK Goel Solutions: Books of Original Entry – Special Purpose Subsidiary Books
The importance of DK Goel Solutions: Books of Original Entry – Special Purpose Subsidiary Books cannot be overstated, especially for Commerce aspirants.
This document holds the key to success in the Commerce exam.
It offers a detailed understanding of the concept, providing invaluable insights into the topic.
By knowing the concepts well in advance, students can plan their preparation effectively.
Utilize this indispensable guide for a well-rounded preparation and achieve your desired results.
DK Goel Solutions: Books of Original Entry – Special Purpose Subsidiary Books Notes
DK Goel Solutions: Books of Original Entry – Special Purpose Subsidiary Books Notes offer in-depth insights into the specific topic to help you master it with ease.
This comprehensive document covers all aspects related to DK Goel Solutions: Books of Original Entry – Special Purpose Subsidiary Books.
It includes detailed information about the exam syllabus, recommended books, and study materials for a well-rounded preparation.
Practice papers and question papers enable you to assess your progress effectively.
Additionally, the paper analysis provides valuable tips for tackling the exam strategically.
Access to Toppers' notes gives you an edge in understanding complex concepts.
Whether you're a beginner or aiming for advanced proficiency, DK Goel Solutions: Books of Original Entry – Special Purpose Subsidiary Books Notes on EduRev are your ultimate resource for success.
DK Goel Solutions: Books of Original Entry – Special Purpose Subsidiary Books Commerce Questions
The "DK Goel Solutions: Books of Original Entry – Special Purpose Subsidiary Books Commerce Questions" guide is a valuable resource for all aspiring students preparing for the
Commerce exam. It focuses on providing a wide range of practice questions to help students gauge
their understanding of the exam topics. These questions cover the entire syllabus, ensuring comprehensive preparation.
The guide includes previous years' question papers for students to familiarize themselves with the exam's format and difficulty level.
Additionally, it offers subject-specific question banks, allowing students to focus on weak areas and improve their performance.
Study DK Goel Solutions: Books of Original Entry – Special Purpose Subsidiary Books on the App
Students of Commerce can study DK Goel Solutions: Books of Original Entry – Special Purpose Subsidiary Books alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the DK Goel Solutions: Books of Original Entry – Special Purpose Subsidiary Books,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of DK Goel Solutions: Books of Original Entry – Special Purpose Subsidiary Books is prepared as per the latest Commerce syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup