Page 1
Q.18 Write up Purchases and Sales Books from the following transactions of Kalyan Silks, Kochi, Kerala given for
April, 2019 and post the totals in the Ledger.
2019
April 1 Purchased from Ram Prasad, Chennai:
100 metres Silk @ ? 400 per metre
75 metres Velvet @ ? 150 per metre
Plus IGST @ 12%
April 10 Sold to Rati Ram, Ahmedabad:
60 metres Silk @ ? 500 per metre
10 metres Velvet @ ? 200 per metre
Charged IGST @ 12%
April 12 Sold to Ramaswami, Kochi
10 metres Silk @ ? 550 per metre
10 metres Velvet @ ? 200 per metre
Charged CGST and SGST @ 6% each
April 18 Roop Narain & Sons Kochi purchased from us:
10 metres Silk @ ? 550 per metre
5 metres Velvet @ ? 200 per metre
Allowed Trade Discount 10%, charged CGST and SGST @
6% each
April 22 Purchased from Man Mohan Lal, Varanasi:
Shirting Cloth ? 10,000
Sarees ? 60,000
Received Trade Discount 10%, plus IGST @ 12%
April 23 Sold to Brij Mohan & Bros., Mathura:
Shirting Cloth ? 7,000
Sarees ? 25,000
Charged IGST @ 12%
The solution can be presented as follows
Page 2
Q.18 Write up Purchases and Sales Books from the following transactions of Kalyan Silks, Kochi, Kerala given for
April, 2019 and post the totals in the Ledger.
2019
April 1 Purchased from Ram Prasad, Chennai:
100 metres Silk @ ? 400 per metre
75 metres Velvet @ ? 150 per metre
Plus IGST @ 12%
April 10 Sold to Rati Ram, Ahmedabad:
60 metres Silk @ ? 500 per metre
10 metres Velvet @ ? 200 per metre
Charged IGST @ 12%
April 12 Sold to Ramaswami, Kochi
10 metres Silk @ ? 550 per metre
10 metres Velvet @ ? 200 per metre
Charged CGST and SGST @ 6% each
April 18 Roop Narain & Sons Kochi purchased from us:
10 metres Silk @ ? 550 per metre
5 metres Velvet @ ? 200 per metre
Allowed Trade Discount 10%, charged CGST and SGST @
6% each
April 22 Purchased from Man Mohan Lal, Varanasi:
Shirting Cloth ? 10,000
Sarees ? 60,000
Received Trade Discount 10%, plus IGST @ 12%
April 23 Sold to Brij Mohan & Bros., Mathura:
Shirting Cloth ? 7,000
Sarees ? 25,000
Charged IGST @ 12%
The solution can be presented as follows
Page 3
Q.18 Write up Purchases and Sales Books from the following transactions of Kalyan Silks, Kochi, Kerala given for
April, 2019 and post the totals in the Ledger.
2019
April 1 Purchased from Ram Prasad, Chennai:
100 metres Silk @ ? 400 per metre
75 metres Velvet @ ? 150 per metre
Plus IGST @ 12%
April 10 Sold to Rati Ram, Ahmedabad:
60 metres Silk @ ? 500 per metre
10 metres Velvet @ ? 200 per metre
Charged IGST @ 12%
April 12 Sold to Ramaswami, Kochi
10 metres Silk @ ? 550 per metre
10 metres Velvet @ ? 200 per metre
Charged CGST and SGST @ 6% each
April 18 Roop Narain & Sons Kochi purchased from us:
10 metres Silk @ ? 550 per metre
5 metres Velvet @ ? 200 per metre
Allowed Trade Discount 10%, charged CGST and SGST @
6% each
April 22 Purchased from Man Mohan Lal, Varanasi:
Shirting Cloth ? 10,000
Sarees ? 60,000
Received Trade Discount 10%, plus IGST @ 12%
April 23 Sold to Brij Mohan & Bros., Mathura:
Shirting Cloth ? 7,000
Sarees ? 25,000
Charged IGST @ 12%
The solution can be presented as follows
Page 4
Q.18 Write up Purchases and Sales Books from the following transactions of Kalyan Silks, Kochi, Kerala given for
April, 2019 and post the totals in the Ledger.
2019
April 1 Purchased from Ram Prasad, Chennai:
100 metres Silk @ ? 400 per metre
75 metres Velvet @ ? 150 per metre
Plus IGST @ 12%
April 10 Sold to Rati Ram, Ahmedabad:
60 metres Silk @ ? 500 per metre
10 metres Velvet @ ? 200 per metre
Charged IGST @ 12%
April 12 Sold to Ramaswami, Kochi
10 metres Silk @ ? 550 per metre
10 metres Velvet @ ? 200 per metre
Charged CGST and SGST @ 6% each
April 18 Roop Narain & Sons Kochi purchased from us:
10 metres Silk @ ? 550 per metre
5 metres Velvet @ ? 200 per metre
Allowed Trade Discount 10%, charged CGST and SGST @
6% each
April 22 Purchased from Man Mohan Lal, Varanasi:
Shirting Cloth ? 10,000
Sarees ? 60,000
Received Trade Discount 10%, plus IGST @ 12%
April 23 Sold to Brij Mohan & Bros., Mathura:
Shirting Cloth ? 7,000
Sarees ? 25,000
Charged IGST @ 12%
The solution can be presented as follows
Page 5
Q.18 Write up Purchases and Sales Books from the following transactions of Kalyan Silks, Kochi, Kerala given for
April, 2019 and post the totals in the Ledger.
2019
April 1 Purchased from Ram Prasad, Chennai:
100 metres Silk @ ? 400 per metre
75 metres Velvet @ ? 150 per metre
Plus IGST @ 12%
April 10 Sold to Rati Ram, Ahmedabad:
60 metres Silk @ ? 500 per metre
10 metres Velvet @ ? 200 per metre
Charged IGST @ 12%
April 12 Sold to Ramaswami, Kochi
10 metres Silk @ ? 550 per metre
10 metres Velvet @ ? 200 per metre
Charged CGST and SGST @ 6% each
April 18 Roop Narain & Sons Kochi purchased from us:
10 metres Silk @ ? 550 per metre
5 metres Velvet @ ? 200 per metre
Allowed Trade Discount 10%, charged CGST and SGST @
6% each
April 22 Purchased from Man Mohan Lal, Varanasi:
Shirting Cloth ? 10,000
Sarees ? 60,000
Received Trade Discount 10%, plus IGST @ 12%
April 23 Sold to Brij Mohan & Bros., Mathura:
Shirting Cloth ? 7,000
Sarees ? 25,000
Charged IGST @ 12%
The solution can be presented as follows
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