Commerce Exam > Commerce Notes > Books Of Original Entry-Special Purpose Subsidiary Books (Part - 1)
Books Of Original Entry-Special Purpose Subsidiary Books (Part - 1) - Commerce PDF Download
Page No 12.29:
Ques 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% :- 
Ans:
Page No 12.30:
Ques 2: M/s Ram Narain & Sons of Kerala, who are dealers in readymade garments, purchased the following :- 
Prepare Purchase Book assuming CGST @ 9% and SGST @ 9%.
Ans:
Working Notes
(1) In Purchases Book, we record only the credit purchase of goods, so transaction dated May 15 (being purchase of Furniture on credit) and May 25 (being purchase of goods for cash) will not be recorded.
(2) A separate entry will be passed in Journal Proper for Freight Charges payable on May 02, 2017 and May 10, 2017. Assuming GST rate is 18%, follwing are the entries:
Ques 3: Record the following transactions in the Sales Book of Ganesh & Co. of Jaipur (Rajasthan), who deal in Furniture. Assume CGST @ 6% and SGST @ 6% :- 
Ans:
Note: In Sales Book, we record only the credit sale of goods, so transaction dated June 12 (being Computer sold on credit) and June 20 (being Sofa Sets sold for cash) will not be recorded.
Page No 12.31:
Ques 4: Record the following transactions in the Sales Book of M/s Ajanta Electronics, Ranchi (Jharkhand) assuming CGST @ 9% and SGST @ 9%: 
Ans:
Note: In Sales Book, we record only the credit sale of goods, so transaction dated March 20 (being sale of electronics for cash) will not be recorded.
Ques 5: Write up Return Outward Book of Malthotra & Co., Bhiwani (Haryana) from the following transactions assuming CGST @ 6% and SGST @ 6% : - 
Ans:
Ques 6: Enter the following transactions in the Returns Inward Book of Anand Cloth House, Ajmal Khan Road, New Delhi Assuming CGST @ 2.5% and SGST @ 2.5% :-
Ans:
Page No 12.32:
Ques 7: Prepare Returns Inward and Returns Outward Books from the following in the books of Modern Shoes, Kolkata (West Bengal) assuming CGST @ 6% and SGST @ 6% :- 
Ans:
Ques 8:Enter the following transactions in the 'Journal Proper' of Karuna Stores : 
Ans:
Note: Cash transactions will not be recorded in Journal Proper.
FAQs on Books Of Original Entry-Special Purpose Subsidiary Books (Part - 1) - Commerce
| 1. What are books of original entry in accounting? |  |
Ans. Books of original entry, also known as primary books, are the first point of entry for financial transactions in the accounting system. They are used to record and classify business transactions before they are posted to the general ledger. Examples of books of original entry include the cash book, purchases book, sales book, and journal.
| 2. What is the purpose of special purpose subsidiary books? | |
Ans. Special purpose subsidiary books are used to record specific types of transactions that occur frequently in a business. They provide a more organized and efficient way of recording these transactions, making it easier to analyze and extract information. For example, a purchases book is a special purpose subsidiary book used to record all purchases made by a company.
| 3. What is the significance of using special purpose subsidiary books? | |
Ans. Using special purpose subsidiary books offers several benefits. Firstly, it allows for better organization and categorization of transactions, making it easier to locate and retrieve specific information. Secondly, it enables quick and accurate posting of transactions to the general ledger, saving time and reducing errors. Lastly, it provides a clear audit trail, facilitating the auditing process and ensuring compliance with accounting standards.
| 4. How do special purpose subsidiary books differ from the general ledger? | |
Ans. Special purpose subsidiary books are specific to certain types of transactions, such as purchases, sales, or cash. They record detailed information about these transactions, including dates, amounts, and relevant accounts. On the other hand, the general ledger is a summary of all transactions recorded in the subsidiary books. It provides a comprehensive view of the financial position and performance of a business.
| 5. Can special purpose subsidiary books be used in all types of businesses? | |
Ans. Special purpose subsidiary books can be used in various types of businesses, regardless of their size or industry. However, the specific books required may vary depending on the nature of the business and its transactions. For example, a retail business may use a sales book to record customer sales, while a manufacturing company might use a production book to track inventory and production costs. It is important to adapt the use of special purpose subsidiary books to the unique needs and requirements of each business.
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