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प्रश्न
Complete the following sentence:
In Purchase Book goods purchased on ______ are recorded.
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उत्तर
In Purchase Book goods purchased on credit are recorded.
APPEARS IN
संबंधित प्रश्न
Answer the following question in one sentence:
Which transactions are recorded in Purchase Book?
Give word/term or phrase for the following statement:
Subsidiary book in which only credit purchases of goods is recorded.
State whether the following statement is True or False with reasons:
Cash and credit purchases are entered in Purchase Book.
Do you agree with the following statement:
Credit purchase of machinery is entered in Purchase Journal.
Complete the following sentence:
Return of goods purchased on credit to the suppliers will be entered in ______ Journal.
Complete the following sentence:
Credit purchases of goods are recorded in ______
Correct the following sentence and rewrite the same:
Cash purchases of goods are recorded in Purchase book.
Cash purchases for ₹ 1,60,000 at 10% T.D. and 5% C.D. What is the amount of Net purchases?
Purchased goods from Harish for ₹ 12,000 @ 7% T.D. What is the amount of Trade discount?
| Cash Purchases | Credit purchases | Purchase Return | Net Purchases | |||
| 35,000 | + | 55,000 | - | ? | = | 88,000 |
| Cash Purchases | Credit purchases | Trade discount | Net Purchases | |||
| 70,000 | + | ? | - | 18,000 | = | 1,62,000 |
| Cash Purchases | Credit purchases | Total Purchases | Total Creditors | |||
| 80,000 | + | ? | - | 1,90,000 | = | 1,10,000 |
Mr. Akash gives you the following information and asks you to prepare Purchase Book, Sales Book, Purchase Returns Book and Sales Return Book for the month of January 2018.
2018 January
01 Purchased goods on credit from Dhanal Traders for ₹ 15,000 and sold the same to Kunal Traders at a profit of 25% on cost.
05 Placed an order with Sunetra for goods of ₹ 10,000 less 5% Trade discount.
08 Purchased goods of ₹ 20,000 at 10% Trade Discount from Saurabha Traders.
13 Sold goods to Vinayak Stores ₹ 8,000 at 5% Trade Discount.
15 Vinayak Stores returned goods to us ₹ 200.
18 Sunetra executed our order placed on 5th Jan. 2018.
20 Sold goods to Vishnu Traders ₹ 21,000 less 5% Trade Discount.
22 Returned goods to Sunetra ₹ 1,000 (Gross).
28 Kunal Traders returned goods to us ₹ 500
30 Returned goods to Sourabh Traders ₹ 1,500.
