Question

Prepare proper subsidiary books and post them to the ledger from the following transactions for the month of February 2017:

2017 February		₹
01	Goods sold to Sachin	5,000
04	Purchase from Kushal Traders	2,480
06	Sold goods to Manish Traders	2,100
07	Sachin returned goods	600
08	Returns to Kushal Traders	280
10	Sold to Mukesh	3,300
14	Purchased from Kunal Traders	5,200
15	Furniture purchased from Tarun	3,200
17	Bought of Naresh	4,060
20	Return to Kunal Traders	200
22	Return inwards from Mukesh	250
24	Purchased goods from Kirit and Co. for list price of	5,700
	less 10% trade discount
25	Sold to Shri Chand goods	6,600
	less 5% trade discount
26	Sold to Ramesh Brothers	4,000
28	Return outwards to Kirit and Co.	1,000
	less 10% trade discount
28	Ramesh Brothers returned goods ₹ 500.

Answer 1

Journal Purchases Book
Date	Name of Supplier (Accounts to be credited)		Invoice No.	L.F.	Amount (₹)
2017
Feb.04	Kushal Traders				2,480
Feb.14	Kunal Traders				5,200
Feb.17	Naresh				4,060
Feb.24	Kirit and Co.
	Less: Trade Discount 10%	______			5,130
	Purchases Account				16,870

 

Sales Book
Date	Name of Customer (Accounts to be debited)		Invoice No.	L.F.	Amount (₹)
2017
Feb.01	Sachin				5,000
Feb.06	Manish Traders				2,100
Feb.10	Mukesh				3,300
Feb.25	Shri Chand
	Less: 5% Trade Discount	______			6,270
Feb.26	Ramesh Brothers				4,000
	Sales Account				20,670

 

Sales Return Book
Date	Name of Customer (Accounts to be credited)	Credit Note	L.F.	Amount (₹)
2017
Feb.07	Sachin			600
Feb.22	Mukesh			250
Feb.28	Ramesh Brothers			500
	Sales Return Account			1,350

 

Purchases Return Book
Date	Name of Supplier (Accounts to be debited)		Debit Note	L.F.	Amount (₹)
2017
Feb.08	Kushal Traders				280
Feb.20	Kunal Traders				200
Feb.28	Kirit and Co.
	Less: 10% Trade Discount	______			900
	Purchases Return A/c				1,380

 

Journal Proper
Date	Particulars	L.F.	Debit Amount  (₹)	Credit Amount (₹)
2017
Feb.15	Furniture A/c Dr.		3,200
	To Tarun			3,200
	(Furniture purchased from Tarun)

 

Dr.	Ledger Purchases Account						Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
Feb.28	Sundries as per Purchases Book		16,870
				Feb.28	Balance c/d		16,870
			16,870				16,870

 

Dr.	Sales Account						Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
				Feb.28	Sundries as per
					Sales Book		20,670
Fed.28	Balance c/d		20,670
			20,670				20,670

 

Dr.	Sales Return Account						Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
Feb.28	Sundries as per Sales
	Return Book		1,350
				Feb.28	Balance c/d		1,350
			1,350				1,350

 

Dr.	Purchases Return Account						Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
				Feb.28	Sundries as per
					Purchases Return Book		1,380
Feb.28	Balance c/d		1,380
			1,380				1,380

 

Dr.	Sachin’s Account						Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
Feb.01	Sales		5,000	Feb.07	Sales Return		600
				Feb.28	Balance c/d		4,400
			5,000				5,000

 

Dr.	Kushal Traders’ Account						Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
Feb.08	Purchases Return		280	Feb.04	Purchases		2,480
Feb.28	Balance c/d		2,200
			2,480				2,480

 

Dr.	Manish Traders’ Account						Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
Feb.10	Sales		2,100
				Feb.28	Balance c/d		2,100
			2,100				2,100

 

Dr.	Mukesh’s Account						Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
Feb.10	Sales		3,300	Feb.22	Sales Return		250
				Feb.28	Balance c/d		3,050
			3,300				3,300

 

Dr.	Kunal Traders’ Account						Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
Feb.20	Purchase Return		200	Feb.14	Purchases		5,200
Feb.28	Balance c/d		5,000
			5,200				5,200

 

Dr.	Furniture Account						Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
Feb.15	Tarun		3,200
				Feb.28	Balance c/d		3,200
			3,200				3,200

 

Dr.	Tarun’s Account						Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
				Feb.15	Furniture		3,200
Feb.28	Balance c/d		3,200
			3,200				3,200

 

Dr.	Naresh’s Account						Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
				Feb.17	Purchases		4,060
Feb.28	Balance c/d		4,060
			4,060				4,060

 

Dr.	Kirit and Co. Account						Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
Feb.28	Purchases Return		900	Feb.24	Purchases		5,130
Feb.28	Balance c/d		4,230
			5,130				5,130

 

Dr.	Shri Chand and Co. Account						Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
Feb.25	Sales		6,270
				Feb.28	Balance c/d		6,270
			6,270				6,270

 

Dr.	Ramesh’s Account						Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
Feb.26	Sales		4,000	Feb.28	Sales Return		500
				Feb.28	Balance c/d		4,000
			4,000				4,000