Question

Enter the following transactions in the Purchase Journal (Book) of M/s Gupta Traders of July 2017:

01	Bought from Rahul Traders as per invoice no. 20041
	40 Registers @ ₹ 60 each
	80 Gel Pens @ ₹ 15 each
	50 note books @ ₹ 20 each
	Trade discount 10%.
15	Bought from Global Stationers as per invoice no. 1132
	40 Ink Pads @ ₹ 8 each
	50 Files @ ₹ 10 each
	20 Color Books @ ₹ 20 each
	Trade Discount 5%
23	Purchased from Lamba Furniture as per invoice no. 3201
	2 Chairs @ 600 per chair
	1 Table @ 1,000 per table
25	Bought from Mumbai Traders as per invoice no. 1111
	10 Paper Rim @ ₹ 100 per rim
	400 drawing Sheets @ ₹ 3 each
	20 Packet waters colour @ ₹ 40 per packet

Answer 1

Books of M/s. Gupta Traders Purchases Book
Date	Name of Supplier (Accounts to be credited)	Invoice No.	L.F.	Details (₹)	Amount (₹)
2017
July.01	Rahul Traders	20041
	40 Registers @ R60 each			2,400
	80 Gel Pens @ ₹15 each			1,200
	50 Note Books @ ₹20 each			1,000
				4,600
	Less: Trade Discount 10%			(460)	4,140
July.15	Global Stationeries	1132
	40 Ink Pads @ ₹ 8 each			320
	50 Files @ ₹10 each			500
	20 Colour Books @ R20 each			400
				1,220
	Less: Trade discount 5%			(61)	1,159
July.25	Mumbai Traders	1111
	10 Paper Rim @ ₹ 100 each			1,000
	400 Drawing Sheet @ ₹ 3 each			1,200
	20 Packet Water Colour @ ₹40 per pack			800	3,000
	Purchases Account				8299

Note:

Furniture purchased from Lamba Traders will not be recorded in the Purchases Book as furniture is not to be considered as goods for the M/s Gupta Trader.

This is because as per the transactions M/s. Gupta traders deals in stationery and not in furniture.

Note:

Slight change in the Performa of subsidiary book is done. Here ‘Details’ column has been added in Purchase Book.