Enter the following transactions in the Subsidiary books of Navyug Traders

Enter the following transactions in the Subsidiary books of Navyug Traders2018 March

01. Sold to Bharat Patil goods Rs.10,000 at 10% Trade Discount.

04. Purchased from Naresh goods of Rs.11,000 less 10% Trade Discount.

06. purchased Furniture from M/s. Sham Furniture Works, of Rs.15,000 for office use.

07. Bharat Patil returned 20% of the goods bought by him on 1st March above and we gave him fresh goods in exchange.

08. Sold to Sundar goods of Rs.13,000 less 15% Trade Discount.

10. Sold to Sumit Computer for Rs.23,800 with a book value of Rs.24,000

12. Placed an order with Sajan for goods of Rs.12,000 

17. Purchased from Naresh goods of Rs.14,000 and sold them to Kamesh for Rs.16,000

19. Kamesh returned us goods of Rs.1,600 and immediately returned the same to Naresh. 

23. Sold to Rakesh for Rs.4,500 old Furniture with a book value of Rs.4,800

26. Returned to M/s. Sham Furniture Works, office Furniture of Rs.4,500 

28. Sajan executed our order dated 12th March, 2018

Solution:

Subsidiary Books

In the books of Navyug Traders

             Purchase Book 

Date	Particulars	Invoice Inward   No.	L.F	Amount
2018  Mar.  4	Naresh			9,900
17	Naresh			14,000
28	Sajan			12,000
	Total			35,900

  
 

                 

 Sales Book 

Date	Particulars	Invoice outward No.	L.F	Amount
2018Mar.  1	Bharat Patil			9,000
8	Sundar			11,050
17	Kamesh			16,000
	Total			36,050

       

 

Purchase Return Book 

Date	Particulars	Debit Note No.	L.F	Amount
2018 Mar. 19	Naresh			1,400
	Total			1,400

 
           

   Sales Return Book 

Date	Particulars	Credit Note No.	L.F	Amount
2018Mar. 7	Bharat Patil			2,000
19	Kamesh			1,400
	Total			3,400

 
 
Journal Entries  

 

In the books of Navyug Traders 

Date	Particulars	Credit Note No.	L.F	Amount
2018Mar. 7	Bharat Patil			2,000
19	Kamesh			1,400
	Total			3,400