8. Mr. Akash gives you the following information and asks you to prepare Purchase Book, Sales Book, Purchase Return Book and Sales Return Book for the month of January 2018.

Mr. Akash gives you the following information and asks you to prepare Purchase Book, Sales Book, Purchase Return Book and Sales Return Book for the month of January 2018.

2018 January

01. Purchased goods on credit from Dhanal Traders for Rs.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 Rs.10,000 less 5% Trade Discount.

08. Purchased goods of Rs.20,000 at 10% Trade Discount from Saurabha Traders.

13. Sold goods to Vinayak Stores Rs.8,000 at 5% Trade Discount.

15. Vinayak Stores returned goods to us Rs.200 

18. Sunetra Executed our order placed on 5th January 2018.

20. Sold goods to Vishnu Traders Rs.21,000 less 5% Trade Discount.

22. Returned goods to Sunetra Rs.1,000 [Gross].

28. Kunal Traders returned goods to us Rs.500

30. Returned goods to Sourabh Traders Rs.1,500.

Solution:

In the Books of Mr. Akash for the month of January 2018.

                       Purchase Book

Date	Particulars	Inward Invoice No.	L.F	Amount
2018  Jan.  1	Dhanal Traders			15,000
8	Saurabha Trader			18,000
18	Sunetra			9,500
	Total			42,500

 

                   Sales Book 

Date	Particulars	outward Invoice No.	L.F	Amount
2018Jan.  1	Kunal Traders			18,750
13	Vinayak Stores			7,600
20	Vishnu Traders			19,950
	Total			46,300

 

 

           Purchase Return Book 

Date	Particulars	Debit Note	L.F	Amount
2018 Jan. 22	Sunetra			950
30	Sourabh Traders			1,500
	Total			2,450

           

   Sales Return Book 
 

Date	Particulars	Credit Note	L.F	Amount
2018Jan.  15	Vinayak			200
28	Kunal Traders			400
	Total			600