From the following transactions of Shri Gadda Electronics stores, prepare columnar purchase book. Shri Gadda Electronics deals with T.V., Refrigerator and Washing machine.

2015

May 1. Purchased 10 T.V. set at 30,000 each set, 5 Refrigerator at 15,000 per piece and 2 Washing Machine at 18,000 per piece from Shri Daya Electronics Stores. Credit period 1 month . Invoices no. 100.

7. Purchased from Shri Tarak Electronics Stores, 5 piece T.V. at 25,000 per piece and 10 Refrigerator at 16,000 per piece at 10% Trade Discount. Received invoice no. 151. Half of the amount paid immediately.

12. Purchased cycle of 5,000 from Shree Ambey Cycle Store.

20. Purchased 5 Refrigerator at 20,000 per piece and 10 Washing Machine at 15,000 per piece at 10% Trade Discount and 5% Cash Discount from Shree Atmaram Electronics Store and amount paid immediately.

25. Placed an order to Smt. Babita for supplying 20 piece T.V. sets at 30,000 per piece and 5 Washing Machines at 21,000 per piece.

31. From Shree Gokuldham Electronics Store, purchased 5 piece T.V. sets at 30,000 per piece and 5 Washing machine at 23,000 per piece. Trade discount at 10% invoice no. 123. 

Solution:

In the Books Shri Gadda Electronics Stores.

Purchase Book

  

Date	Name of Supplier	Invoice No.	LF.	T.V.	Refrigerator	Washing machine	Total Amount
2015 May 1	Shri Daya Electronics	100		3,00,000	75,000	36,000	4,11,000
7	Shri Tarak Electronics	151		1,12,500	1,44,000	-	2,56,500
31	Shri Gokuldham   Electronics	123		1,35,000	--	1,03,500	2,38,500
				5,47,500	2,19,000	1,39,500	9,06,000

Explanation:

1. Purchased 10 T.V. set at 30,000 each set, 5 Refrigerator at 15,000 per piece and 2 Washing Machine at 18,000 per piece from Shri Daya Electronics Stores. Credit period 1 month . Invoices no. 100. 

➡ T.V., Refrigerator and Washing Machine are purchased on credit for 1 month period. Hence Recorded in Purchase Book.

7. Purchased from Shri Tarak Electronics Stores, 5 piece T.V. at 25,000 per piece and 10 Refrigerator at 16,000 per piece at 10% Trade Discount. Received invoice no. 151. Half of the amount paid immediately.

➡ Purchased from Shri Tarak Electronics Stores and 10% Trade Discount. Half of the amount paid immediately means half of the goods are on credit. 

12. Purchased cycle of 5,000 from Shree Ambey Cycle Store.

➡ Purchased cycle. No Entry in the books because Cycle is not mentioned in the question.

20. Purchased 5 Refrigerator at 20,000 per piece and 10 Washing Machine at 15,000 per piece at 10% Trade Discount and 5% Cash Discount from Shree Atmaram Electronics Store and amount paid immediately.

➡ Purchased 5 Refrigerator, 10 Washing Machine and received 10% Trade Discount and 5% Cash Discount. Here Cash discount means all the things are purchased by paying the cash. Therefore received cash discount.

25. Placed an order to Smt. Babita for supplying 20 piece T.V. sets at 30,000 per piece and 5 Washing Machines at 21,000 per piece.

➡ Placed an order of T.V. and Washing Machines. No entry in the books of accounts because the order placed is not yet received. 

31. From Shree Gokuldham Electronics Store, purchased 5 piece T.V. sets at 30,000 per piece and 5 Washing machine at 23,000 per piece. Trade discount at 10% invoice no. 123. 

➡ Purchased 5 piece T.V. sets and 5 Washing machine on credit from shree gokuldham electronics store.