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Question
Prepare Purchases book and Sales book in the books of Santhosh Textiles Ltd., from the following transactions given for April, 2017.
| 2017 | Particulars |
| April 1 | Purchased goods from Prasad, Kancheepuram on credit |
| 100 meters Silk @ ₹ 450 per meter | |
| 75 meters Velvet @ ₹ 180 per meter | |
| April 10 | Sold goods to Rathinam, Chennai on credit |
| 60 meters Silk @ ₹ 490 per meter | |
| 50 meters Velvet @ ₹ 210 per meter | |
| April 18 | Nathan & Sons purchased from us on credit |
| 100 meters Silk @ ₹ 510 per meter | |
| April 20 | Purchased goods from Hari Ram & Sons, Madurai on credit |
| 50 rolls kada cloth @ ₹ 730 per roll | |
| 80 rolls cotton cloth @ ₹ 650 per roll | |
| April 24 | Purchased from Mohan, Karur for cash |
| Shirting cloth @ ₹ 7,000 | |
| Sarees @ ₹ 25,000 |
Solution
In the books of Santhosh Textiles Ltd.,
Purchase book
| Date | Particulars | Invoice No. | L.F. | Amount ₹ | |
| Details | Total | ||||
| 2017 | |||||
| April 1 | Prasad, Kancheepuram | ||||
| 100 meters Silk @ ₹ 450 per meter | 45,000 | ||||
| 75 meters Velvet @ ₹ 180 per meter | 13,500 | 58,500 | |||
| April 20 | Hari Ram & Sons, Madurai | ||||
| 50 rolls kada cloth @ ₹ 730 per roll | 36,500 | ||||
| 80 rolls cotton cloth @ ₹ 650 per roll | 52,000 | 88,500 | |||
| Purchases A/c ..............Dr. | 1,47,000 | ||||
Sales book
| Date | Particulars | Invoice No. | L.F. | Amount ₹ | |
| Details | Total | ||||
| 2017 | |||||
| April 10 | Rathinam, Chennai | ||||
| 60 meters Silk @ ₹ 490 per meter | 29,400 | ||||
| 50 meters Velvet @ ₹ 210 per meter | 10,500 | 39,900 | |||
| April 18 | Nathan & Sons | ||||
| 100 meters Silk @ ₹ 510 per meter | 51,000 | 51,000 | |||
| Sales A/c ..............Cr. | 90,900 | ||||
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01 |
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