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P1 C6 Subsidiary Books — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP1 C6 Subsidiary Books12 Marks
Question
From the following transactions, prepare columnar purchase book, sales book, purchase returns book and sales returns book in the book of Shree Pushpa Trading Company, which deals in cereals.$2015$ Sep
$1$ Purchased from Bhavna Trading Company $1000 \ kg$ of Wheat at $₹ 20$ per $\ kg$ , $400 \ kgs$ of Rice at $₹ 40$ per $\ kg$ and $500 \ kg$ Bajra at $₹ 15$ per $kg$ at $10\%$ trade discount.
$3$ Purchased from Pratibha traders $500 \ kg$ of Wheat at $₹ 25$ per $\ kg$ and $300 \ kg$ of Bajra at $₹ 12$ per $kg$ on $1$ month credit. Invoice no. $223$.
$8$ Sold to Khushi Traders $700 \ kg$ Wheat at $₹ 30$ per $\ kg$ and $200 \ kg$ Rice at $₹ 50$ per $kg$. Trade discount $10\%$. Invoice no. $102$.
$12$ Purchased from Ram-Rahim Trading Company $300 \ kg$ Wheat at $₹ 15$ per $\ kg .50\%$ of the amount paid immediately. Invoice no. $250.$
$15$ Khushi Traders returned $100 \ kg$ Wheat as the same was of inferior quality. Issued credit note no. $10$ was given for the same.
$18$ Goods received back from Khushi Traders was sent to Pratibha Traders. Debit Note no. $15$.
$20$ Purchased $400 \ kg$ Wheat at $₹ 20$ per $\ kg$ from Hetvi Traders on cash. Cash discount $10\%$. Invoice no. $40$.
$21$ $50 \ kg$ Wheat returned to Hetvi Traders and immediately cash received.
$23$ Purchased from Pooja Traders $500 \ kg$ Rice at $₹ 60 per \ kg$ and $1000 \ kgs$ Bajra at $₹ 18$ per $\ kg$. Trade discount $10\%$, credit $1.5$ month. Invoice no. $301$ .
$25$ $50\%$ of the goods purchased from Pooja Traders were sold to Prarthna Traders, by adding $20\%$ profit. Invoice No. $115.50\%$ of the amount was paid immediately by Prarthna Traders.
$27$ Prarthna Traders returned $50\%$ of the goods which was immediately returned to Pooja Traders.
$30$ Archana Trading Company placed an order for supplying $800 \ kgs$ Wheat at $₹ 30$ per $\ kg$ and $400 \ kg$ Rice at $₹ 70$ per $\ kg.$
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Answer

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Note : Date $20$ and $21$ : Cash purchase transactions shall not be recorded.
Date $30$ : Non-financial transaction will not be recorded.

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From the following Trial Balance of Sajan as on $31-03-2015$ and additional and additional
Adjustments : 
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From the following transactions prepare purchase book, sales book, purchase returns book and sales return book in the book of Shri Hasmukhbhai.$2015$ January
$1$ Purchased goods of $₹ 10,000$ from Dhruvil at 10\% trade discount. Bill no. $110 .$
$3$ Purchased goods of $₹ 4000$ from Komal at 10\% cash discount. Credit $2$ months.
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Pass journal entries the following transactions in the books of Shri Ashwin Patel of Ahmedabad for January $2019. GST\ 6\%$ and $SGST\ 6\%$ are applicable to the business transactions of Shri Ashwin Patel. At the same time $IGST\ 12 \%$ is applicable. $GST$ is not included in the following transactions. Pass journal entries by adding applicable $GST.$
$2014$
Jan.
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$4$ Goods of $Rs. 8000$ is purchased from Amulbhai of Anand.
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Prepare final account from the Trial Balance and adjustments of Deepak as on $31-3-2015:$
Name of Account Debit(Rs.) Credit(Rs.)
Capital Drawings $18,000$ $3,00,000$
Adjusted Purchase-Sales $8,00,000$ $12,91,000$
Goods Return $50,000$ -
Discount $6,000$ $8,000$
Rent $7,000$ -
Debtors-Creditors $1,10,000$ $90,000$
Commission $8,000$ -
Bills $20,000$ $30,000$
Cash Balance $20,000$ -
Bank Balance $90,000$ -
Building $1,50,000$ -
Furniture $40,000$ -
Machinery $3,00,000$ -
Wages $60,000$ -
Carriage Inward $60,000$ -
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Closing Stock $40,000$ -
Office Expenses $1,20,000$ -
Total $19,19,000$ $19,19,000$
Adjustments:
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The following is the trial balance of Dhaval as on $31-03-2015.$

Adjustments :
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$(2)$
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$(3)$ Commission of $₹ 3000$ is receivable.
$(4)$ Calculate $10 \%$ interest on Capital and $12 \%$ interest on Drawings.
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$(2)$ A cheque of $Rs. 3,000$ is written and issued to a creditor. But by mistake it is not recorded in pass book.
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Name of Account Amt.(Rs.) Name of Account Amt.(Rs.)
Capital $2,17,000$ Debtors $1,40,000$
Drawings $36,000$ Creditors $60,000$
Sales $6,00,000$ Furniture $(Dt.1-4-2014)$ $1,60,000$
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Sales return $5,000$ Office expenses $30,000$
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Bill receivables $6,000$ Commission received $5,000$
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Interest on $12\%$ debenture $6,000$    
Adjustments :
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$(3)$ Calculate $20\%$ depreciation on furniture.
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$(6)$ Additional capital of $Rs.17,000$ brought in the business as on dt. $1-10-2014.$ Calculate $10\%$ interest on capital.
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Name of Account Debit(Rs.) Credit(Rs.)
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Salary $54,000$ $-$
General Expenses $6,600$ $-$
Tax Insurance $7,200$ $-$
Sundry Debtors $1,20,000$ $-$
Closing Stock $13,200$ $-$
Bank Overdraft $-$ $6,000$
Commission $-$ $9,000$
Advertisement Expenses $9,000$ $-$
Interest $3,000$ $-$
Furniture $48,000$ $-$
Building $1,80,000$ $-$
Motorcar $60,000$ $-$
Capital $-$ $1,42,800$
Drawings $6,000$ $-$
Bad-Debts $3,600$ $-$
Bad-debts Reserve $-$ $6,000$
Loan $-$ $24,000$
Creditors $-$ $12,000$
Bills Receivable $3,000$ $-$
Bills Payable $-$ $9,600$
Carriage-outward $4,000$ $-$
Discount given $3,200$ $-$
Discount received $-$ $2,400$
General Reserve $-$ $30,000$
Cash Balance $21,000$ $-$
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Adjustments:
$(1)$ Salary was paid up to $31-12-2014.$
$(2) Rs.1,200$ being insurance premium for the year ending on $30-09-2015.$
$(3)$ Commission of $Rs.2,000$ is receivable.
$(4)$ Calculate $10\%$ interest on Capital and $12\%$ interest on Drawings.
$(5)$ Calculate depreciation at $5\%$ on furniture at $10\%$ on building and at $20\%$ on motorcar.
$(6)$ From debtor of $Rs.20,000$ write off $50\%.$
$(7)$ Provide $5\%$ bad debt reserve.
$(8)$ Provide $2\%$ debtors discount reserve.
$(9)$ Transfer $Rs.10,000$ to General Reserve. From the above information, prepare final account of $R.K$. Stores for the year ending as on $31-03-2015.$
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Prepare final accounts from the Trial Balance and adjustments of Sajan Readymade Stores as on $31-03-2015.$
Trial Balance of Sajan Readymade Stores as on $31-03-2015$
Name of Account Debit(Rs.) Credit(Rs.)
Capital - $1,08,000$
Drawings $4,800$ -
Opening Stock $8,000$ -
Purchase $70,000$ -
Sales - $1,30,000$
Goods return $6,000$ $10,000$
Salary $30,000$ -
Audit fees $5,000$ -
Rent-Taxes-Insurance $4,800$ -
Stationery-Printing $1,200$ -
Unpaid Salary - $2,500$
Prepaid Insurance premium $400$ $900$ -
Duty on Import goods $900$ -
Commission - $800$
Debtors-Creditors $29,600$ $14,000$
Building $40,000$ -
Addition in Building $(31-12-2014)$ $10,000$ -
Machinery $20,000$ -
Vehicles $8,000$ -
Bills $5,000$ $6,000$
Dividend - $1,000$
Investment in Ram-Rahim Company's Shares $10,000$ -
Advertisement suspense account $4,000$ -
Furniture $6,000$ -
Maintenance expense $3,000$ -
Electricity expense $3,600$ -
Bonus $2,500$ -
Discount $1,000$ -
Bad Debt Reserve - $1,500$
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Adjustments:
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$(2)$ Unrecorded credit sales $Rs.4,400.$
$(3)$ Expense incurred for advertisement campaign on $1-10-2014$ is transferred to advertisement suspense account. This expense is to be written off in $5$ years.
$(4)$ Vehicles of $Rs.20,000$ were purchased on $1-04-2009.$ Scrap Rs. value of vehicles is $Rs.4,000$ and estimated life is $10$ years. Depreciation is to be calculated by straight line method.
$(5)$ Purchase of furniture of $Rs.2,000$ is wrongly debited to purchase account. Furniture was purchase on $1-10-2014.$ Rate of depreciation on furniture is $20\%.$
$(6)$ Calculate interest on capital is $6\%.$ Addition capital of $Rs.8,000$ was brought into business on $1-10-2014.$
$(7)$ Calculate depreciation on building at $10\%$ and rate of depreciation on machinery is $20\%$ at sang line method.
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From the following transactions of Kaushik Patel prepare journal proper.
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$28$ Goods of $Rs.35,000$ is withdrawn for personal use from the business.
$31$ Drew a bill of $Rs. 3,000$ on Zalak which she accepted and returned.
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