questions on subsidiary books, trial balance, simple & two coloumn cash book
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Fundamental accounting --- Subsidiary books Problem 01 2011 Jan 1 purchased from Michel, Bangalore 10quintals of wheat at Rs 500 per quintal Jan 10 purchased from adam, Mumbai 20 quintals of rice at Rs100 per quintal Jan 19 purchased from steve, kolkota 50 quintals of sugar at Rs 200 per quintal Jan 24 purchased from allam, Chennai 10 quintals of Jower at Rs 100 per quintal Jan 25 bought from Dilip, Bombay: 3 washing machine at Rs 5000 per machine 4 colour TV at Rs 4000 per Tv 5 Fans (table) at Rs 500 per table fan Jan 26 bought from Kapil, Bombay: 10 VCR at Rs 5000 per VCR 5 Iron box at Rs 4000 per Iron box Problem 02 From the following transactions, prepare the purchase book and post them into ledger 2011 Jan 1 purchased goods from bharat traders delhi Rs 25000, trade discount at 5%, packing, forwarding and other expenses Rs 500, invoice no. B-101, LF-10 Jan 5 purchased goods from Karnataka traders, Bangalore, Rs 30000, trade discount at 10% Anil Kumar K.Y department of commerce SIMS Page 1
Transcript of questions on subsidiary books, trial balance, simple & two coloumn cash book
Fundamental accounting --- Subsidiary books
Problem 01
2011 Jan 1 purchased from Michel, Bangalore 10quintals of wheat at Rs 500 per quintal
Jan 10 purchased from adam, Mumbai 20 quintals of rice at Rs100 per quintal
Jan 19 purchased from steve, kolkota 50 quintals of sugar at Rs 200 per quintal
Jan 24 purchased from allam, Chennai 10 quintals of Jower at Rs 100 per quintal
Jan 25 bought from Dilip, Bombay:
3 washing machine at Rs 5000 per machine
4 colour TV at Rs 4000 per Tv
5 Fans (table) at Rs 500 per table fan
Jan 26 bought from Kapil, Bombay:
10 VCR at Rs 5000 per VCR
5 Iron box at Rs 4000 per Iron box
Problem 02
From the following transactions, prepare the purchase book and post them into ledger
2011 Jan 1 purchased goods from bharat traders delhi Rs 25000, trade discount at 5%,
packing, forwarding and other expenses Rs 500, invoice no. B-101, LF-10
Jan 5 purchased goods from Karnataka traders, Bangalore, Rs 30000, trade discount at 10% packing, forwarding and other expenses Rs 600, invoice no. B-202, LF-15
Jan 25 purchased goods from Karnataka traders, Bangalore, Rs 40000, trade discount at
10% packing, forwarding and other expenses Rs 400,and VAT @ 12% invoice
No-N303, LF-20
Jan 26 purchased for cash from abay & co 20 kanchivaram sarees at Rs 2000 per saree.
Anil Kumar K.Y department of commerce SIMSPage 1
Fundamental accounting --- Subsidiary books
Problem 03
From the following transactions, prepare the sales book
Feb 1 sold goods to kalyani 15 reels at Rs 300
Feb 5 sold to subhas 18 reels at Rs 280
Feb 7 sold to vikas 10 reels at Rs 250
Feb 15 sold to pooja 16 reels at Rs 290
Feb 20 sold to arun 15 Reels at Rs 310
Feb 21 sold to mohith, Bangalore 10 quintals of rice at Rs 2200 per quintal
Feb 22 sold to mansi, Bangalore 5 quintals of wheet at Rs 2000 per quintal
Feb 25 sold to mohan of belgaum 10 quintals of rice at Rs 2400 per quintal and allowed him trade discount of 10%.
Problem 04
From the following transactions, prepare the sales book
Jan 25 sold the following goods to ramnath as per invoice no 123 LF200
3 washing machine at Rs 5000 per machine
4 colour TV at Rs 4000 per Tv
Discount at 10% packing and other expenses Rs 500
Jan 26 sold the following goods to ramnath as per invoice no 125 LF 111
10 VCR at Rs 5000 per VCR
5 Iron box at Rs 4000 per Iron box
Discount at 10%, VAT @ 4% packing and other expenses Rs 500.
Problem 05
From the following transactions, prepare the purchase rerturn book and post them in ledger.
May 1 returned goods to Anand Bangalore Rs 1000
May 2 returned goods to atmanada mysore Rs 2500
Anil Kumar K.Y department of commerce SIMSPage 2
Fundamental accounting --- Subsidiary books
May 3 returned goods to barath traders, delhi worth Rs 2500, trade discount at 5%, debit note no 25, LF 10
May 4 return goods to national traders, Mumbai worth Rs 4000, trade discount at 10% VAT @ 8%, debit note no 26, LF 11.
Problem 06
Enter the following in the sales return book:
June 01 ajay returned goods to us Rs 1000
June 04 rajesh, Bangalore returned us goods Rs 2000
June 15 sampras returned us goods Rs 1000
June 24 goods worth Rs 1000 was returned to us by baskar
Problem 07
From the following transactions prepare purchase book, sales book, purchase return book, sales return book.
July 01 bought 5 dozen of accountancy books from archana stores at Rs 120 per book.
July 03 sold 60 management books to chetan stores @ 40 per book
July 5 purchased 50 economics books @ 70 per book from amar book stores,less 10%
July 8 brought machinery worth Rs.4000 from Ganesh stores
July 10 Returned 5 accountancy books to Archana stores
July 12 sold 10 dozen note books to Triveni stores at Rs.12 per book
July 15 chetan stores returned 4 management books
July 17 bought goods worth Rs.1800 from Anil stores
July 21 returned 8 economics books to Archana stores
July 23 sold goods worth Rs.4000 to Balaji stores
July 25 120 english books sold to Ganesh stores at 240 per dozen
July 27 goods worth Rs.400 sent back to Anil stores
July 30 sent credit note to balaji stores for Rs500
Anil Kumar K.Y department of commerce SIMSPage 3
Fundamental accounting --- Subsidiary books
Problem 08
Enter the following transactions in the subsidiary books of Soundarya saree shop
July 01 purchased from pathi silk Kendra,100 silk sarees at Rs.250 each
July 05 purchased from NSR and co. 200 kanchi silk sarees at Rs.1000 each
July 07 sold kumar on account, 50 printed sarees at Rs.300 each,100 kanchi sarees at Rs.1000each
July 08 claimed for damaged from pathi silk Kendra Rs.500
July 09 returned damaged goods to NSR&co.5 kanchi silk sarees
July 12 purchased from sudarshan silks 150 Mysore silk sarees at Rs.250 each,100 Handloom sarees at 750 each
July 15 sold to kala on account, 20 printed sarees at Rs.300 each, 25 kanchi sarees at Rs.1300 each,20 mysore silk sarees at Rs.300 each, less trade discount at 5%
July 20 sold to kusum sarees,50 handloom sarees at Rs.1000 each.
July 21 kumar returned 10 printed sarees and 20 kanchi sarees
July 25 returned sudarshan silks 25 mysore silk
July 27 returned from kusum sarees, 10 nandi brand sarees at Rs.1000 each.
Problem 09
Enter the following in appropriate subsidiary books and post them to ledger
June 1 bought goods frome ashok 20000
6 sold goods to bharath 10000
8 bought goods from ashok 15000
10 sold goods to bharath 7000
12 returns from barath 500
15 returns to ashok 500
18 sold goods to chandru for Rs 40000 subject to a trade discount of 20%
20 purchased goods from ashok for Rs 80000 subject to a trade discount of 25%
Anil Kumar K.Y department of commerce SIMSPage 4
Fundamental accounting --- Subsidiary books
Problem 10
From the following transactions prepare purchase book, sales book, purchase return book, sales return book.
1 purchased goods from punith delhi Rs 9002 sold goods to sanjoy Bombay Rs 10003 sold goods to vinodh madras Rs 20004 bought goods from Vicky, Bangalore Rs 15005 sanjay return goods Rs 2006 returned goods to punith Rs 2007 sold goods to ganesh, Bangalore worth Rs 5000 subject to trade discount of 10%8 vinod return goods Rs 300.
Anil Kumar K.Y department of commerce SIMSPage 5
