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11th Standard English Medium Accountancy Subject Subsidiary Books - I Creative 5 Mark Questions with Solution Part - I

Published on: 30/06/2021

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Questions:

Generic 5

5 x 5 = 25

Visit a stationery shop nearby. Observe its business activities for a week. After having discussed with the shop keeper, prepare a list of purchased and sold items by the shop. Record them in the appropriate books.

Enter the following transactions in proper special journal of M/s. Saveetha & Co. 2017.

2017 March 1	Purchased 80 bags of wheat from Shruti @ Rs 2,200 per bag, less trader discount 10% as per Invoice No. 70
March 7	Bought 40 bags of rice form Beula @ Rs 3,200 per bag, less trader discount 5% per invoice No. 72
March 12	Sold to Sheela 35 bags of wheat @ Rs 2,600 per bag as per Invoice No. 75
March 15	Returned to Shruthi 5 bags of wheat as per Debit Note No.7
March 17	Sold to Apoorva 20 bags of wheat @ Rs 2,700 per bag. Less trade discount 10% as per Invoice no. 86
March 20	Sheela returned 5 bags of wheat as per Credit Note no. 10
March 24	Bought 20 bags of rice from Neela @ Rs 3,400 per bag as per Invoice no. 74
March 25	Apoorva returned 4 bags of wheat
March 27	Sold to Pooja 30 bags of rice @ Rs 3,700 per bag less trade discount 10.% as per Invoice No. 90.
March 29	Returned to Neela 4 bags of rice as per debit Note No.8

Record the following transactions in the proper subsidiary books of Mis. Sunil & Co., and cost them to the Ledger.

2013 Apr 1	Goods sold to Ramesh Rs. 1,000
Apr 5	Sold goods to Kumar Rs. 2,200
Apr 8	Sold goods to Shankar Rs. 300
Apr 10	Goods returned by Kumar Rs. 600
Apr 15	Credit Note sent to Shankar for Rs. 200 being the Invoice overcharged.

Enter the following transactions in the appropriate special Journal of M/s. Sita & Co.

2012 Oct 2	Bought goods from Satish Rs. 2,400 as per Invoice No.63
Oct 4	Sold to Sivagami goods Rs. 1,600 as per Invoice No. 71
Oct 7	Returned to Satish goods of Rs. 250 as per Debit note. 4
Oct 8	Sivagami returned goods Rs. 150 as per Credit note. 8
Oct 12	Sold to Vijaya goods of Rs. 950 as per Invoice No. 72
Oct 14	Purchased from velan goods worth Rs. 1,100
Oct 18	Returned to Sampath goods worth Rs. 150 as per Debit note No.5
Oct 22	Vijaya returned goods of Rs. 240 Credit No.9

From the following information, prepare necessary subsidiary books of M/s. ABC Computers:

2016 March 3	Bought 12 printers from Rajeev & Co. at market price Rs. 10,000 each less 15% Trade Discount
March 7	Bought office furniture from Hemant & Co. for Rs. 12,500
March 9	Sold 280 CD's to J.V.M. Graphics for Rs. 4,000
March 12	Sold 5 computers to Vig & Sons @ Rs. 25,000 each. Less 10% Trade Discount.
March 17	Returned 2 printers to Rajeev & Co. Market price Rs. 6,500 each. Less: 15% Trade Discount.
March 21	Sold old Furniture for Rs. 1,200
March 27	1 Computer returned by Vig & Sons for Rs. 18,000
March 30	Sold 1printer to Gupta & Co. @ Rs. 8,500 for Cash.

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Answers Key:

Generic 5

5 x 5 = 25

R.R. Store is a stationary shop in Kodambakkam, the following transactions have been recorded.

2017
April 1	Purchased on credit from Kumar traders
	10 packs of A4 sheets @ Rs. 150 per pack
	10 dozens of writing pads @ Rs. 500 per dozens
April 2	Purchased for cash from Rajan
	15 packs ofA4 sheets @ Rs. 175 per pack
April 3	Sold on credit to Vimal
	10 packs of A4 sheets @ Rs. 300 per pack
	10 dozens of writing pads @ Rs. 800 per dozens
April 4	Sold for cash to Malar
	10 packs of A4 sheets @ Rs. 250 per pack

Purchase book
Date	Particulars	Invoice No.	L.F.	Amount
Date	Particulars	Invoice No.	L.F.	Details (Rs)	Total (Rs)
2017
April 1	Kumar Traders
	10 packs of 4A sheets @ Rs. 150 per pack			1,500
	10 dozens of writing pads @ Rs. 500 per dozen			5,000	6,500

	Purchases A/c Dr.				6,500

Sales book
Date	Particulars	Invoice No.	L.F.	Amount
Date	Particulars	Invoice No.	L.F.	Details (Rs)	Total (Rs)
2017
April 3	Vimal
	10 packs of A4 sheets @ Rs. 300 per pack			3,000
	10 dozens of writing pads @ Rs. 800 per dozen			8,000	11,000

	Sales A/c Cr.				11,000

In the Books of M/s. Saveetha & Co., I. Purchases Book
Date	Particulars	Inward Invoice no.	L.F.	Amount
Date	Particulars	Inward Invoice no.	L.F.	Details (Rs)	Total (Rs)
2017 March 1	Shruti 80 bags of wheat @ Rs 2,200 Less : Trade Discount @ 10%	70		1,76,000 17,600	1,58,400
March 7	Beula 40 bags of rice @ Rs 3,200 Less : Trade Discount @ 5%	72		1,28,000 6,400	1,21,600
March 24	Nela 20 bags of rice @ Rs 3,400	74			68,000
	Purchases A/c Dr.				3,48,000

II. Purchase returns book
Date	Particulars	Debit Note No.	L.F.	Amount		Remarks
Date	Particulars	Debit Note No.	L.F.	Details (Rs)	Total (Rs)	Remarks
2017 March 15	Shruthi 5 bags of wheat @ Rs 2,200	7		11,000 1,100	9,900
March 29	Neela 4 bags of rice @ Rs 3,400	8			13,600
	Purchase return A/c Cr.				23,500

III. Sales book
Date	Particulars	Inward Invoice no.	L.F.	Amount
Date	Particulars	Inward Invoice no.	L.F.	Details (Rs)	Total (Rs)
2017 March 12	Sheela 35 bags of wheat @ Rs 2,600	75			91,000
March 17	Apoorva 20 bags of wheat @ Rs 2,700	86		54,000 5,400	48,600
March 27	Pooja 30 bags of rice @ Rs 3,700 Less : Trade Discount 10%			1,11,000 11,100	99,900
	Sales A/c Cr.				2,39,500

IV. Sales return book
Date	Particulars	Debit Note No.	L.F.	Amount		Remarks
Date	Particulars	Debit Note No.	L.F.	Details (Rs)	Total (Rs)	Remarks
2017 March 20	Sheela 5 bags of wheat @ Rs 2,600	10			13,000
March 25	Apoorva 4 bags of wheat @ Rs 2,700 Less : Trade Discount 10%			10,800 1,080	9,720
March 25					9,720
	Sales return A/c Dr.				22,720

In the Books of M/s. Sunil & Co., Sales Book
Date	Particulars	Outward Invoice No.	L.F.	Amount
Date	Particulars	Outward Invoice No.	L.F.	Details (Rs)	Total (Rs)
2013 Apr 1	Ramesh				1,000
Apr 5	Kumar				2,200
Apr 8	Shankar				300
	Sales A/c Cr.				3,500

Dr. Ledger Accounts Sales Account Cr.
Date	Particulars	J.F	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
				2013 Apr 30	By sundries as per sales book		3,500

Dr. Ramesh Account Cr.
Date	Particulars	J.F	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2013 Apr 1	To Sales A/c		1,000

Dr. Kumar's Account Cr.
Date	Particulars	J.F	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2013 Apr 5	To Sales A/c		2,200

Dr. Shankar's Account Cr.
Date	Particulars	J.F	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2013 Apr 8	To Sales A/c		300

Sales Return Book
Date	Particulars	Credit Note No.	L.F.	Amount		Remarks
Date	Particulars	Credit Note No.	L.F.	Details (Rs)	Total (Rs)	Remarks
2013 Apr 10	Kumar				600	The Invoice over changed
Apr 15	Shankar				200
	Sales return A/c Dr.				800

Dr. Sales Return Book Cr.
Date	Particulars	J.F	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2013 Apr 30	To Sundries as per Sales return Book		800

Dr. Kumar's Account Cr.
Date	Particulars	J.F	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
				2013 Apr 10	By Sales Return A/c		600

Dr. Shanker's Account Cr.
Date	Particulars	J.F	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
				2013 Apr 15	By Sales Return A/c		200

In the books of M/s. Sita & Co., I. Purchases Book
Date	Particulars	Inward Invoice No.	L.F.	Amount
Date	Particulars	Inward Invoice No.	L.F.	Details (Rs)	Total (Rs)
2012 Oct 2	Satish	63			2,400
Oct 14	Velan				1,100
	Purchase A/c Dr.				3,500

II. Purchase Returns Book
Date	Particulars	Debit note No.	L.F.	Amount		Remarks
Date	Particulars	Debit note No.	L.F.	Details (Rs)	Total (Rs)	Remarks
2012 Oct 7	Satish	4			250
Oct 18	Sampath	5			150
	Purchases return A/c Cr.				400

III. Sales Book
Date	Particulars	Outward Invoice No.	L.F.	Amount
Date	Particulars	Outward Invoice No.	L.F.	Details (Rs)	Total (Rs)
2012 Oct 4	Sivakami	71			1,600
Oct 12	Vijaya	72			950
	Sales A/c Cr.				2,550

IV. Sales Return Book
Date	Particulars	Credit Note No.	L.F.	Amount		Remarks
Date	Particulars	Credit Note No.	L.F.	Details (Rs)	Total (Rs)	Remarks
2012 Oct	Sivakami	4			150
Oct 22	Vijaya	9			240
	Sales return A/c Dr.				390

In the Books of M/s. ABC Computers I. Purchases Book
Date	Particulars	Inward Invoice No.	L.F.	Amount
Date	Particulars	Inward Invoice No.	L.F.	Details (Rs)	Total (Rs)
2016 March 3	Rajeev & Co. 12 printers @ Rs. 10,000 Less : Trade Discount @ 15%			1,20,000 18,000	1,02,000
	Purchases A/c Dr.				1,02,000

II. Sales Book
Date	Particulars	Inward Invoice No.	L.F.	Amount
Date	Particulars	Inward Invoice No.	L.F.	Details (Rs)	Total (Rs)
2016 March 9	J.V.M. Graphics 280 CD's				4,000
March 12	Vig & Sons 5 computers @ Rs. 25,000 each Less : Trade Discount 10%			1,25,000 12,500	1,12,500
March 21	Intex Software 5 CD writers @ Rs. 4,500 each Less : Trade Discount 5 %			22,500 1,125	21,375
	Sales A/c Cr.				1,37,875

III. Purchase returns book
Date	Particulars	Debit Note No.	L.F.	Amount		Remarks
Date	Particulars	Debit Note No.	L.F.	Details (Rs)	Total (Rs)	Remarks
2016 March 17	Rajeev & Co. 2 Printers @ Rs. 6,500 each Less : Trade Discount 15%			13,000 1,950
	Purchases return A/c Cr.				11,050