Livestock Economics, Marketing and Business Management

PROBLEM

• Show the method of recording and posting the transactions during January 2004 given below in the appropriate books of accounts:
  • January 1 Bought goods from Kumar Rs.5500
  • 4 Sold goods to David Rs.3750
  • 8 Purchases from Kumar Rs.2750 and Rajesh Rs.7500
  • 11 Sales to David Rs.4650 and Anand Rs.3600
  • 14 Returns to Rajesh Rs.500
  • 17 Anand returns Rs.600 goods
  • 19 David returned goods worth Rs.650
  • 22 Anand brought goods worth Rs.3500
  • 25 Kumar sold us goods worth Rs.5250
  • 28 Returns from Anand Rs.1250
  • 29 Returns to Kumar Rs.250

Solution

Purchases Book

Date	Name of Particulars	V.No	L.F	Amount(Rs)
January 1	Kumar			5500
8	Kumar			2750
	Rajesh			7500
25	Kumar			5250
				21000

Purchases Return Book

Date	Name of Particulars	V.No	L.F	Amount(Rs)
January 14	Rajesh			500
29	kumar			250
				750

Sales Book

Date	Name of Particulars	V.No	L.F	Amount(Rs)
January 4	David			3750
11	David			4650
	Anand			3600
25	Anand			3500
				15500

Sales Return Book

Date	Name of Particulars	V.No	L.F	Amount(Rs)
January 17	Anand			600
19	David			650
28	Anand			1250
				2500