Livestock Economics, Marketing and Business Management

Problems to solve

PROBLEMS

• To illustrate the given transactions during the month of August 2005 in the appropriate books of accounts by using the method of recording and posting.
  • August 2005
  • 1 Purchases from Anbu Rs.3000
  • 7 Purchases from Babu Rs.6000
  • 10 Sold goods to Kumar Rs.4000
  • 15 Bought goods from Babu Rs.2800
  • 17 Sales to Anand Rs.3300
  • 19 Sales to David Rs.4000
  • 20 Returns to Babu Rs.500
  • 21 Anand returns Rs.600 worth of goods
  • 22 David return Rs.800
  • 23 Anand bought of goods Rs.3000
  • 24 Babu sold as goods for the value of good Rs.8200
  • 25 Returns from Anand Rs.1300
  • 27 Returns to anbu Rs.300
• Write up the appropriate subsidiary books for the following particulars during the month of July 2005
  • July 1 Drawn a two months bill from Balu for Rs.8000
  • 6 Accepted Kannan’s bill for Rs.6000 payable at two months
  • 8 Received from Sekar his acceptance for Rs.3000
  • 12 Sent Kumar acceptance for Rs.300
  • 17 Rajesh endorsed in Sudhan’s favour an acceptance for Rs.4500
  • 18 Babu accepted Mohan’s draft for Rs.8500
  • 25 Krishna drew on Mohan at three months
  • 28 Drew a bill at two months on Shankar for Rs.3000
  • 29 Shankar accepted Mohan’s draft for Rs 5500