1.

Prepare proper subsidiary books and post them to the ledger from the following transactions for the month of February 2017:2017February Rs 01 Goods sold to Sachin 5,000 04 Purchase from Kushal Traders 2,480 06 Sold goods to Manish Traders 2,100 07 Sachin returned goods 600 08 Returns to Kushal Traders 280 10 Sold to Mukesh 3,300 14 Purchased from Kunal Traders 5,200 15 Furniture purchased from Tarun 3,200 17 Bought of Naresh 4,060 20 Return to Kunal Traders 200 22 Return inwards from Mukesh 250 24 Purchased goods from Kirit & Co. for list price of 5,700 less 10% trade discount 25 Sold to Shri Chand goods 6,600 less 5% trade discount 26 Sold to Ramesh Brothers 4,000 28 Return outwards to Kirit and Co. 1,000 less 10% trade discount 28 Ramesh Brothers returned goods Rs 500.

Answer» Prepare proper subsidiary books and post them to the ledger from the following transactions for the month of February 2017:

2017

February












































































































Rs


01


Goods sold to Sachin


5,000


04


Purchase from Kushal Traders


2,480


06


Sold goods to Manish Traders


2,100


07


Sachin returned goods


600


08


Returns to Kushal Traders


280


10


Sold to Mukesh


3,300


14


Purchased from Kunal Traders


5,200


15


Furniture purchased from Tarun


3,200


17


Bought of Naresh


4,060


20


Return to Kunal Traders


200


22


Return inwards from Mukesh


250


24


Purchased goods from Kirit & Co. for list price of


5,700




less 10% trade discount




25


Sold to Shri Chand goods


6,600




less 5% trade discount




26


Sold to Ramesh Brothers


4,000


28


Return outwards to Kirit and Co.


1,000




less 10% trade discount




28


Ramesh Brothers returned goods Rs 500.





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