This illustration is all about Purchase, Sales Purchase Return , and Sales Return of Material.
1. Purchased goods for Rs. 20000 cash
2. Purchased goods for Rs. 10000 from Ram
3. Purchased goods for Rs. 4000 from Ravi for cash
4. Purchased materials for Rs. 4000 from Hari, he allowed us 10% trade discount.
5. Tarun sold goods to us for Rs. 3000 out of which Rs. 1000 were to paid him immediately
6. Timber purchased from Deepak Furniture for cash Rs. 82500.
7. Goods Rs. 100000 Purchased from Sai Industries with GST@12%
8. Goods Sold for cash Rs. 10000
9. Cash Sales Rs. 2000
10. Goods sold to Rajesh for cash Rs. 4000.
11. Goods sold to Mahesh for Rs. 12000
12. Goods sold to Tara for cash RS. 2000 & on Credit Rs.6000
13. Nandu Purchased goods from us for Rs.1200.
14. Goods Costing Rs.2500 sold to Ramesh at Rs.3000 &Allowed him 5%Trade Discount.
15. Goods sold to Niharika Sales Rs. 50000 with GST@ 12%.
16. Goods sold to Rajiv Rs. 12000 & allowed him 10% Trade Discount & 5% Cash Discount for Payment in 15 days. He Paid 50% in Cash.
17. Goods Returned by Raj Rs. 200.
18. Sales Returns from Hari Rs. 400
19. Goods Returned back to Parag Rs. 140.
20. Defected goods Retreturned to Rajesh Rs. 300
21. Goods of Rs. 400 sold previously to Hari at Rs. 600 returned by him which in turn returned to Wasim from whom these were purchased.
22. Returned goods of Rs. 400 to Arun had been purchased for cash but amount has not been recovered yet.
Solutions
1 Purchase A/c Dr. 20000
To cash A/c 20000
2 Purchase A/c Dr. 10000
To Ram A/c 10000
3 Purchase A/c Dr. 4000
To cash A/c 4000
4 Purchase A/c Dr. 3600To Hari's A/c 36005
5 Purchase A/c Dr. 3000
To Tarun A/c 2000 To cash A/c 1000
6 Purchase A/c Dr. 82500To cash A/c 82500
7 Purchase A/c Dr. 100000
Input CGST A/c Dr 6000
Input SGST A/c Dr 6000
To Sai Industries A/c 112000
8 Cash A/c Dr. 10000To Sales A/c 10000
9 Cash A/c Dr. 2000
To Sales A/c 2000
10 Cash A/c Dr. 4000
To Sales A/c 4000
11 Mahesh A/c Dr. 12000
To Sales A/c 12000
12 Cash A/c Dr. 2000 Tara A/c Dr. 6000
To Sales A/c 8000
13 Nandu A/c Dr. 1200To Sales A/c 1200
14 Ramesh A/c Dr. 2850To Sales A/c 2850
15 Niharika Sales A/c Dr. 56000
To Output SGCT 3000
To Output CGST 3000
To Sales A/c 50000
16 Cash A/c Dr. 5130
Rajiv A/c Dr. 5400
Discount allowed A/c Dr. 270
To Sales A/c 10800
17 Sales Return A/c Dr. 200
To Raj A/c 200
18 Sales Return A/c Dr. 400
To Hari A/c 400
19 Parag A/c Dr. 140
To purchase Return A/c 140
20 Raja A/c Dr 300
To purchase Return A/c 300
21 Sales Return A/c Dr. 600
To Hari A/c 600
Wasim A/c Dr. 400
To Purchase Return A/c 400
22 Arun A/c Dr. 400
To Purchase Return A/c 400
