Q.

3 Journalise the following transaction:

Ans.

Date Particulars LF Debit Credit

(Rs.) (Rs.)
01.01. Purchase a/c 10.000
09 Dr.
10.000
To Cash A/c

(Bought goods for Rs. 10.000)

02.01. Purchase a/c 20.000

09 Dr.
20.000
To X

(Purchased goods from X Rs. 20.000)

03.01. Purchase a/c 30.000

09 Dr.
30.000
To Y

(Bought goods from Z)

04.01. Purchase a/c 27.000

09 Dr.
27.000
To Z

(Purchased goods from Z)

05.01. Purchase a/c 1.00.000
09 Dr.
40.000
To Bank
58.800
To Cash a/c
1.200
To Discount

(Bought goods of the list price of Rs.

1.25.000 From M less 20% trade
discount and 2% cash discount)
06.01. Cash a/c 2.000
09 Dr.
2.000
To Purchase return a/c

(Returned 10% of the goods supplied by

X)

07.01. Cash a/c 3.000

09 Dr.
3.000
To Purchase return a/c

(Returned 10% of the goods supplied by

Y)

Note:-

On 05.01.09 it’s assumed that all the payment are made on same day of
purchase.