DEPARTMENT OF TECHNICAL EDUCATION

ANDHRA PRADESH
Name : P. VYDURYAM
Designation : Lecturer
Branch : D.C.C.P
Institute : S.G.M. Govt Polytechnic,
Abdullapurmet
Year/Semester : I Year
Subject : ACCOUNTANCY-I
Subject Code : CCP102
Topic : SUBSIDIARY BOOKS
Duration : 50 Mts
Sub Topic : Exercises on Purchases Book &
Sales Book
Teaching Aids : PPT, Animations
CCP102.47 1
Objectives :

After completion of this class, you would

be able to know:
 How to prepare Purchases Book & Sales
Book
 How to prepare Purchases Account & Sales
Account
 Total the Purchases Book & Sales Book

CCP102.47 2
Structure :
Recap
Preparation of Purchases Book
Preparation of Sales Book
Total the Each Book
Summary
Assignment

CCP102.47 3
Recap :

 Credit Purchases are recorded in Purchases

Book
 Credit Sales are recorded in Sales Book

CCP102.47 4
 Exercise on
Purchase Books
and
Sales Books

CCP102.47 5
Procedure :

 Record all credit purchases in Purchases Book

 Record all Credit sales in Sales Book
 Calculation of Discount
 Total each Book properly
 Open Purchases and Sales accounts
 Post the totals of purchase book and sales
book into A/c’s

CCP102.47 6
Record the Following Transactions in
Proper Subsidiary Books :
2006
Nov Rs.
1 Bought goods from Sheetal 13,000
3 Sold goods on Credit to kailash
(Trade discount 10% ) 18,000
8 Cash sales to Rakesh 22,000
16 Purchased goods from Varma 10,000
19 Bought goods from Prateek
(Trade discount 5%) 7,000
25 Sold goods to Sushant 8,000
28 Sold goods to Manohar 10,000
CCP102.47 7
Working Notes:

2006
Nov 3 (Calculation of Trade Discount 10%
on sold goods) :
18,000 x 10/100 = 1,800
18,000 – 1,800 = 16,200
Nov 19 (Calculation of Trade Discount 5% on
Purchased goods)
7,000 x 5/100 = 350
7,000 – 350 = 6,650

CCP102.47 8
 Purchases Book

Date Particulars Inward L Amount

Invoice F Rs.
No.
2006
Nov 1 Sheetal 13,000
Varma 10,000
16 Prateek 6,650
19 ------------
Total 29,650
------------
CCP102.47 9
 Sales Book

Date Particulars Outward L Amount

Invoice No. F Rs.

2006
Nov 3 Kailash 16,200
Sushant 8,000
25 Manohar 10,000
28 ------------
Total 34,200
------------

CCP102.47 10
 Purchases Account Cr
Dr
Date Particulars J. Amt Date Particulars J. Amt
F Rs F Rs

2006
Nov To Sundry
31 Creditors 29,650

CCP102.47 11
 Sales Account

Dr Cr
Date Particulars J. Amt Date Particulars J. Amt
F Rs F Rs
2006
Nov By Sundry 34,200
31 Debtors

CCP102.47 12
Summary :

 Preparation of Purchase book & Sales Book

 Postings into Purchases Book & Sales Book
 Calculation of Trade Discount
 Total each Book
 Preparation of Purchases Account and Sales
Account

CCP102.47 13
Frequently Asked Questions
:
 Give the proforma of Purchases Book and
Sales Book?
 What is the need for Subsidiary Books?

CCP102.47 14
Assignment :
Record the following transactions in
subsidiary books and post them into ledger
(Individual a/c are not necessary)
1999
Dec Rs.
1 Goods purchased from Kishore 15,000
7 Purchased goods for cash 14,000
12 Sold goods to Sridhar 10,000
18 Bought goods from Kiran
(Trade discount 20%) 11,000
23 Sold goods to Naveen 6,000
27 Bought goods from Rohit 8,000
29 Sold goods to Shravan 10,000
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Thank You

CCP102.47 16