Prepare Purchase Book assuming CGST 9% and SGST 9%. Purchased from Amitabh Shirts, New Delhi for cash :. Purchased from Garden Furniture House, Kolkata Rs. Less: 20% Trade Discount and freight charges payable Rs. Purchased from Appolo Garments, Kerala :. Less: Trade Discount 20% and freight charges payable Rs. Purchased from Fashion House, Mumbai (Maharashtra) :. Question 2: M/s Ram Narain & Sons of Kerala, who are dealers in readymade garments, purchased the following :- 2017 Purchased for cash from Gopi Chand Haldi Ram, Delhi :-īought Furniture for office use from New Furniture House, Faridabad on Credit : Purchased from Surya Traders, Lucknow (U.P) Purchased from Bharat Bhushan & Sons, Varanasi (U.P) :. Question 1: Prepare a Purchase Book in the books of M/s Modern Furniture House, Lucknow (U.P) from the following transactions assuming CGST 6% and SGST 6% :- 2017īought from Mohan Lal & Co., Kanpur (U.P) :. Credit-based acquisitions of equipment.Ģ.) Making arrangements for loans in question. Solution 3: Below are the entries from which we should have maintained all the subsidiary books in the organization in a journal:-ġ.) Fixed asset acquisitions on credit, i.e. Question 3: Name the various entries which have to be passed through a journal through we might have kept all the subsidiary books in the business. It is referred to as a credit note since the account of the party from whom items are returned is paid with the amount written in the note. Solution 2: Debit note:- When items are returned by the consumer, a debit note is prepared by the buyer which is considered a debit note since the account of the party is debited with the sum written in it.Ĭredit note:- When the items exchanged are retrieved, a credit note is prepared by the vendor. Question 2: Explain Debit and Credit note in five sentences. Purchases Return Book:- Return Outwards Book of Modern Shoes, Kolkata (West Bengal) (i) Purchase Book, (ii) Purchases Return Book. Question 1: Give specimen of the following, with two entries in each. Students can refer below for solutions for all questions given in your DK Goel Accountancy Textbook for Class 11 in Chapter 12
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The chapter also has lot of best quality problems or questions which can be very helpful to understand the concepts for Class 11 students of Accountancy and will also help build a strong foundation.ĭK Goel Solutions Class 11 Chapter 12 solutions are free and will help you to prepare for Class 11 Accountancy Books of Original Entry – Special Purpose Subsidiary Books DK Goel Class 11 Accountancy Solutions This chapter of DK Goel Accounting Solutions presents a huge variety of sums related to subsidiary book posting of transactions and purchase book which can be very helpful to understand the concepts of Subsidiary Books accounting. These answers have been developed based on the latest Class 11 DK Goel Accountancy book used by commerce stream students issued for current year and the questions given in each chapter. Read below DK Goel Solutions Class 11 Chapter 12 Books of Original Entry Special Purpose Subsidiary Books.
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