From the following particulars, prepare the Purchases Book of Devi Stationers and also show the ledger postings. 2018 Aug. 5 Purchased from Madan Mohan & Sons on credit 5 reams of white paper @ Rs. 75 per ream, 10 Purchased from Gopikrishna Bros. 5 dozen ink bottles @ Rs. 52 per dozen at a discount of 10%. 14 Purchased from Avanti Pen Stores 3 dozen ball pens @ Rs. 15 per dozen at a discount of 20%. 18 Purchased 100 pencils from Muralidhar & Co. @ Rs. 0.75 each. 25 Purchased a typewriter on credit from Office Equipment Limited for Rs. 4,500. 28 Purchased one dozen pen stands @ Rs. 100 per dozen for cash. 30 Purchased 5 dozen of note books on the credit from Rama & Co. @ Rs. 24 per dozen. (Hint: Transactions dated August 25 and 28 are not to be entered in Purchases Book.) (Answer: Total of Purchases Book Rs. 840)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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From the following particulars, prepare the Purchases Book of Devi Stationers and also show the ledger postings. 

2018

 Aug. 5 Purchased from Madan Mohan & Sons on credit 5 reams of white paper @ Rs. 75 per ream,            

        10 Purchased from Gopikrishna Bros. 5 dozen ink bottles @ Rs. 52 per dozen at a discount of 10%. 

        14 Purchased from Avanti Pen Stores 3 dozen ball pens @ Rs. 15 per dozen at a discount of 20%. 

        18 Purchased 100 pencils from Muralidhar & Co. @ Rs. 0.75 each. 

        25 Purchased a typewriter on credit from Office Equipment Limited for Rs. 4,500.

        28 Purchased one dozen pen stands @ Rs. 100 per dozen for cash.

       30 Purchased 5 dozen of note books on the credit from Rama & Co. @ Rs. 24 per dozen. 

(Hint: Transactions dated August 25 and 28 are not to be entered in Purchases Book.) 

(Answer: Total of Purchases Book Rs. 840) 

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