Practical Problem 02

Q.2 Prepare necessary Ledger Accounts from the following Subsidiary Books.
Purchase Book
Date	Particulars	Inward	L.F.	Amount
		Invoice No.
2019
Oct. 2	Amol			7,500
7	Aishwarya			2,400
11	Vivek			3,900
17	Sheth			6,500
27	Shabari			1,000
	Total			21,300

Purchases Return Book
Date	Particulars	Inward Invoice No.	L.F.	Amount

2019
Oct. 10	Aishwarya			480
20	Sheth			650
28	Shabari			200
	Total			1,330

Solution:

Ledger Accounts
Dr. Purchase A/c Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2019				2019
Oct-31	To Sundries as per Purchase			Oct-31	By Balance c/d		21,300
	Book		21,300
			21,300				21,300
Nov-01	To Balance b/d		21,300

Dr. Purchase Return A/c Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2019				2019
Oct-31	To Balance c/d		1,330	Oct-31	By Sundries as per Purchase
					Return Books		1,330
			1,330				1,330
				Nov-01	By Balance b/d		1,330

Dr. Amol’s A/c Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2019			2019	2019
Oct-31	To Balance c/d		7,500	Oct-02	By Purchase A/c		7,500

			7,500				7,500
				Nov-01	By Balance b/d		7,500

Dr. Aishwaraya A/c Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2019				2019
Oct-10	To Purchase Return A/c		480	Oct-07	By Purchase A/c		2,400
31	To Balance c/d		1,920
			2,400				2,400
				Nov-01	By Balance b/d		1,920

Dr. Vivek A/c Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2019				2019
Oct-31	To Balance c/d		3,900	Oct-11	By Purchase A/c		3,900

			3,900				3,900
				Nov-01	By Balance b/d		3,900

Dr. Sheth A/c Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2019				2019
Oct-20	To Purchase Return A/c		650	Oct-17	By Purchase A/c		6,500
Oct-31	To Balance c/d		5,850
			6,500				6,500
				Nov-01	By Balance b/d		5,850

Dr. Shabari A/c Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2019				2019
Oct-28	To Purchase Return A/c		200	Oct-27	By Purchase A/c		1,000
Oct-31	To Balance c/d		800
			1,000				1,000
				Nov-01	By Balance b/d		800