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Subsidiary Books Exam Based Problems

Arjun EP

Published on: June 22, 2020

Exam based problems and questions are the BEST collection for sure shot success in the examination.

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EXAM BASED PROBLEMS AND ANSWERS

Here, Amount = Rs = $ = £ = € = ₹ = Af = ৳ = Nu = Rf = රු =

PURCHASE BOOK

PROBLEM: 1

AK Jute Goods Center has following transaction related to purchase:

(a) Brought following items from Gupta Store:

1,000 pieces of jute bag @ Rs 12 per bag

500 plastic coated jute bag @ Rs 15 per bag

(b) Brought from Goyal Store:

500 meters jute carper @ Rs 80 per meter

Required: (1) Purchase book; (2) Purchase account

[Answer: Purchase book (19,500 + 40,000) = 59,500;

Purchase account (19,500 + 40,000) = 59,500; *No entry for furniture

PROBLEM: 2

ABC Grocery has following purchase transactions:

Jan 5, Purchase on credit from B&B Markets:

15 kg tea @ Rs 300 per kg

50 kg sugar @ Rs 90 per kg (5% trade discount)

Jan 10, Purchased from Agrawal Traders on cash

10 kg tea @ Rs 290 per kg

Jan 15, Purchase from Suraj Company:

300 lbs coffee @ Rs 200 per lb

100 kg sugar @ Rs 85 per kg

(Less trade discount @ 10%)

Required: Purchase book and purchase account

[Answer: Purchase book (8,775 + 61,650) = 70,425;

Purchase account (8,775 + 2,900 + 61,650) = 73,325]

PROBLEM: 3

ABC Book House has following information:

July 1: Purchase books from MC Book House:

200 units accountancy solution @ Rs 250 each

300 units mathematics solution @ Rs 225 each

July 5: Purchase books from Books Distributors:

Total purchase amount Rs 15,500 at 10% trade discount

July 8: Purchase stationery from Sagun Stationers for cash Rs 14,000

Required: Purchase book and MC Book House account

[Answer: Purchase book (117,500 + 13,950) = 131,450; MC = 117,500]

PROBLEM: 4

BG Furniture House has following transactions relating to purchase:

05 April: Purchase on credit from PP Furniture Works

20 plastic chairs @ Rs 800 per unit

10 coffee tables @ Rs 2,000 per unit

11 April: Purchased from KP Furniture House for cash

5 sofas sets @ Rs 20,000 per set, after 10% cash discount

15 April: Purchased on credit from Vajra Traders

5 fancy tables @ Rs 5,000 per unit

5 dressing tables @ Rs 10,000 per set

Less: 10% trade discount

Required: Purchase book and purchase account

[Answer: Purchase book (36,000 + 67,500) = Rs 103,500;

Purchase account (36,000 + 90,000 + 67,500) = Rs 193,500]

PROBLEM: 5

Following transactions of Rajesh Furniture are given:

Magh 7: Purchase on credit from Aman Furniture:

10 plastic tables @ Rs 500 each

30 plastic chairs @ Rs 400 each

Discount at 10% for both sales

Magh 15: Purchased from Bimal Suppliers for cash:

2 almirah small @ Rs 4,000 each

1 sofa set @ Rs 7,000 each

Magh 20: Purchased computer for office use from Hari on credit Rs 35,000

Magh 28: Purchased from Rahul Furnishing:

20 plastic tables @ Rs 600 each (trade discount 10%)

15 plastic chairs @ Rs 400 each

Required: Purchase book and purchase account

[Answer: Purchase book (15,300 + 16,800) = Rs 32,100;

Purchase account (15,300 + 15,000 + 16,800) = Rs 47,100]

*No entry for computer coz fixed assets

PROBLEM: 6

DK Fancy Home has following transactions:

5 April: Purchase on credit from Himal Brothers:

25 shirts @ Rs 670 per unit (Trade discount @ 8%)

10 jeans @ Rs 1,550 per unit

11 April: Purchased from Subodh Clothes House for cash:

5 boutique sarees @ Rs 11,500 per set, after 10% cash discount

15 April: Purchased on credit from Sushmita Traders:

5 jackets @ Rs 2,225 per unit

5 coat‒paints @ 9,900 per set, 7% trade discount

20 April: Air conditioner purchased on credit from Sushmita Electronics:

2 Air conditioners @ Rs 45,000 per unit

Required: Purchase book and purchase account

[Answer: Purchase book (30,410 + 57,160) = Rs 57,160;

Purchase account (30,410 + 51,750 + 57,160) = Rs 139,320]

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ACCOUNTING EQUATION http://tiny.cc/c89jkz

BASIC JOURNAL ENTRIES IN NEPALI http://tiny.cc/uaakkz

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JOURNAL ENTRY AND LEDGER http://tiny.cc/caakkz

LEDGER http://tiny.cc/haakkz

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CASH BOOK http://tiny.cc/889jkz

TRIAL BALANCE & ADJUSTED TRIAL BALANCE http://tiny.cc/c59jkz

BANK RECONCILIATION STATEMENT (BRS) http://tiny.cc/q59jkz

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FINAL ACCOUNT: CLASS 11 http://tiny.cc/y89jkz

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CAPITAL AND REVENUE http://tiny.cc/peakkz

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PROBLEM: 7

BC Kirana Pasal has following information:

Jan 4: Purchase on credit from Binaya Traders:

50 sacks rice @ Rs 2,000 per sack

20 sacks flour @ Rs 1,500 per sack

(5% discount on both items)

Jan 18: Purchase on credit from Kalpana and Brothers:

3 sacks tea @ Rs 5,000 per sack (trade discount 10%)

50 kg sugar @ Rs 85 per kg

Jan 25: Purchase in cash from Kabita and Sisters:

200 Kgs daal/lentils @ Rs 200 per kg (cash discount 5%)

Jan 28: Purchased from Solar House:

Inverter 850 VA, 1 set @ Rs 11,000

battery 150 mAh, 1 set @ Rs 26,000

Required: (a) Purchase book; (b) Kalpana & Brothers account

[Answer: Purchase book (123,500 + 17,750) = 141,250; K&B account = 17,750;

PROBLEM: 8

AK Book Shop has following transactions relating to purchase:

Feb 10: Purchased on credit from BC Book House:

20 pieces of Economic Rs 350 each

15 pieces of Book-keeping Rs 600 each

(20% trade discount on both)

Feb 20: Purchased on credit from Kanchan Stationers:

10 dozens copies @ Rs 600 per dozen (5% trade discount)

1 gross pencil @ Rs 5 per unit

Feb 25: Purchased in cash from Chetana Traders:

10 dozens ball pens @ Rs 6 per unit

5 gross erasers @ Rs 60 per dozen (7.5% trade discount)

Feb 20: Purchased in cash from Chitwan IT House:

CCTV set (4 cameras + 1 DVR + cable) Rs 35,000

Required: Purchase book and purchase account

[Answer: Purchase book (12,800 + 6,420 + 4,050) = 23,270;

Purchase account (12,800 + 6,420 + 4,050) = 23,270;

PROBLEM: 9

AD Grocery Center has following transactions for the month of January:

Jan 7: Purchase from Naresh:

5 quintals rice @ Rs 60 per kg

400 kgs sugar @ Rs 8,000 per quintal

(trade discount @ 5% on rice only)

Jan 10: Purchase from Gopal & Brothers:

5 bags of flour (each bag 5 kgs) @ Rs 40 per kg

20 kgs ghee @ Rs 850 per kg

(trade discount 10%)

Jan 15 Motor-bike purchased in cash of Rs 1,80,000:

Jan 25 Purchase from MC Suppliers in cash:

2 dozens Colgate tooth-paste (100g pack) @ Rs 80 per unit

1 gross Lux soap (90g pack) @ Rs 300 per dozen

(cash discount 10%)

Required: Purchase book and purchase account

[Answer: Purchase book (60,500 + 16,200) = Rs 76,700;

Purchase account (60,500 + 16,200 + 4,968) = Rs 81,668;

SALES BOOKS

PROBLEM: 10

ABC Electricals has given following sales transactions to you:

a	Sold following items to Kumar Brothers: 10 table fans @ Rs 1,100 per unit 5 ceiling fans @ Rs 1,800 per unit

b	Sold following items to Sharma Brothers: 12 pressure cookers @ Rs 1,600 per unit 8 rice cookers @ Rs 2,000 per unit

c	Sold a 100 litters freeze for cash Rs 12,000

Required: Sales book and sales account

[Answer: Sales book (20,000 + 35,200) = 55,200;

Sales account (20,000 + 35,200 + 12,000) = 67,200]

PROBLEM: 11

AK Furniture Center has following transaction:

Aug 1	Sold to Prakash: 3 almirah @ Rs 4,500 each 1 dining table @ Rs 5,000 each 4 plastic chairs @ Rs 500 each Discount at 5% on all items

Aug 10	Old laptop sold to Rajendra on credit for Rs 25,000

Aug 20	Sold to Madan for cash: 6 tea table @ Rs 1,600 each (after 10% discount)

Aug 28	Sold to Krishna: 5 small table @ Rs 2,000 each 16 plastic chairs @ Rs 450 each

Required: Sales book and sales account

[Answer: Sales book (19,475 + 17,200) = 36,675;

Sales account (19,475 + 8,640 + 17,200) = 45,315;

*No entry for computer sold coz fixed assets

PROBLEM: 12

Office Suppliers, (book and stationery dealer) has extracted transactions:

Feb 5: Sold to Hari:

30 pieces book of Bookkeeping @ Rs 600 each

20 pieces book of Economic @ Rs 400 each

Feb 10: Sold to Krishna:

15 pieces book of Economics @ Rs 400 each

10 pieces Marketing Rs 300 each

(20% discount allowed)

Feb 15: Sold to Ram in cash:

5 dozens long copy @ Rs 60 per piece (10% trade discount)

144 pieces ball pen @ Rs 150 per dozen

Feb 20: Old furniture disposed-off worth Rs 5,000.

Required: Sales book and sales account

[Answer: Sales book (26,000 + 7,200) = 33,200;

Sales account (26,000 + 7,200 + 5,040) = 38,240;

PURCHASE RETURN BOOK

PROBLEM: 13

BC Electronics has following purchase return transactions:

Jan, 3	Return to Hari: 2 units iron @ Rs 1,000 each 1 unit radio of Rs 500 each

Jan, 5	Return to Bishnu: 2 television sets @ Rs 15,000 each (less: 10% trade discount)

Jan, 8	Return to Narayan: 3 telephone sets @ Rs 1,000 each 4 heater sets @ Rs 2,000 each

Jan, 10	Return to BK Fancy: 2 jeans paint @ Rs 1,800 each

Required: Purchase return book and purchase return account

[Answer: Purchase return book (2,500 + 27,000 + 11,000) = 40,500;

Purchase return account (2,500 + 27,000 + 11,000) = 40,500]

PROBLEM: 14

AF Home Appliances has following transactions relating to return:

Ashadh 3	Purchase return to Prakash: 3 units steam iron: Rs 2,000 each 2 music players: Rs 5,000 each

Ashadh 5	Purchase return to Ram: 1 stand fan: Rs 2,500

Ashadh 7	Purchase return to Hari: 2 music players: Rs 3,000 each 5 Radios: Rs 500 each

Ashadh 10	Sales return from Bishnu: 4 table fans: Rs 1,500 each