Page 89 - DCOM101_FINANCIAL_ACCOUNTING_I

Unit 8: Subsidiary Books

6. Depreciation Notes

7. Credit Purchase and Credit Sale of fixed Assets – Machinery, Furniture.
8. Bad debts.
9. Goods taken by the proprietor for personal use.
Illustration 3: Enter the following transactions in the Purchases Book and post the same in the
relevant ledger accounts.
2001 `
Aug. 1 Bought goods from S 500
Aug. 4 Bought goods from N 1,000
Aug. 8 Bought goods from A 1,500

Solution:
Purchases Books
Date Particulars L.F. Inward Details Amount
Invoice `
Number
2001
Aug. 1 S 500
Aug. 4 N 1,000
Aug. 8 A 1,500
3,000

Ledger

Purchases A/c
Dr. Cr.
Date Particulars ` Date Particulars `
2001 2001
Aug. 12 To Sundries 3,000

S’s A/c
Dr. Cr.
Date Particulars ` Date Particulars `
2001 2001
Aug. 1 By Purchase A/c 500

N’s A/c
Dr. Cr.
Date Particulars ` Date Particulars `
2001 2001
Aug. 4 By Purchase A/c 1,000
A’s A/c
Dr. Cr.
Date Particulars ` Date Particulars `
2001 2001 Aug. 8 By Purchase A/c 1,500

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