Page 160 - Office Practice and Accounting -9

2. Prepare purchase book from the following purchase transactions.
2072 Chaitra5 Purchased on credit from Fikkal Store

15 Kg tea @ Rs. 200 per Kg
50 Kg sugar @ Rs. 30 per Kg

2072 Chaitra 9 Purchased from Sanju Furniture
One revolving chair at Rs. 3500
2072 Chaitra10 Purchased from Pawan Store on cash
10 Kg tea @ Rs. 190 per Kg

2072 Chaitra15 Purchased from Pravakar Trading House
3,000 packets of coffee @Rs. 20 per packet

100 Kg sugar @Rs. 29 per Kg
Less trade discount @ 10% on both

Purchase Book
Date Particulars LF Invoice No. Details Amount
Chaitra 5 Fikkal Store
15Kg tea @ Rs. 200 per Kg. 3,000
50Kg sugar @ Rs. 30 per Kg 1,500 4,500
Chaitra 15 Pravakar Trading House
3,000 packets coffee @ Rs. 20 per packet. 60,000
100 Kg sugar @ Rs. 29 per Kg. 2,900
62,900
Less: Trade discount @ 10% 6,290 56,610
Total 61,110

Purchase Return Book

Purchase book is primary book of entry which records the goods returned to supplier/
creditor which was previously purchased on credit for resale purpose. It is also known
as return outward book. Goods which are purchased on credit may be returned to the
supplier by the purchaser if they are defective and not within the specifications.
The entries in the purchase return book are usually made on the basis of debit note
issued to the suppliers or credit note received from the suppliers. We call it a debit
note because the party’s (supplier) account is debited with the amount written in this
note. The same note is termed as credit note from the receiving party’s point of view
because he will credit the account of the party from whom he has received the note
together with goods.

156 Office Practice and Accounting 9