DEPARTMENT OF TECHNICAL EDUCATION

ANDHRA PRADESH
Name : P. VYDURYAM
Designation : Lecturer
Branch : D.C.C.P
Institute : S.G.M. Govt Polytechnic,
Abdullapurmet
Year/Semester : I Year
Subject : ACCOUNTANCY-I
Subject Code : CCP-102
Topic : SUBSIDIARY BOOKS
Duration : 50 Mts
Sub Topic : Exercises on Purchases Book &
Sales Book
Teaching Aids : PPT, Animations and Hyperlinks
CCP102.46 1
Objectives :
After completion of this class, you
Will be able to know:
 How to prepare Purchases Book & Sales
Book
 How to prepare Purchases Account & Sales
Account
 Total the Purchases Book & Sales Book

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Structure :

Preparation of Purchases Book

Preparation of Sales Book
Total Each Book
Summary
Assignment

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Recap :

 Credit Purchases are recorded in Purchases

Book
 Credit Sales are recorded in Sales Book

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 Exercise on
Purchase Books
and
Sales Books

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Procedure :

 Record all credit purchases in Purchases

Book
 Record all Credit sales in Sales Book
 Total each Book properly
 Open Purchases and Sales accounts

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Record the Following Transactions in
Proper Subsidiary Books :
2001 Rs
May
1 Bought goods from Somesh 12,000
3 Sold goods to Kamesh 15,000
5 Cash sales to Ramesh 20,000
12 Purchased goods from Raja 10,000
17 Bought goods from Prakash
(Trade discount 5%) 6,000
23 Sold goods to Suresh 8,000
28 Dinesh sold goods to us 10,000
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Working Notes :

2001
May 17 (Calculation of Trade Discount 5%) :
6,000 x 5/100 = 300
6,000 – 300 = 5,700

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 Purchases Book :
Date Particulars Inward L. Amount
Invoice F Rs.
No.

2001
May 1 Somesh 12,000
Raja 10,000
12 Prakash 5,700
17 Dinesh 10,000
28 -----------
Total 37,700
-----------
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Sales Book :

Date Particulars Outward L. Amount

Invoice F
No. Rs.
2001
May 3 Kamesh 15,000
Suresh 8,000
------------
23 Total 23,000
------------

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Ledger Postings

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 Purchases Account

Dr Cr
Date Particulars J Amt Date Particulars J Amt
F Rs F Rs
2001
May To Sundry
31 Creditors 37,000

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 Sales Account
Dr Cr
Date Particulars J Amt Date Particulars J Amt
F F
2001
May To Sundry 23,000
31 Debtors

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Summary :

 Preparation of Purchase book & Sales Book

 Entering transactions into Purchases Book &
Sales Book
 Total each Book
 Preparation of Purchases Account and Sales
Account

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Assignment :
Record the following transactions in
subsidiary books and post them into ledger
(individual a/c are not necessary)
2002
Mar Rs.
1 Goods purchased from Karin 15,000
6 Bought goods from Ramu with
trade discount of 15% 14,000
15 Sold goods to Shiva 10,000
19 Bought goods from Pratap
(Trade discount 10%) 11,000
22 Sold goods to Raghu 6,000
26 Bought goods from Mohan 8,000
28 Sold goods to Murali 10,000
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Thank You

CCP102.46 16