RECORDING OF TRANSACTIONS

Illustrations 5: Prepare a Petty Cash book on the imprest system from The following transactions

2010					Amt (Rs.)
Jan. 1	Received from Head cashier				500
Jan. 2	Bought stationery				50
Jan. 3	Paid for registered post				30
Jan. 4	Bought Pen/Pencils for office use				80
Jan. 4	Paid for Telegram				60
Jan. 5	Paid for refreshment				50
Jan. 6	Bought postal stamps				30

Solution :

Note :

• V.N. stands for Voucher number,
• The petty cashier can prepare different columns in "Analysis of Payments" as per his requirement depending upon the number of transactions.

SPECIAL PURPOSE SUBSIDIARY BOOKS

PURCHASES BOOK

In this book, only those transactions are recorded which are related to credit purchases of goods in which the business deals in. Recording is made on the basis of Bills/Invoice issued by the Suppliers.

Transactions not in purchases Book

• Purchases of goods for cash.
• Purchases of Assets meant for long term, not for resale purpose.

Illustration 5 : Enter the following transactions in the Purchases Book of M/s Ramesh Stationers :

2011
Aug 1	Bought from Agarwal Book House (Invoice no. 205) 25 Dozen Pencils @ Rs. 30 per dozen 20 Dozen Ball pens @ Rs. 10 per pen Trade discount @ 10%
Aug 5	Bought furniture of Rs. 20,000 on credit from M/s Interior Decor (Invoice no. 109)
Aug 8	Shivani Bros. sold to us (Invoice no. 626) 30 Registers @ 50 each 50 Note Books @ Rs. 20 each
Aug 17	Bought from Tushar stationers for (Cash memo no 101) 300 Refills @ Rs. 5 each 10 Ink pads @ Rs. 50 each

Solution :

In the books of M/s Ramesh Stationers
PURCHASES BOOK

1. Tansaction of Aug. 5 is related to credit purchases of furniture i.e. an Asset.
2. On Aug. 17, goods bought for cash,
Hence both the transactions are not recorded in Purchases Book.

CBSE Accountancy Class XI ( By Mr. Aniruddh Maheshwari ) 
Email Id : [email protected]