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Home » Class 11 Account Note: Class 11 Account Note: Importance & Types of subsidiary books/Purchase book /Account/Sales Book/Purchase Return Book/Return Outward Book, etc.
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Class 11 Account Note: Class 11 Account Note: Importance & Types of subsidiary books/Purchase book /Account/Sales Book/Purchase Return Book/Return Outward Book, etc.

Your All NotesBy Your All NotesSeptember 2, 2021No Comments7 Mins Read
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In This Note You Will learn: 

Subsidiary books/Importance of Subsidiary books/Types of subsidiary books/Purchase book Practice/Purchase Account/Sales Book/Purchase Return Book/Return Outward Book/Purchase Return Account/Sales Return book/Sales Return Account: 

Subsidiary books are subdivided of journal. In large business organization, it is impossible to record all the financial transaction in voucher. The repeated business transaction should be booked separately in subsidiary books, subsidiary books are original books in which the repeated transactions of similar nature are are booked in one place according to chronological order.

  • Importance
  1. Division of work.
  2. easy access the information in one place.
  3. Increase efficiency of staffs.
  4. Saving time and labour.

 

  • Types of subsidiary books.

There are 7 types of subsidiary books.

  • Purchase book.
  • Sales book.
  • Purchase return book.
  • Sales return book.
  • Bills receivable book.
  • Bills payable book.
  • Cash book.
  1. purchase book:

The subsidiary books in which credit purchase of goods are recorded is known as purchase book. In this book cash purchase of goods, purchase of assets shouldn’t be recorded according to purchase invoice (bills).

 

  1. following transaction are given of ABC furniture’s

jan. 5 purchase from Ram Furniture, industries,  kathmandu,

10 table @ Rs. 10,000 each

5 chairs @ Rs. 4,000

jan. 10 purchase from xyz Enterprises, biratnagar,

20 books case @ Rs. 5,000     each.

10 Drawers @ Rs. 7,000 each.

jan. 15 cash purchase made from Nepal Furniture’s, Dharan,

50 table @ Rs. 12,000 each.

Required purchase book and purchase account.

ABC furniture

Date Particulars Inv. no. I .f Detail amount Total amount
Jan. 1. Ram furniture, industries ,ktm

10 tables @ Rs. 10,000 each

5 chairs @ Rs . 4,000

 

1,00,000

20,000

 

 

1,20,000

Jan. 10. Xyz enterprises, biratnagar

20 books case @ Rs. 5,000

10, Drawers @ 1,000 each

Less 10% discount

 

1,00,000

70,000

17,000

 

 

 

 

1,53,000

Total 2,13,000

 

 

 

Purchase Account

Date Particular J. f Amount  Date Particular J.f Amount
Jan. 11. To, cash A/c 6,00,000 Jan. 31. By, balance c/d 8,73,000
Jan. 31. To sundries as per purchase book  2,73,000
8,73,000 8,73,000
Feb. 1. To balance b/d

 

Sales book:

                          Goods sold on credit should be recorded in separate subsidiary books on the basis of sales invoice which is known as sales book. This book doesn’t maintain record of cash sales of goods and sales of assets either its cash or credit.

 

Questions no. 1   following transactions of ABC Electronic are given.

Magh 5 goods sold to gita electronic concern, hetauda

                 10 colour  tvs. @ Rs. 25,000 per Tv.

                 15 B.W Tvs @ Rs. 10,000 each.

                 Less 5% trade discount on both.

magh 15 following goods sold to Nepal electronic Enterprises, Kathmandu.

                 5 Refrigerators @ Rs. 30,000 each

                 10 washing machines @ Rs. 50,000 each.

                 Less 3% Trade Discount on washing Machine only.

magh 25 cash sales made to Ram enterprises, hetauda

                 50 colours Tvs @ S. 20,000 each.

                          Less 2% cash Discount.

  • Required
  1. sales book
  2. sales account

 

Sales Book

Date Particular Invoice no. L.f Details amount Total amount
Magh 5 Gita electronic concern hetauda

10 colour Tvs @ Rs. 25000 each

15 B.W Tvs. @ Rs. 10,000 each.

Less 5% Trade
Discount

 

 

 

 

 

25,000

 

 

1,50,000

4,00,000

20,000

 

 

 

 

 

 

 

 

 

3,80,000

Magh15 Nepal electronic Enterprises, ktm

5 refrigerators @ 30,000 each.

10 W. [email protected] 50,000 each.

Less 3% Trade Discount on WM

 

 

1,50,000

 

 

5,00,000

6,50,000

 

1,5000

 

 

 

 

 

 

 

 

6,35,000

          Total 10,15,000

 

 

Sales Account

Date Particular J.f Amount Date Particular J. f Amount
M. 30 To, balance c/d 20,15,000 M. 25 By, cash A/c 9,80,000
By, discount A/c 20,000

 

M. 30 By, sundries as per 10,15,000
20,15,000 Sales book 20,15,000
p. 1 By, balance b/d 20,15,000

 

  1. purchase return book

If goods are returned to the suppliers for any reason after it has been purchased must be recorded in a subsidiary book which is known as purchase return book. Purchase return books maintain the record of the return goods of credit purchase. It is also known as return outward book.

Questions no. 3 following transaction are given to you. falgun 5 following goods returned to anil Enterprises

                 30 pants @ Rs. 3,000 each.

                 20 trousers @ Rs. 2,000 each.

                          (Less 5% Trade Discount)

falgun 21 goods returned to ABC Com. Banglore.

                 500 saries @ 2,000 each.

                 100 pairs of shoes @ Rs. 3,000 each pair.

                 Less 10% Trade Discount on both.

falgun 15 furniture returned to Nepal Enterprises

                 10 Racks @ 5,000 each.

  • Required: –
  • Return outward book.
  • Purchase return Account.

 

Return outward book

Date Particulars Debit n.n L.F Detail Amount Total Amount
 Falgun 5 Anil enterprises

30 pants @ Rs. 3,000 each.

20 trousers @ Rs. 2,000 each

Less 5% trade discount on trousers

 

90,000

40,000

1,30,000

2,000

 

 

 

 

 

1,28,000

Falgun 21. ABC com. Banglore

500 saries @ 2,000 each

100 pairs of shoes @ 3,000 each pair

 

 

 

Less 10% T. D.

 

Total

 

10,00,000

3,00,000

1,30,000

1,30,000

 

 

 

 

 

 

 

1,17,000

12,98,000

 

 

Purchase Return Account

Date Particular J.F Amount Date Particular J.F Account
11-31 To balance c/d 12,98,000 5-31 By, sundries as per purchase return book 12,98,000
12,98,000 12,98,000
12-1 By, balance b/d  12,98,000

 

Sales return book

The buyer can return defective goods to us. The subsidiary book in which credit sales returned transaction are recorded it is known as sales return book. it is also known as return inward book.

Questions

following transaction of ekta books and stationeries are given.

bhaddra- 4 goods returned from Jhapa Enterprises, Btm

50 english books @ Rs. 300 each

40 accountancy @ Rs. 500 each

bhadra-15 following goods returned from gopal stores, dharan

100 nepali books @ Rs. 400 each

30 economics @ Rs. 600 each

less 5% trade discount on both

bhadra-25 following goods returned from shyam, emporium

10 dozen pen @ per pen

50 exercise book @ Rs. 5 per ball pen

less 3% trade discount

required: 1. sales return book

  1. sales return account

 

Sales return book

Ekata books and stationeries

Date Particular c.n.n. L.f Detail amount Total amount
Bhadra -4 Jhapa enterprises, Btm 50 english books @ RS. 300 each  

 

15,000

40 accountancy @ RS. 500 each  

20,000

35,000
Bhadra-15 Gopal stories, dharan

100 nepali books @ 400 each

 

 

40,000

30 economics @ Rs. 600 each  

18,000

58,000
5% trade discount 2,900 55,100
Bhadra-25 10 dozen pen @ 10 per pen  

1200

50 exercise book @ Rs. 30 each  

1500

10 dozen ball pen @ Rs. 5 per pen  

600

3,300
Less 3% trade discount 99
3,201
Total 93,301

 

Sales Return Account

Date Particular J.f Amount Date Particular J. F amount
Bhadra-31 To sundries as per sales return book  

9,330

 

 

Bhadra-31 By, balance c/d 9,330
9,330 9,330
Asoj-1 To balance b/d 9,330

 

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Class 11 Account Note: I Class 11 Account Note: Importance Class 11 Account Note: Importance & Types of subsidiary books/Purchase book /Account/Sales Book/Purchase Return Book/Return Outward Book etc
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