Prepare necessary subsidiary books from the following transactions2005

Prepare necessary subsidiary books from the following transactions2005July 1 Capital invested into the business Rs 30,000.July 3 Purchased stock for Rs. 40,000 from D. Narayanan Less 10% trade discount.July 5 Paid Rs. 10,000 to D. NaranyananJuly 10 Paid the following Salary Rs. 1500 Stationery Rs. 100 Shop expenses Rs. 50 Telephone chanrges Rs. 175July 14 Purchases from salim Rs. 8000 less 10% trade discountJuly 15 Receive the following: Interest - Rs 3000 Commission - Rs. 2500 Rent Rs. 2000July 20 Purchased from Rama for cash Rs. 6000/-

Answer»

Date	Name of the supplier	invoice No.	LF.	Amount	Amount
3.7.05	Purchased stock from D. Narayan			40000
	Less: Trade discount at 10%			4000	36000
14.7.05	Purchased from salim			8000
	Less: Trade discount at 10%			800	7200
	Trade Credit Purchased				432000