ILLUSTRATIONS
ON THE SUBSIDIARY BOOKS
Hey Guys, Happy Mid-Week.
This is a Continuation of what we did last so enjoy!.
EXAMPLE
1:
Write up the purchases
journal of Jordan & sons, and post to the ledgers for the month of July
2012.
Sept 9-Bought from Coca
cola, 15 crates of coke @ N250 each and 10 crates of Fanta @ N170 each. Trade
Discount of 10%.
Sept 12-Bought from PZ Ltd,
140 bags of flour @ N20 each and 400 bags of sugar @ N10 each. Trade Discount
of 15%.
Sept 13-Bought from
Samsung, 3 sets of IPads @ N550 each and 4 sets of LCD TV’S @ N750 each. Trade
Discount of 12%.
Sept 14-Bought from
Drumsticks Restaurant, 7 packs of Roasted Chicken @ N500 each and 4
Bottles of
Pepsi @ N350 each.|
Date
|
Particulars
|
F
|
Details
|
Total
|
|
Sept 9
|
15 Crates of Coke @ N250 each.
10 Crates of Fanta @ N170 each.
Trade Dis. Of (10% × 5,450)
|
3,750
1,700
|
4,905
|
|
|
5,450
(545)
|
||||
|
Sept 12
|
140 Bags of Flour @ N20 each.
400 Bags of Sugar @ N10 each.
Trade Dis. Of (15% × 6,800)
|
2,800
4,000
|
5,780
|
|
|
6,800
(1020)
|
||||
|
Sept 13
|
3 Sets of IPad @ N550 each.
4 Sets of LCD TV’S @ N750 each.
Trade Dis. Of (12% × 4,650)
|
1,650
3,000
|
4,092
|
|
|
4,650
(558)
|
||||
|
Sept 14
|
7 Packs of Roasted Chicken @ N500
each.
4 Bottles of Pepsi @ N350 each.
|
3,500
1,400
|
4,900
|
|
|
19,677
|
LEDGER ENTRIES:
DR Purchases
Account CR
Sept Sundries 19,677
DR Coca
Cola
Account CR
Sept
9 Purchases 4,905
DR PZ
Ltd Account CR
Sept
12 Purchases 5,780
DR Samsung
Account CR
Sept
13 Purchases 4,092
DR Drum
Sticks Account CR
Sept
14 Purchases 4,900
EXAMPLE 2:
Write up the Returns
Outwards journal of Jordan & Sons Ltd for the year ended Nov 2014 and post
to the ledgers.
Sept 15- Returned to Coca
Cola Ltd, 3 Crates of Coke @ N175 each and 4 Crate of Fanta @ N65 each. Trade Discount
of 5%.
Sept 16- Returned to
Samsung, 2 IPad @ N200 each and 3 LCD TV’S @ N100 each. Trade Discount of 4%.
Sept 20- Returned to PZ
Ltd, 250 Bags of Sugar @ N35 each.
|
Date
|
Particulars
|
F
|
Details
|
Total
|
|
Sept 15
|
Coca Cola Ltd
3 Crates of Coke @ N175 each.
4 Crates of Fanta @ N65 each.
Trade Dis. Of (5% × 785)
|
525
260
|
746
|
|
|
785
(39)
|
||||
|
Sept 16
|
Samsung
2 IPad @ N200 each.
4 LCD TV’S @ N100 each.
Trade Dis. Of (4% × 800)
|
400
400
|
768
|
|
|
800
(32)
|
||||
|
Sept 20
|
PZ Ltd
250 Bags of Sugar @ N35 each.
|
8,750
|
8,750
|
|
|
10,264
|
LEDGER ENTRIES:
DR Returns
Outwards
Account CR
Sept Sundries 10,264
DR Coca
Cola Ltd Account CR
Sept 15 Returns
Outwards 746
DR Samsung
Account CR
Sept 16 Returns
Outwards 768
DR PZ
LTD Account CR
Sept 20 Returns
Outwards 8,750
Hope this was very helpful to you, leave
a comment of what you think of this tutorial and your questions below. Have a
Blessed Day and Remember You are Amazing. God Bless
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