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Calculate the net amount for the purchase from Ram, Butwal on January 1.

Computer Science

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Answer

131,325\textbf{131,325}

Step-by-step solution

3 steps

  1. Calculate the net amount for the purchase from Ram, Butwal on January 1.

    Cost of Accounting books=40 books×Rs 700/book=Rs 28,000Cost of Business studies books=25 books×Rs 400/book=Rs 10,000Total before discount=Rs 28,000+Rs 10,000=Rs 38,000Trade discount (10%)=0.10×Rs 38,000=Rs 3,800Net amount for Ram, Butwal=Rs 38,000−Rs 3,800=Rs 34,200\begin{align*} \text{Cost of Accounting books} &= 40 \text{ books} \times \text{Rs } 700/\text{book} = \text{Rs } 28,000 \\ \text{Cost of Business studies books} &= 25 \text{ books} \times \text{Rs } 400/\text{book} = \text{Rs } 10,000 \\ \text{Total before discount} &= \text{Rs } 28,000 + \text{Rs } 10,000 = \text{Rs } 38,000 \\ \text{Trade discount (10\%)} &= 0.10 \times \text{Rs } 38,000 = \text{Rs } 3,800 \\ \text{Net amount for Ram, Butwal} &= \text{Rs } 38,000 - \text{Rs } 3,800 = \text{Rs } 34,200 \end{align*}

  2. Calculate the net amount for the purchase from Hari Tansen on January 10.

    Cost of Economic books=60 books×Rs 450/book=Rs 27,000Cost of Maths books=150 books×Rs 550/book=Rs 82,500Trade discount on Maths books (15%)=0.15×Rs 82,500=Rs 12,375Net amount for Maths books=Rs 82,500−Rs 12,375=Rs 70,125Net amount for Hari Tansen=Rs 27,000+Rs 70,125=Rs 97,125\begin{align*} \text{Cost of Economic books} &= 60 \text{ books} \times \text{Rs } 450/\text{book} = \text{Rs } 27,000 \\ \text{Cost of Maths books} &= 150 \text{ books} \times \text{Rs } 550/\text{book} = \text{Rs } 82,500 \\ \text{Trade discount on Maths books (15\%)} &= 0.15 \times \text{Rs } 82,500 = \text{Rs } 12,375 \\ \text{Net amount for Maths books} &= \text{Rs } 82,500 - \text{Rs } 12,375 = \text{Rs } 70,125 \\ \text{Net amount for Hari Tansen} &= \text{Rs } 27,000 + \text{Rs } 70,125 = \text{Rs } 97,125 \end{align*}

  3. Prepare the Purchase Book.

    DateParticularsL.F.Details (Rs.)Amount (Rs.)Jan 1Ram, Butwal40 Accounting books @ Rs 70028,00025 Business studies books @ Rs 40010,000Less: 10% Trade Discount(3,800)34,200Jan 10Hari Tansen60 Economic books @ Rs 45027,000150 Maths books @ Rs 55082,500Less: 15% Trade Discount on Maths books(12,375)97,125Total Purchases A/c Dr.131,325\begin{array}{|l|l|l|r|r|} \hline \textbf{Date} & \textbf{Particulars} & \textbf{L.F.} & \textbf{Details (Rs.)} & \textbf{Amount (Rs.)} \\ \hline \text{Jan 1} & \text{Ram, Butwal} & & & \\ & \text{40 Accounting books @ Rs 700} & & 28,000 & \\ & \text{25 Business studies books @ Rs 400} & & 10,000 & \\ & \text{Less: 10\% Trade Discount} & & (3,800) & 34,200 \\ \hline \text{Jan 10} & \text{Hari Tansen} & & & \\ & \text{60 Economic books @ Rs 450} & & 27,000 & \\ & \text{150 Maths books @ Rs 550} & & 82,500 & \\ & \text{Less: 15\% Trade Discount on Maths books} & & (12,375) & 97,125 \\ \hline & \textbf{Total Purchases A/c Dr.} & & & \boxed{\textbf{131,325}} \\ \hline \end{array}
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