NIOS Class 10 Accountancy Chapter 9 Purchase and Sales Book

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NIOS Class 10 Accountancy Chapter 9 Purchase and Sales Book

Also, you can read the NIOS book online in these sections Solutions by Expert Teachers as per National Institute of Open Schooling (NIOS) Book guidelines. These solutions are part of NIOS All Subject Solutions. Here we have given NIOS Class 10 Accountancy Chapter 9 Purchase and Sales Book, NIOS Secondary Course Accountancy Solutions for All Chapters, You can practice these here.

Purchase and Sales Book

Chapter: 9

Intext Questions 9.1

Which of the following transactions will be entered in the Purchases Book or Purchases Returns Book or none of the said books? 

(i) Furniture purchased from M/S Saurabh Furniture. 

Ans: None.

(ii) Goods purchased from M/S Keshav were returned to them as goods were not according to the specifications. 

Ans: Purchase Return Book.

(iii) Goods of Rs.12, 000 were purchased from M/S Warner Brothers for cash. 

Ans: None.

(iv) M/S Puri & Sons supplied goods on credit for Rs.1,500. 

Ans: Purchase book.

(v) Purchased goods from Kwatra on credit for Rs.2,000.

Ans: Purchase book.

Intext Questions 9.2

I. Which of the following transactions will be entered in the Sales Book or Sales Returns Book? If the transaction is not to be entered in any of two, write None of These. 

(i) Goods sold to Raghav on credit for one month. 

Ans: Sales book.

(ii) Old furniture sold to Rajesh on credit. 

Ans: None.

(iii) Goods sold for cash. 

Ans: None.

(iv) Goods sold to M/s Kapoor Pvt. Ltd. 

Ans: Sales book.

(v) M/S Deshbandhu & Sons Ltd. returned goods to us. 

Ans: Returns Inward Book.

(vi) Goods received back from Raghav due to defective consignment. 

Ans: Returns Inward Book.

(vii) Goods destroyed due to fire. 

Ans: None.

(viii) Discount received from Suresh. 

Ans: None.

(ix) Cash received from M/S Kapoor Pvt. Ltd. 

Ans: None.

II. 

Multiple Choice Questions

(i) Total of these transactions is posted in purchases account: 

(a) Cash purchase of Stationary. 

(b) Purchase Returns. 

(c) Credit Purchases. 

(d) Purchase of Machinery. 

Ans: (c) Credit Purchases.

(ii) The individual entries from the Sales Day Book are: 

(a) Not posted in any Account. 

(b) Posted on the Credit side of Individual Account.

(c) Posted on the Debit Side of Individual Account. 

(d) Posted in the Credit of Sales A/c. 

Ans: (c) Posted on the Debit Side of Individual Account.

(iii) The periodic totals of the Sales Return Day Book is posted: 

(a) Sales A/c. 

(b) Sales Return A/c. 

(c) Purchase Return A/c. 

(d) Goods A/c. 

Ans: (b) Sales Return A/c.

(iv) The totals of the Sales Day Book are posted to the credit side of: 

(a) Sales A/c. 

(b) Sales Return A/c. 

(c) Purchases Return A/c. 

(d) Goods A/c. 

Ans: (a) Sales A/c.

(v) The total of Purchases Day Book is posted to the Debit side of: 

(a) Sales A/c. 

(b) Purchases A/c. 

(c) Goods A/c. 

(d) Purchase Return A/c.

Ans: (b) Purchases A/c.

Terminal Exercise

1. State the meaning of the Purchases Book and draw its format.

Ans: Purchases Book as a journal of original entry for recording all transactions of goods purchased on credit by your firm. Transactions related to purchasing goods by cash are not recorded in Purchases Book, these are recorded in Cash Book. Similarly, any credit purchases of items which are not related to resale as goods will also not be recorded in the Purchases Book, these are recorded in Journal Proper.

Purchase (Journal) Book

Date	InvoiceNo.	VoucherNo.	Particulars(Name of supplier)	L.F	Detail(Rs.)	Total(Rs.)

2. State the meaning of Purchases Returns Book. Also draw its format.

Ans: Sometimes goods purchased from the supplier are returned fully or partially on account of various reasons such as supply of defective goods, spoiled in transit or it is not up to mark as per our order etc. Such goods are returned to the supplier. If the number of purchases returned is very few, it is recorded into the Journal Proper. But if the number of Purchases returns is very high, the recording of such returned goods is done into the Purchase Return Book. A specimen format of Purchase Returns Book is given as under:

Purchase Returns Book

Date	Particulars(Name of Supplier)	DebitNote No.	L.F.	Details(Rs.)	Total(Rs.)