How to prepare a purchase day book?

A company purchases for the month of April 2012 as follows,

• On 6^th April − Bought 25 computers from Com co. Each computer cost Rs.25000/- with 8% trade discount.
• On 12^th April − Bought 150 phones from PHO co. Each phone cost Rs.950/- on credit.
• On 17^th April − Bought 400 televisions from TV co. Each television cost 23580/- at a 4% cash discount.
• On 20^th April − Purchased 150 radios from Ra co. Each cost them 320/- on credit.

Solution

The purchase day book is prepared for the above mentioned data.

Amount due for Com co.

• Step 1 − On April 6th 25 computers were purchased from Com co. price of each computer is Rs.25000/-

  Total amount for computers = 25000 * 25 = Rs.625000/-

• Step 2 − Com co given 8% discount on purchasing 25 computers on overall amount

  Discount = 8% * 625000 = Rs.52160/-

• Step 3 − amount due is the difference between step 1 and step 2

  Amount due = 625000 − 52160 = Rs.572840/-

Amount due for PHO co.

•  On 12th April 150 phones were purchased from PHO co. price of each phone is Rs.950/-

Amount due = 150 * 950 = 142500

Amount due for Ra co.

• On 20th April 150 radios were bought from Ra co on credit basis. Price of each radio is Rs.320

Amount due = 320 * 150 = 48000

Purchase day book for a company as follows -

Purchase day book