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.

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/-

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

Amount due = 150 * 950 = 142500

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

Date	Name of supplier	Amount
06/04/2012	Com co.	572840
12/04/2012	PHO co.	142500
20/04/2012	Ra co.	48000
total		763340

Updated on: 12-Jul-2021

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