Assignment 11

 Assignment 11: Purchase Order Process with compound unit

1)      Create a company with your name followed by your student code and chapter name for the financial year 2019-20.

2)      Create the following ledgers with opening balances.

Liabilities	Amount (Rs)	Assets	Amount (Rs)
Capital	275000	Furniture	326000
Loan from Indian bank	122000	HDFC bank	91000
Profit & loss	32000	Cash	12000
	429000		429000

 

3)       Placed a purchase order on 01-07-2019 to E-world dealers and for the following product [order no. EWD/Ord-00127/2019-20]

 

TV type	Screen size	Model no.	Quantity	Rate
LED TV	Samsung 22"	UA22 DSON	10 pcs	20900
	Samsung 32"	UA32D40N	3pcs	40900
	Sony 32"	KDL32E720	12 pcs	57900
LCD TV	Samsung22"	LA22D40E1	4 pcs	15000
	Sony 40"	KLV4013400	3 pcs	53900

4)       Following goods are sent against the above order no 02/07/2019. Challan no. EWD/CH00127/2019-20 and stored in park street godown

 

TV Type	Screen size	Model no.	Quantity	Rate
LED TV	Samsung 22"	UA22D50N	10 pcs	20900
	Sony 32"	KDL32E720	8pcs	57900
LCD TV	Samsung22"	LA22D40E1	4pcs	15000
	Sony 40"	KLV408400	3pcs	53900

5) On 02/07/2019 company rejected 1 pcs of sony 32” LED TV (KDL32E720) due to bad picture (Ref no. EWD/REJ-01/2019-20)

6) E-world dealers responds immediately replaces the rejected goods on the same date (Ref.No: EWD/CH-REJ002/2019-20) along with the invoice against the goods sent (Invoice no.EWD/INV00127/2019-20) on 31/07/2019 and they allowed 15 days’ credit period.

7) Purchase the following products from tele craft (Address: Andheri, Mumbai) on 31/07/2019 [Ref no. TC/INV-00129/2019-20]and stored in park street godown

Note: 1PK=100pcs

Product	Group	Qty (pk)	Rate
CD-R	CD	2	1200
CDR-		4	2500
DVD-RW	DVD	2	2800
DVD-R		10	1500

8) On 01/08/2019 company return 2 pk DVD-R to Tele craft. [Ref no.TC/RT-001/2019-20] and paid 50% of the total dues by cheque (Ch.no:223201).

9) Now check the purchase resister