**Books of Accounts Problems and Solutions**

Contents

**Books of Accounts Problems PDF Download**

**Problem 1:**

State in which journal the following items will be recorded:

**Solution:**

>> Read Books of Accounts.

**Problem 2:**

From the transactions given below prepare the **Sales Book** of Farhan Rahim for July 2016:

*2016*

**July 5:** Sold on credit to Ali Raza.

10 Chairs @ Rs. 250 Less 10%.

10 Tables @ Rs. 850 Discount 10%.

**July 8:** Sold to Zarak Akram for cash.

15 Chairs @ Rs. 250

**July 20:** Sold to Mohsin & Co.

05 Chairs @ Rs. 2,200

10 Tables @ Rs. 850

**July 23:** Sold on credit to Hassan Khan old computer for Rs. 5,000

**July 28: ** Sold to Khalid Khan for cash

15 Chairs @ Rs. 250

**Solution:**

>> Practice Books of Accounts MCQs.

**Problem 3:**

Enter the following transactions in the purchases return book of Sana Ghani:

*2017 *

**Jan 5: ** Returned goods to Tayyab Zafar 5 chairs @ Rs.200 each, not in accordance with order.

**Jan 14:** Returned goods to Ali 4 chairs @ Rs. 200 each and 10 tables @ Rs. 350 each, due to inferior quality.

**Jan 24: ** Return goods to Naeem and sons of Rs. 900.

**Solution:**

>> Read and practice Cash Book.

**Problem 4:**

Enter the following transactions in Returns Inward Book of Danyal Mohsin:

*2017*

**April 6: ** Returned by Sakandar 30 shirts each costing Rs. 550, due to inferior quality.

**April 8: ** Amar Tailors returned 10 ladies suits, each costing Rs. 1,900, on account of being not in accordance with their order.

**April 21:** T.N. Stores returned 12 male suits sets each costing Rs. 2,500, being not in accordance with order.

**Solution:**