Books of Accounts Problems and Solutions

Books of Accounts Unsolved Problems

Problem 1:

State in which journal the following items will be recorded:

books of accounts problems and solutions


books of accounts


>> Read Books of Accounts.

Problem 2:

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


books of accounts to be maintained


>> Practice Books of Accounts MCQs.

Problem 3:

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


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.



maintenance of books of accounts


>> Read and practice Cash Book.

Problem 4:

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


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.



sales return book problems and solutions


>>> Bank Reconciliation Statement

Facebook Handel

Related Questions

Books of Accounts

Books of Accounts MCQs

Books of Accounts Examples

Books of Accounts Questions

Books of Accounts Format

Related Problems

Books of Accounts Exam Questions

Books of Accounts Exercises

Books of Accounts Problems PDF

Trial Balance

General Ledger


Mukharji, A., & Hanif, M. (2003). Financial Accounting (Vol. 1). New Delhi: Tata McGraw-Hill Publishing Co.

Narayanswami, R. (2008). Financial Accounting: A Managerial Perspective. (3rd, Ed.) New Delhi: Prentice Hall of India.

Ramchandran, N., & Kakani, R. K. (2007). Financial Accounting for Management. (2nd, Ed.) New Delhi: Tata McGraw Hill.


  1. Such intelligent work and reporting! Carry on the excellent works guys I have incorporated you guys to my blogroll. I think it will improve the value of my website 🙂

  2. Thank you so much

  3. I have learned lot of knowledge from here and it was friendly use this site.

    Thanks so much.