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Day 21: Purchases Book | Accounting Basics for Class 11 Students| Subsidiary Books #shorts #viralshorts #cadeveshthakur #accounting #class11 ‪@cadeveshthakur‬

Welcome to Day 21 of the 50 Days Accounting Challenge!
In today’s short yet powerful accounting lesson, we break down one of the most important concepts from Class 11 Accountancy — The Purchases Book. This YouTube Short is designed to help commerce students, beginners, and accounting learners build clear conceptual understanding through simple, practical explanations.

The Purchases Book is a vital part of Subsidiary Books, used to record all credit purchases of goods meant for resale. Many students struggle with differentiating between credit purchases, cash purchases, and asset purchases, which is why this short video uses real-life examples from December 2025 to make the concept easy, relatable, and exam-oriented.

In this lesson, you will learn:

✔ What goes into the Purchases Book?
Only credit purchases of trading goods — items bought for the purpose of resale — are recorded. This includes things like stationery, stock items, raw materials, or inventory purchased on credit.

✔ What does NOT go into the Purchases Book?
• Cash purchases (these go in the Cash Book)
• Purchases of fixed assets (such as computers, scanners, furniture, machinery — these go into the Asset A/c)
• Goods purchased for personal or office use
This distinction is essential for Class 11 students, and it’s a common exam question.

✔ Trade Discount
This video also explains how trade discount is deducted while recording the net amount in the Purchases Book. Trade discounts are not recorded separately — only the net figure is posted.

✔ Format of Purchases Book
The Short introduces students to the correct Purchases Book format:
• Date
• Supplier/Particulars
• Invoice Number
• Ledger Folio
• Details
• Amount
This helps you understand how bookkeeping entries are made in real business situations.

✔ Practical Example (December 2025)
We use three transactions:
• Credit purchase of stationery with trade discount
• Credit purchase of reams of paper
• Credit purchase of pens
These examples explain step-by-step how to calculate totals, apply trade discounts, identify whether the item is a trading good, and determine if the transaction belongs in the Purchases Book.

✔ Perfect for Students and Beginners
This short is ideal for:
• Class 11 Commerce students
• CBSE and state board students
• Beginners learning accounting
• CA Foundation aspirants
• Entrepreneurs trying to understand basic bookkeeping
• Anyone following the 50 Days Accounting Challenge

By the end of this video, students will clearly understand when and how to record entries in the Purchases Book and how it helps in smooth accounting and ledger posting.

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