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Question 8 Chapter 8 – of Class 11 Unimax Publications
8. (with GST). From the following transactions of M/s Ridhima sales, Kolkata, prepare a sales book:
| Mar.1 | Sold to M/s. Gayatri tea, Assam, vide invoice No. 2005,3 chests of tea for ₹ 5,000 per chest less trade discount @ 5 %and GST is charged @ 12%. |
| Mar.4 | Sold to M/s. Mohan & Sons, Kolkata vide invoice No2006, 20 kg Amul butter @ ₹ 250 per kg less trade discount 5% and charges CGST and SGST @ 6% each. |
| Mar.5 | Sold to M/s Garry Sons, Delhi vide invoice No. 2007, 20kg Assam tea @ ₹ 600 per kg less trade discount 5%, charges IGST @ 12%. Freight and packing charges were separate charges in the invoice at ₹ 1,600. |
| Also, show the journal entry for the entries recorded in the sales book. |
SALES Book
| Date | Invoice no. | Particulars |
L. F. | Details | Cost | Output CGST | Output SGST | Output IGST | Freight charges | Amount |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | ||||||||||
| Mar.1 | 2005 | M/s Gayatri tea, Assam | ||||||||
| 3 Chests tea@₹5,000per chest | 15,000 | |||||||||
| Less: trade discount @ 5% | 750 | |||||||||
| 14,250 | ||||||||||
| Add; IGST 12% | 1,710 | |||||||||
| 15,960 | 14,250 | 1,710 | 15,960 | |||||||
| Mar.4 | 2006 | M/s Mohan & Sons, Kolkata | ||||||||
| 20kg Amul butter @ 250 per kg | 5,000 | |||||||||
| Less: trade discount @ 5% | 250 | |||||||||
| 4,750 | ||||||||||
| Add: CGST @ 6% | 285 | |||||||||
| Add: SGST @ 6% | 285 | |||||||||
| 5,320 | 4,750 | 285 | 285 | 5,320 | ||||||
| Mar.5 | 2007 | M/s Garry Sons, Delhi | ||||||||
| 20kg Assam tea @ ₹ 600 per kg | 12,000 | |||||||||
| Less: trade discount @ 5% | 600 | |||||||||
| 11,400 | ||||||||||
| Add: GST @ 12 % | 1,368 | |||||||||
| 12,768 | ||||||||||
| Add: freight & packing charges | 1,600 | |||||||||
| 14,368 | 11,400 | 1,368 | 1,600 | 14,368 | ||||||
| 30,400 | 285 | 285 | 3,078 | 1,600 | 35,648 |
Journal
| Date | Particulars | L.F. | Debit | Credit | |
|---|---|---|---|---|---|
| 2020 | |||||
| Mar.31 | M/s. Gayatri tea, Assam A/c | Dr. | 15,960 | ||
| M/s. Mohan & Sons, Kolkata A/c | Dr. | 5,320 | |||
| M/s. Garry Sons, Delhi A/c | Dr. | 14,368 | |||
| To Sales A/c | 30,400 | ||||
| To output CGST A/c | 285 | ||||
| To output SGST A/c | 285 | ||||
| To output IGST A/c | 3,078 | ||||
| To expenses (freight and packing charged) recoverable A/c | 1,600 | ||||
| (being the sales for the month of March) | |||||
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
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