Question No 04 Chapter No 8

Question No 04 Chapter No 8

Sale Book

04. Record the following transactions in the Sales Book of M/s Ajanta Electronics, Ranchi Jharkhand assuming CGST @ 9% and SGST @ 9%:

2018 
Mar.1Sold to Vandna Electronics, Kolkata West Bengal Vide Invoice No. 1255 : 
 50 Musical Alarm Clocks @ 800 each
 40 Wall Clocks @ 500 each
 Trade Discount 20%
Mar.10Sold to Mohan Watch Company, Patna Bihar Vide Invoice No. 1256 :
 25 Deluxe Wall Clocks @ 800 each
 Trade Discount 10%
Mar.15Sold to Superior Watch Company, Ranchi Vide Invoice No. 1257 :
 75 Deluxe Wall Clocks @ 800 each
 40 Super Deluxe Wall Clocks @ 1,000 each
 Trade Discount 15%
Mar.20Sold to Modern Electronics, Ranchi Vide Cash Memo No. 5234 :
 100% Musical Alarm Clocks @ 800 each
 Trade Discount 20%

The solution of Question No 04 Chapter No 8: –

 Sele Book 
DateParticularInvoice No.
DetailCost
Output CGSTOutput SGST Output
ISGT
 
Total
2018
Mar.
        
1Vandna Electronics, Kolkata1255      
 50 Musical Alarm Clocks @ Rs 800 each 40,000     
 40 Wall Clocks @ Rs 500 each 20,000     
   60,000     
 Less: 20% Trade Discount 12,000     
   48,000     
 Add: 18% IGST 8,640     
   56,64048,000  8,64056,640
10Mohan Watch Company, Patna Bihar1256      
 25 Deluxe Wall Clocks @ Rs 800 each 20,000     
 Less: Trade Discount @10% 2,000     
   18,000     
 Add: 18% IGST 3,240     
   21,24018,000  3,24021,240
15Superior Watch Company, Ranchi1257      
 75 Deluxe Wall Clocks @ Rs 800 each 60,000     
 40 Super Deluxe Wall Clocks @ Rs 1,000 each 40,000     
   1,00,000     
 Less: 20% Trade Discount 15,000     
   85,000     
 Add: CGST 7,650     
 Add: SGST 7,650     
   1,80,00085,0007,6507,650 1,00,300
    1,51,0007,6507,65011,8801,78,180

Note: In Sales Book, we record only the credit sale of goods, so the transaction dated March 20 being the sale of electronics for cash will not be recorded..

Sales Book| Subsidiary Books | Examples

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