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.1 Sold 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.10 Sold to Mohan Watch Company, Patna Bihar Vide Invoice No. 1256 : 25 Deluxe Wall Clocks @ 800 each Trade Discount 10% Mar.15 Sold 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.20 Sold 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 Date Particular Invoice No. Detail Cost Output CGST Output SGST OutputISGT Total 2018Mar. 1 Vandna Electronics, Kolkata 1255 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 56,640 48,000 8,640 56,640 10 Mohan Watch Company, Patna Bihar 1256 25 Deluxe Wall Clocks @ Rs 800 each 20,000 Less: Trade Discount @10% 2,000 18,000 Add: 18% IGST 3,240 21,240 18,000 3,240 21,240 15 Superior Watch Company, Ranchi 1257 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 1,80,000 85,000 7,650 7,650 1,00,300 1,51,000 7,650 7,650 11,880 1,78,180

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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