Question No 07 Chapter No 9

Question No 07 Chapter No 9

7. From the following particular, write up the sale Bok of Ajay Kumar who deals in furniture. Also, make the posting from sale Book

2018 
Dec.4Sold on credit Anwar Brothers
 10 tables @ Rs 500 each
 30 chairs @ RS 200 each
Dec. 11Sold to Banasri Dass & Co.
 2 almirahs @ Rs 8,000 each
 1 Dining Tables @ Rs 5,000
Dec.20Sold old typewriter on credit |to Mukandi & Sons for Rs 4,000
Dec. 31Sold to Kwality Restaurant
 60 Chairs @ Rs 800 each
 15 Tables @ RS 1,500 each
 Ajay offers trade discount at the following rates
 Sale upt0 Rs 20,000 5%
 Sale beyond Rs 20,000 10%

The solution of Question No 07 Chapter No 9: –

DateParticularDetailTotal
2018   
Dec. 4Anwar Brothers  
 10 tables @ Rs 500 each5,000 
 30 Charise @ Rs 200 each6,000 
  11,000 
 Less: Trade Discount @5%550 
  10,45010,450
    
Dec. 11Banarsi Dass & Co.  
 2 Almirahs @ Rs 8,000 each16,000 
 1 Dining table @ Rs 5,000 each5,000 
  21,000 
 Less: Trade Discount 10%2,100 
  18,90018,900
Dec.31Kwality Restaurant  
 60 chairs @ Rs 800 each48,000 
 15 table @ Rs 1,500 each22,500 
  70,500 
 Less: Trade Discount @10%7,050 
  63,45063,450
 Total92,80092,800

Note: the entry of Dec.20 will not come in the sale for because it is not related to the business  deals in

Sales Book| Subsidiary Books | Examples

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Also, Check out the solved question of all Chapters: –

Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Origin of Transactions

Chapter No. 4 – Vouchers and transactions

Chapter No. 5 – Journal

Chapter No. 6 – Accounting for Goods and Services Tax(GST)

Chapter No. 7 – Ledger

Chapter No. 8 – Cash Book

Chapter No. 9 – Other Subsidiary Books

Chapter No. 10 – Journal Proper

Chapter No. 11 – Trial Balance

Chapter No. 12 – Bank Reconciliation Statement

Chapter No. 13 – Depreciation

Chapter No. 14 – Provisions and Reserves 

Chapter No. 15 – Bills of Exchange

Chapter No. 16 – Rectification of Errors 

Chapter No. 17 – Financial Statements – (Without Adjustments)

Chapter No. 18 – Financial Statements – (With Adjustments)

 

 

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