Question No 08 Chapter No 9 – USHA Publication 11 Class

Question No 08 Chapter No 9

Question No 08 Chapter No 9

8. Enter the following transaction in the sale book of Lahoria Enterprises, Patna

2019  
Mar.2 Sold on credit to Boys Zone, Patna (Invoice No.606)
  20 Trousers @ Rs 1,200 each
  25 Track Suits @ Rs 800 each
  Tarde Discount 20%,  CGST and SGST 6%,.  Freight Rs 400
Mar.10 Sold to Girls Wears, Mandi(Invoice No. 607)
  24 Tops @ Rs 4,000 per dozen
  36 Trousers @ Rs 9,000per dozen
  Trade discount 20%, IGST 12%, Freight Rs 250)
Mar.21 Sold to Kids Zone, Muzaffarpur (Invoice No. 608)
  40 Baby Suits @ RS 250 each
  60 Baby Frocks @ Rs 1,000 per dozen
  (Trade discount CGST and SGST 6%)
Mar.26 Sold to Chautala Enterprises, Sirsa ( Invoice No. 609
  3 old computer @ Rs 10,000 each
  2 old printer @ Rs 4,000 each
  IGST 12%

 

The solution of Question No 08 Chapter No 9: –

 

Date Particular Detail Cost
Output CGST Output SGST  Output
ISGT
 
Freight Total
2018

               
Mar. 2 Boys Zone, Patna              
  30 Trousers @ Rs 1,200 each 36,000            
  25 Track Suits @ Rs 800 each 20,000            
    56,000            
  Less: Trade Discount @20% 11,200            
    44,800            
  Add: Freight 400            
    45,200             
  Add: CGST 2,712            
  Add: SGST 2,712            
    50,624 44,800 2,712 2,712   400 50,624
                 
Mar.10 Girls Wears, Mandi              
  24 tops @ Rs 4,000 per dozen 8,000            
  36 Trousers @ Rs 9,000 per dozen 27,000            
    35,000            
  Less: Trade Discount @20% 7,000            
    28,000            
  Add:freight 250            
    28,250            
  Add: IGST 3,390            
    31,640 28,000     3,390 250 31,640
                 
Mar.21 Kids Zone, Muzaffarpur              
  40 Baby Suits @ Rs 250 each 10,000            
  60 Baby Frocks @ Rs 1,000 per dozen 5,000            
    15,000            
  Less: Trade Discount @30% 1,500            
    13,500            
  Add: CGST 810            
  Add: SGST 810            
    15,120 13,500 810 810     15,120
  Total   86,300 3,522 3,522 3,390 650 97,384

Note: Entry of Mar.26 will not enter in Sale Account because in this transition is not related to the business deal in

Sales Book| Subsidiary Books | Examples

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

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Vouchers and transactions

Chapter No. 4 – Journal

Chapter No. 5 – Ledger

Chapter No. 6 – Cash Book

Chapter No. 7 – Other Subsidiary Books

Chapter No. 8 – Journal Proper

Chapter No. 9 – Trial Balance 

Chapter No. 10 – Bank Reconciliation Statement

Chapter No. 11 – Depreciation

Chapter No. 12 – Provisions and Reserves 

Chapter No. 13 – Bills of Exchange

Chapter No. 14 – Rectification of Errors 

Chapter No. 15 – Financial Statements – (Without Adjustments)

Chapter No. 16 – Financial Statements – (With Adjustments)

 

 

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