Question No 11 Chapter No 8

Question No 11 Chapter No 8

11. Enter the following transactions in the Sales Book of M/s Sri Ram & Sons, Kolkata:−

2018 
Jan.5Sold to Ramesh Stationery House, Kolkata:−
 50 Dozen Pencils @ 20 per doz
 20 Dozen Pens @ 5 per Pen
 Trade Discount 10%
Jan.8Sold to Gupta Stationery Shop, Kanpur:−
 10 Dozen Note Books @ 60 per doz
 15 Gross Rubbers @ 10 per doz.
Jan.20Sold old newspapers for 150
Jan.24Sold to Modern Stationery House, Lucknow for Cash:−
 25 Dozen Pencils @ 22 per doz.
Jan.28Sold to Ali Mohammad & Sons, Allahabad:−
 10 Reams of Paper @ 80 per Ream
 Discount 15%
Jan.31Sold old furniture to Kedar Nath & Co., Allahabad on credit 2,200

The solution of Question No 11 Chapter No 8: –

sale Book
DateParticularDetailTotal
2018
Jan.
   
5Ramesh Stationery House, Kolkata  
 50 Dozen Pencils @ Rs 20 per dozen1,000 
 240 Pens @ Rs 5 per pen1,200 
  2,200 
 Less: 10% Trade Discount220 
  1,9801,980
8Gupta Stationery Shop, Kanpur  
 10 Dozen Notebooks @ Rs 60 per dozen600 
 15 Gross* Rubbers @ Rs 10 per dozen1,800 
  2,4002,400
28Ali Mohammad & Sons, Allahabad  
 10 Reams of Paper @ Rs 80 per Ream800 
 Less: 15% Trade Discount120 
  680680
   5,060

Note: Sales book records only the credit sale of goods, so transaction dated Jan 20 being the sale of newspapers, Jan. 24 being cash sales and June 31 being credit sale of a fixed asset will not be recorded

Working Note:-

*1 Gross = 12 Dozen
15 Gross = 12 × 15 = 180 Dozen

Purchase Return Book | Subsidiary Books | Examples

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