Question No 8 Chapter No 8- UNIMAX Class 11 – Solution
Table of Contents
8. (with GST). From the following transactions of M/s Ridhima sales, Kolkata, prepare a sales book:
| Mar.1 | Sold to M/s. Gayatri tea, Assam, vide invoice No. 2005,3 chests of tea for ₹ 5,000 per chest less trade discount @ 5 %and GST is charged @ 12%. |
| Mar.4 | Sold to M/s. Mohan & Sons, Kolkata vide invoice No2006, 20 kg Amul butter @ ₹ 250 per kg less trade discount 5% and charges CGST and SGST @ 6% each. |
| Mar.5 | Sold to M/s Garry Sons, Delhi vide invoice No. 2007, 20kg Assam tea @ ₹ 600 per kg less trade discount 5%, charges IGST @ 12%. Freight and packing charges were separate charges in the invoice at ₹ 1,600. |
| Also, show the journal entry for the entries recorded in the sales book. |
The solution of Question No 8 Chapter No 8- UNIMAX Class 11 – Solution
| SALES Book | ||||||||||
| Date | Invoice no. | Particulars |
L. F. | Details | Cost | Output CGST | Output CGST | Output IGST | Freight charges | Amount |
| 2020 | ||||||||||
| Mar.1 | 2005 | M/s Gayatri tea, Assam | ||||||||
| 3 Chests tea@₹5,000per chest | 15,000 | |||||||||
| Less: trade discount @ 5% | 750 | |||||||||
| 14,250 | ||||||||||
| Add; IGST 12% | 1,710 | |||||||||
| 15,960 | 14,250 | 1,710 | 15,960 | |||||||
| Mar.4 | 2006 | M/s Mohan & Sons, Kolkata | ||||||||
| 20kg Amul butter @ 250 per kg | 5,000 | |||||||||
| Less: trade discount @ 5% | 250 | |||||||||
| 4,750 | ||||||||||
| Add: CGST @ 6% | 285 | |||||||||
| Add: SGST @ 6% | 285 | |||||||||
| 5,320 | 4,750 | 285 | 285 | 5,320 | ||||||
| Mar.5 | 2007 | M/s Garry Sons, Delhi | ||||||||
| 20kg Assam tea @ ₹ 600 per kg | 12,000 | |||||||||
| Less: trade discount @ 5% | 600 | |||||||||
| 11,400 | ||||||||||
| Add: GST @ 12 % | 1,368 | |||||||||
| 12,768 | ||||||||||
| Add: freight & packing charges | 1,600 | |||||||||
| 14,368 | 11,400 | 1,386 | 1,600 | 14,368 | ||||||
| 30,400 | 285 | 285 | 3,078 | 1,600 | 35,648 | |||||
Journal
| Date | Particulars | L.F. | Debit | Credit | |
| 2020 | |||||
| Apr.30 | M/s. Gayatri tea, Assam A/c | Dr. | 15,960 | ||
| M/s. Mohan & Sons, Kolkata A/c | Dr. | 5,320 | |||
| M/s. Garry Sons, Delhi A/c | Dr. | 14,368 | |||
| To Sales A/c | 30,400 | ||||
| To output CGST A/c | 285 | ||||
| To output SGST A/c | 285 | ||||
| To output IGST A/c | 3,078 | ||||
| To expenses (freight and packing charged) recoverable A/c | 1,600 | ||||
| (being the purchases for the month of April) | |||||
Read out the full article to know the meaning of Sale Book
Sales Book – Subsidiary Books – Examples
Also, Check out the same article in Hindi from the following link
Sales Book – Subsidiary Books – Examples – in Hindi
Also, Check out the solved question of all Chapters: –
Advanced Accountancy – Unimax Class 11 – 2021 – Solution.
Part-I
- Chapter No. 1 – Introduction of Accounting
- Chapter No. 2 – Theory Base of Accounting
- Chapter No. 3 – Vouchers and Transactions
- Chapter No. 4 – Journal
- Chapter No. 5 – Goods and Services Tax (GST): An Introduction
- Chapter No. 6 – Ledger
- Chapter No. 7 – Special Purpose Book – Cash Book
- Chapter No. 8 – Other Subsidiary Books
- Chapter No. 9 – Trial Balance
- Chapter No. 10 – Rectification of Errors
- Chapter No. 11 – Depreciation
- Chapter No. 12 – Provision and Reserves
- Chapter No. 13 – Bank Reconciliation Statement
- Chapter No. 14 – Bills of Exchange
Students may choose only one part from the Part II and Part III
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Part-II
- Chapter No. 15 – Financial Statements (Without Adjustments)
- Chapter No. 16 – Financial Statements (With Adjustments)
- Chapter No. 17 – Accounts from Incomplete Records – Single Entry System
Part-III
- Chapter No. 18 – Introduction to Computers and Accounting information System
- Chapter No. 19 – Computerised Accounting
- Chapter No. 20 – Accounting Software: Tally
- Chapter No. 21 – Data Base System
- Chapter No. 22 – Concept of Entity and Relationship