DK Goel Solutions Chapter 12 Books of Original Entry - Special Purpose Subsidiary Books

DK Goel Accountancy Class 11 Solutions Chapter 12 Books of Original Entry – Special Purpose Subsidiary Books which is outlined by expert Accountancy teachers from the latest version of DK Goel Class 11 Accountancy books. We at BYJU’S provide DK Goel Solutions to assist students to comprehend all the theories in particular. There are numerous concepts in Accountancy, but the concepts of Trial Balance, Depreciation and Bank Reconciliation Statement (BRS) are required.

DK Goel Accountancy Class 11 Solutions – Chapter 12

Question 1

Prepare a sales book of Mahesh Electronics from the following details.

2018
June 3 Sold to Ruchi Electronics, Bangalore, vide Invoice No.431

5colour T.V set @ ₹20,000 each

Less: Trade discount 20%

June 10 Sold to Garima Electronics, Jaipur, vide Invoice No 432

10 washing machine @₹8,000 each

Less: Trade Discount 25%

June 12 Sold to Raghav & Sons, Bangalore, vide cash memo no. 2510

6 color T.V sets @ ₹18,000 each less trade discount 15%

June 16 Sold to Nitin Company, M.P vide invoice no. 433

8 music system @ ₹15,000 each

10colour T.V set @ ₹22,000 each

Less: Trade discount 20%

Solution:

Date

2018

Particulars Invoice No. L.F Details Sales Amount Output CGST OutputSGST Output IGST Total
June 3 Ruchi Electronics, Kolkata: 431
5 colour T.V Sets @ ₹20,000 each 1,00,000
Less: Trade Discount @ 20% 20,000
80,000
Add: CGST@9%

SGST@9%

7,200

7,200

94,400 80,000 7,200 7,200 94,400
June 10 Garima Electronics

Jaipur

432
10 washing machines @ ₹8,000 each 80,000
Less: Trade discount @25% 20,000
60,000
Add: IGST@18% 10,800
70,800 60,000 10,800 70,800
June 16 Nitin Company, Bangalore 433
8 music systems @ ₹15,000 each 1,20,000
10 color T.V set @ ₹22,000 each 2,20,000
3,40,000
Less: Trade discount @20% 68,000
2,72,000
Add: IGST @18% 48,960
3,20,960 2,72,000 48,960 3,20,960
June 30 Total 4,12,000 7,200 7,200 59,760 4,86,160

Note: (1) Goods are sold to Raghav & Sons in cash. Therefore, it is not recorded in the sales book.

(2) At the time of posting into the Leger

  • Ruchi Electronics will be debited with ₹94,400
  • Garima Electronics will be debited with ₹70,800
  • Nitin Company will be debited with ₹3,20,960
  • Sales A/c will be credited with ₹4,12,000
  • Output CGST A/c will be credited with ₹7,200
  • Output SGST A/c will be credited with ₹7,200
  • Output IGST A/c will be credited with ₹59,760

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