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Sales Book

M/s Koina sol...

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M/s Koina sold on credit

(i) 2 water purifiers @ Rs 2,100 each and 5 buckets @ Rs 130 each to M/s Raman Traders (Invoice no. 178 dated 6th April, 2016) Less trade discount @10 %.

(ii) 5 road side containers @ Rs 4,200 each to M/s Nutan Enterprises (Invoice No. 180 dated 9 th April, 2016).

(iii) 100 big buckeks @ Rs 850 each to M/s Raman Traders (Invoice No.209, dated 28th April, 2016).

(iv) Sold old furniture to Rajesh & Co on credit Rs1,000.

Recent the above transactions in sales book and prepare sales account and Raman Trader's account.

Record the below transactions in sales book and prepare sales account and Raman Trader's account.

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Q. Prepare a Sales Book from the following transactions of Hema Traders, Kolkata dealing in furniture. Open a Ledger Account also:

2018
April 1	Sold to M/s. Gupta Furniture House, Delhi:
	100 Chairs @ ₹ 1,500 per chair
	40 Tables @ ₹ 2,000 per table
	Less: Trade Discount @ 5%
	Charged IGST @ 12%
April 10	Sold to M/s. Ajit Singh & Sons, Kolkata:
	150 Desks @ ₹ 1,000 per desk
	160 Chairs @ ₹ 1,500 per chair
	Less: Trade Discount @ 5%
	Charged CGST and SGST @ 6% each
April 15	Sold to M/s. Ideal Furniture House, Darjeeling:
	10 Sofa sets @ ₹ 75,000 each
	5 Almirahs @ ₹ 3,000 each
	25 Office Tables @ ₹ 4,000 each
	Less: Trade Discount @ 10%
	Charged CGST and SGST @ 6% each

Q. Enter the following transactions in the Purchase Journal (Book) of M/s Gupta Traders of July 2017:

01	Bought from Rahul Traders as per invoice no. 20041
	40 Registers @ Rs 60 each
	80 Gel Pens @ Rs 15 each
	50 note books @ Rs 20 each
	Trade discount 10%.
15	Bought from Global Stationers as per invoice no. 1132
	40 Ink Pads @ Rs 8 each
	50 Files @ Rs 10 each
	20 Color Books @ Rs 20 each
	Trade Discount 5%
23	Purchased from Lamba Furniture as per invoice no. 3201
	2 Chairs @ 600 per chair
	1 Table @ 1,000 per table
25	Bought from Mumbai Traders as per invoice no. 1111
	10 Paper Rim @ Rs 100 per rim
	400 drawing Sheets @ Rs 3 each
	20 Packet waters colour @ Rs 40 per packet

Enter the following transactions of M/s Ketan in Purchase Book, Sales Book, Purchase Returns Book and Sales Returns Book.

2011 March
1	Sold goods to Sudha Stores Rs 29,000 at 10% trade discount.
3	Purchased goods from Meghdoot Traders Rs 37,350 and paid carriage Rs 150.
6	Sudha Stores returned goods of Rs 3,220 (Net).
10	Cash purchases Rs 18,600 and Cash Sales Rs 61,000.
13	Jayesh invoiced goods to us as per our order placed on 28th Feb. 2011 Rs 27,000.
17	Sold goods worth Rs 33,400 to Nandini at 10% trade discount.
20	Returned goods to Jayesh Rs 2,850 as they were defective.
22	Credit purchases from Micky Traders Rs 19,450 and they allowed a trade discount of Rs 150.
23	Nandini returned goods of Rs 1,900 (Gross) as they were damaged.
26	Purchased office furniture on credit from Suhani Furniture Mart Rs 55,000.
29	Purchased goods from Garima Stores for Rs 8,000 and sold the same to Anita at 25% profit on cost.
31	Sent a debit note to Micky Traders for Rs 3,200

Q. Prepare Sales Book from the following transactions of Hema Traders, Kolkata dealing in furniture. Open the Ledger Accounts also:

2019
April 1	Sold to M/s. Gupta Furniture House, Delhi:
	100 Chairs @ ₹ 1,500 per chair
	40 Tables @ ₹ 2,000 per table
	Less: Trade Discount @ 5%
	Charged IGST @ 12%
April 10	Sold to M/s. Ajit Singh & Sons, Kolkata:
	150 Desks @ ₹ 1,000 per desk
	160 Chairs @ ₹ 1,500 per chair
	Less: Trade Discount @ 5%
	Charged CGST and SGST @ 6% each
April 15	Sold to M/s. Ideal Furniture House, Darjeeling:
	10 Sofa sets @ ₹ 75,000 each
	5 Almirahs @ ₹ 3,000 each
	25 Office Tables @ ₹ 4,000 each
	Less: Trade Discount @ 10%
	Charged CGST and SGST @ 6% each

Q. Pass Journal entries of M/s. Bhanu Traders, Delhi from the following transactions. Post them to the Ledger:


2018			₹
April 1	Commenced business with cash*		1,50,000
April 2	Opened a bank account with PNB*		50,000
April 3	Purchased furniture		20,000
April 7	Bought goods for cash from M/s. Rupa Traders, Delhi		30,000
April 8	Purchased goods from M/s. Hema Traders, Chandigarh		42,000
April 10	Cash sales		30,000
April 14	Sold goods on credit to M/s. Gupta Traders, Kolkata		12,000
April 16	Rent paid		4,000
April 18	Paid Electricity expenses*		1,000
April 20	Received cash from Gupta Traders*		12,000
April 22	Goods returned to Hema Traders		2000
April 23	Cash paid to Hema Traders*		40,000
April 25	Bought postage stamps*		100
April 30	Paid salary to Mohan*		4,000

Intra-state transactions are subject to levy of CGST and SGST @ 6% each whereas inter-state transactions are subject to levy of IGST @ 12%. Out of the above transactions marked (*) are not subject to levy of GST.

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