Question

Record the following transactions in the sales book of Vishal Electronics, Rajasthan.

$\begin{array}{cc}2016& \\ \text{July 3}& \text{Sold to Karan Electronics, vide Invoice No.431}\\ & \text{5 Colour TV Sets @ Rs 20,000 each}\\ & \text{Less : Trade discount 20\%; and GST is charged @ 10\%}\\ \text{July 10}& \text{Sold to Namit Electronics, vide Invoice No.432}\\ & \text{10 Washing machines @ Rs 8,000 each}\\ & \text{Less : Trade discount 25\% ; and GST is charged @ 10\%}\\ \text{July 12}& \text{Sold to Krish and Sons, vide Cash Memo No.2510}\\ & \text{6 Colour TV Sets @ Rs 18,000 each}\\ & \text{Less : Trade discount 15\%; and GST is charged @ 10\%}\\ \text{July 16}& \text{Sold to Aarav Trading company, vide Invoice No.433}\\ & \text{8 Music systems @ Rs 15,000 each}\\ & \text{10 colour TV sets @ Rs 22,000 each}\\ & \text{Less : Trade discount 20\%; GST charged @ 10\% ; Freight charged Rs 2,500}\end{array}$

Here, we have taken the assumed rate of GST.

Answer 1

$\text{Sales Book}\begin{array}{ccccccccc}\text{Date}& \text{Name of the Customer}& \text{Invoice}& \text{LF}& \text{Details}& \text{Sales}& \text{GST}& \text{Freight}& \text{Total Amt}\\ & \text{(Account to be Debited)}& \text{No.}& & \text{(Rs)}& \text{Amount}& \text{(Rs)}& \text{(Rs)}& \text{(Rs)}\\ 2016& & & & & & & & \\ \text{July 3}& \text{Karan Electronics}& 431& & & & & & \\ & \text{5 Colour TV Sets}& & & & & & & \\ & \text{@ Rs 20,000 each}& & & 1,00,000& & & & \\ & \text{(-) Trade Discount @ 20\%}& & & \underset{–}{(20,000)}& & & & \\ & & & & 80,000& & & & \\ & \text{(+) GST @ 10 \%}& & & 8,000& & & & \\ & & & & \overline{\underset{–}{\underset{–}{88,000}}}& 80,000& 8,000& -& 88,000\\ \text{July 10}& \text{Namit Electronics}& 432& & & & & & \\ & \text{10 Washing Machines}& & & & & & & \\ & \text{@ Rs 8,000 each}& & & 80,000& & & & \\ & \text{(-) Trade Discount @ 25\%}& & & \underset{–}{(20,000)}& & & & \\ & & & & 60,000& & & & \\ & \text{(+) GST @ 10 \%}& & & 6,000& & & & \\ & & & & \overline{\underset{–}{\underset{–}{66,000}}}& 60,000& 6,000& -& 66,000\\ \text{July 16}& \text{Aarav Trading Company}& 433& & & & & & \\ & \text{8 Music Systems}& & & & & & & \\ & \text{@ Rs 15,000 each}& & & 1,20,000& & & & \\ & \text{10 Colour TV Sets}& & & & & & & \\ & \text{@ Rs 22,000 each}& & & \underset{–}{2,20,000}& & & & \\ & & & & 3,40,000& & & & \\ & \text{(-) Trade Discount @ 20\%}& & & (68,000)& & & & \\ & & & & \overline{2,72,000}& & & & \\ & \text{(+) GST @ 10 \%}& & & 27,200& & & & \\ & & & & \overline{2,99,200}& & & & \\ & \text{(+) Freight Charges}& & & 2,500& & & & \\ & \underset{–}{}& & & \overline{\underset{–}{3,01,700}}& 2,72,000& 27,200& 2,500& 3,01,700\\ \text{July 31}& \text{Sales A/c}\text{Cr}& & & & \overline{4,12,000}& \overline{41,200}& \overline{2,500}& \overline{4,55,700}\end{array}$