Question

The following are some of the transactions of M/s Kishore & Sons as per Waste Book. Make out their Sales Book:

Sold to M/s Gupta & Verma on credit:

30 shirts @ 150

20 trousers @ 300

Less: Trade Discount @ 10%.

Sold old furniture to MIs Sehgal & Co. on credit 800

Sold 50 shirts on credit to M/s Jain & Sons @ 150 each.

Sold on credit to M/s Mathur & Jain

10 shirts @ 175

10 overcoats @ 500

Less: Trade Discount @ 10%.

Answer 1

In the Books of M/s Kishore & Sons
Sales Book

$\begin{array}{ccccc}\text{Date}& \text{Particulars}& \text{L.F}& \text{Details}& \text{Amount}\\ & & & \left(Rs\right)& \left(Rs\right)\\ 2011& & & & \\ & \text{M/s Gupta \& Verma}& & & \\ & \text{30 shirts}@150& & 4,500& \\ & \text{20 trousers}@300& & \underset{–}{6,000}& \\ & & & 10,500& \\ & \text{Less: Trade Discount @ 10\%}& & \underset{–}{1,050}& \\ & \underset{–}{\text{Sales as per invoice No.....Dated...}}& & & 9,450\\ & \text{M/s Jain \& Sons}& & & \\ & \text{50 shirts @' 150}& & 7,500& \\ & \underset{–}{\text{Sales as per invoice No.....dated...}}& & \underset{–}{}& 7,500\\ & \text{M/s Mathur \& Jain}& & & \\ & 100\text{shirts}@175& & 17,500& \\ & 10\text{overcoats}@500& & \underset{–}{5,000}& \\ & & & 22,500& \\ & \text{Less: Trade Discount}@10\%& & \underset{–}{2,250}& \\ & \text{sales as per invoice No....dated...}& & & 20,250\\ & \text{Sales A/c}Cr.& & & 37,200\end{array}$

Note : Sale of furniture is not entered in Sales Book as the firm does not deal in furniture.