Question No 03 Chapter No 8
Sale Book
03.Record the following transactions in the Sales Book of Ganesh & Co. of Jaipur Rajasthan, who deal in Furniture. Assume CGST @ 6% and SGST @ 6% :-
| 2017 | |
| Jun.4 | Sold to Gupta Furniture House, Agra U.P.:- |
| 120 Chairs @ 2,500 per Chair | |
| 25 Tables @ 8,000 per Table | |
| Less: 5% | |
| Jun.8 | Sold to Raja Furniture House, Ahmedabad Gujarat:- |
| 8 Almirahs @ 15,000 each | |
| Steel Cabinets @ 20,000 each | |
| Trade Discount 10% | |
| Jun.12 | Sold old Computer for 1,500 to Mohan & Co. on Credit. |
| Jun.20 | Sold 4 Sofa sets @ 25,000 each to Varun & Co. for cash |
| Jun.25 | Sold to New Furniture House, Jaipur: |
| 5 Sofa sets @ 20,000 each | |
| 10 Tables @ 8,000 each | |
| Jun.28 | Purchased from Ram Lal & Co. Jaipur on credit : |
| 50 chairs @ 2,000 each |
The solution of Question No 03 Chapter No 8: –
| Sale Book | |||||||
| Date | Particular | Detail | Cost |
Output CGST | Output SGST | Output ISGT |
Total |
| 2018 Jan. |
|||||||
| 4 | Gupta Furniture House, Agra U.P. | ||||||
| 120 Chairs @ Rs 2,500 per Chair | 3,00,000 | ||||||
| 25 Tables @ Rs 8,000 per Table | 2,00,000 | ||||||
| 5,00,000 | |||||||
| Less: 5% Trade Discount | 25,000 | ||||||
| 4,75,000 | |||||||
| Add: 12% IGST | 57,000 | ||||||
| 5,32,000 | 4,75,000 | 57,000 | 5,32,000 | ||||
| 8 | Raja Furniture House, Ahmadabad Gujarat | ||||||
| 8 Almirahs @ Rs 15,000 each | 1,20,000 | ||||||
| 9 Steel Cabinets @ Rs20,000 each | 1,80,000 | ||||||
| 3,00,000 | |||||||
| Less: Trade Discount @10% | 30,000 | ||||||
| 2,70,000 | |||||||
| Add: 12% IGST | 32,400 | ||||||
| 2,36,000 | 2,70,000 | 32,400 | 3,02,400 | ||||
| 25 | New Furniture House, Jaipur | ||||||
| 5 Sofa Sets @ Rs 20,000 each | 1,00,000 | ||||||
| 10 Tables @ Rs 8,000 each | 80,000 | ||||||
| 1,80,000 | |||||||
| Add: CGST | 10,800 | ||||||
| Add: SGST | 10,800 | ||||||
| 2,01,600 | 1,80,000 | 10,800 | 10,800 | 2,01,600 | |||
| 9,25,000 | 10,800 | 10,800 | 89,400 | 10,36,000 | |||
Note: In Sales Book, we record only the credit sale of goods, so transactions dated June 12 being Computer sold on credit and June 20 being Sofa Sets sold for cash will not be recorded.
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D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution
- Chapter 1 Evolution of Accounting & Basic Accounting Terms
- Chapter 2 Accounting Equations
- Chapter 3 Meaning and Objectives of Accounting
- Chapter 4 Double Entry System
- Chapter 5 Books of Original Entry – Journal
- Chapter 6 Accounting for Goods and Service Tax (GST) (Coming soon)
- Chapter 7 Books of Original Entry – Cash Book (Coming soon)
- Chapter 8 Books of Original Entry – Special Purpose Subsidiary Books (Coming soon)
- Chapter 9 Ledger (Coming soon)
- Chapter 10 Trial Balance and Errors (Coming soon)
- Chapter 11 Bank Reconciliation Statement (Coming soon)
- Chapter 12 Depreciation (Coming soon)
- Chapter 13 Bills of Exchange (Coming soon)
- Chapter 14 Generally Accepted Accounting Principles(GAAP)
- Chapter 15 Bases of Accounting
- Chapter 16 Accounting Standards and International Financial Reporting Standard(IFRS) (Coming soon)
- Chapter 17 Capital and Revenue
- Chapter 18 Provisions and Reserves
- Chapter 19 Final Accounts (Coming soon)
- Chapter 20 Final Accounts – With Adjustments (Coming soon)
- Chapter 21 Errors and their Rectification (Coming soon)
- Chapter 22 Accounts from Incomplete Records – Single Entry System (Coming soon)
- Chapter 23 Accounts of Not-for-Profit Organisations (Coming soon)
- Chapter 24 Computerised Accounting System (Coming soon)
- Chapter 25 Introduction to Accounting Information System (Coming soon)
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