Question No 10 Chapter No 9 – D.K Goal 11 Class

Question No 10 Chapter No 9

10.Record the following transaction in the Sales Book of Karunakaran & Sons, Chennai Tamandu
assuming CGST @ 90% and SGST @ 9% and post them into Ledger :-

2017
Dec.5	Sold of M/s Banwari Lal & Sons, Chennai, goods valued at 2,00,000 less Trade Discount 10%.
Dec.10	Sold to M/s Kanti Bhai & Sons, Bengaluru Karnataka :
	75 Electric Fans @ 4,000 each
	20 Room Coolers @ 10,000 each
	Less: Trade Discount 8%
Dec.18	6 Mahindra & Co., Kochi Kerala purchased from us goods of 1,20,000, less: 5%.
Dec.24	Sold goods for cash 60,000.

The solution of Question No 10 Chapter No 9: –

Sale Book
Date	Particular	Detail	Cost	Output CGST	Output SGST	Output ISGT	Total
2018 Dec.
5	M/s Banwari Lal & Sons, Chennai	2,00,000
	Less: 10% Trade Discount	20,000
		1,80,000
	Add: 9% CGST	16,200
	Add: 9% SGST	16,200
		2,12,400	1,80,000	16,200	16,200		2,12,400
10	M/s Kanti Bhai & Sons, Bengaluru Karnataka
	75 Electric Fans @ Rs 4,000 each	3,00,000
	20 Room Coolers @ Rs 10,000 each	2,00,000
		5,00,000
	Less: 8% Trade Discount	40,000
		4,60,000
	Add: 6% SGST	82,800
		5,42,800	4,60,000			82,800	5,42,800
16	Mahindra & Co., Kochi Kerala	1,20,000
	Less: 5% Trade Discount	6,000
		1,14,000
	Add: 18% IGST	12,750
		1,34,520	1,14,000			12,750	1,34,520
			7,54,000	16,200	16,200	1,03,320	8,89,720

Dr.	Sale A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Dec.30	To Sundries as per Sale Book		7,54,000

Dr.	Sachdeva Furniture Store A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Dec.05	By Sales A/c		1,80,000
Dec.05	By Input CGST A/c		16,200
Dec.05	By Input CGST A/c		16,200

Dr.	M/s Banwari Lal & Sons A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Dec.10	By Sales A/c A/c		4,60,000
Dec.10	By Input CGST A/c		82,800

Dr.	Mahindra & Co. A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Dec.16	By Sales A/c A/c		1,14,000
Dec.16	By Input IGST A/c		20,520

Note: Transaction on Dec. 24 will not be recorded in the Sales Book as it is a cash transaction.

https://tutorstips.com/ledger/

Thanks, Please Like and share with your friends  

Comment if you have any question.

Also, Check out the solved question of all Chapters: –

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)

Check out the Accountancy Class +1 by D.K. Goal (Arya Publication) from their official Site.