Question No 11 Chapter No 8
11. Enter the following transactions in the Sales Book of M/s Sri Ram & Sons, Kolkata:−
| 2018 | |
| Jan.5 | Sold to Ramesh Stationery House, Kolkata:− |
| 50 Dozen Pencils @ 20 per doz | |
| 20 Dozen Pens @ 5 per Pen | |
| Trade Discount 10% | |
| Jan.8 | Sold to Gupta Stationery Shop, Kanpur:− |
| 10 Dozen Note Books @ 60 per doz | |
| 15 Gross Rubbers @ 10 per doz. | |
| Jan.20 | Sold old newspapers for 150 |
| Jan.24 | Sold to Modern Stationery House, Lucknow for Cash:− |
| 25 Dozen Pencils @ 22 per doz. | |
| Jan.28 | Sold to Ali Mohammad & Sons, Allahabad:− |
| 10 Reams of Paper @ 80 per Ream | |
| Discount 15% | |
| Jan.31 | Sold old furniture to Kedar Nath & Co., Allahabad on credit 2,200 |
The solution of Question No 11 Chapter No 8: –
| sale Book | |||
| Date | Particular | Detail | Total |
| 2018 Jan. |
|||
| 5 | Ramesh Stationery House, Kolkata | ||
| 50 Dozen Pencils @ Rs 20 per dozen | 1,000 | ||
| 240 Pens @ Rs 5 per pen | 1,200 | ||
| 2,200 | |||
| Less: 10% Trade Discount | 220 | ||
| 1,980 | 1,980 | ||
| 8 | Gupta Stationery Shop, Kanpur | ||
| 10 Dozen Notebooks @ Rs 60 per dozen | 600 | ||
| 15 Gross* Rubbers @ Rs 10 per dozen | 1,800 | ||
| 2,400 | 2,400 | ||
| 28 | Ali Mohammad & Sons, Allahabad | ||
| 10 Reams of Paper @ Rs 80 per Ream | 800 | ||
| Less: 15% Trade Discount | 120 | ||
| 680 | 680 | ||
| 5,060 | |||
Note: Sales book records only the credit sale of goods, so transaction dated Jan 20 being the sale of newspapers, Jan. 24 being cash sales and June 31 being credit sale of a fixed asset will not be recorded
Working Note:-
*1 Gross = 12 Dozen
15 Gross = 12 × 15 = 180 Dozen
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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)
Check out the Accountancy Class +1 by D.K. Goal (Arya Publication) from their official Site.
