Question

25. Record the following transactions in the Sales Book of Ganesh Electronics, Kolkata (West Bengal)
assuming CGST @9% and SGST @ 9% for the month of January 2018
Jan. 3
sold to Ruchika Electronics, Kolkata, vide invoice no. 431
5 colour T.V. sets @ 20,000 each
Less: Trade discount 20%
Jan. 10 sold to Garima Electronics, Patna(Bihar), vide invoice no. 432
10 washing machines @ 8,000 each
Less: Trade discount 25%
Jan. 12 sold to Raghav & Sons, Kolkata, vide Cash Memo no. 2510
6 colour T.V. sets @ 18,000 each Less Trade discount 15%
Jan. 16 sold to Nitin Trading Company, Ranchi(Jharkhand), vide invoice no. 433
8 music systems @ 15,000 each
10 colour T.V. sets @ 22,000 each
Less: Trade discount 20%​

Answer 1

Answer:

25. Record the following transactions in the Sales Book of Ganesh Electronics, Kolkata (West Bengal)

assuming CGST @9% and SGST @ 9% for the month of January 2018

Jan. 3

sold to Ruchika Electronics, Kolkata, vide invoice no. 431

5 colour T.V. sets @ 20,000 each

Less: Trade discount 20%

Jan. 10 sold to Garima Electronics, Patna(Bihar), vide invoice no. 432

10 washing machines @ 8,000 each

Less: Trade discount 25%

Jan. 12 sold to Raghav & Sons, Kolkata, vide Cash Memo no. 2510

6 colour T.V. sets @ 18,000 each Less Trade discount 15%

Jan. 16 sold to Nitin Trading Company, Ranchi(Jharkhand), vide invoice no. 433

8 music systems @ 15,000 each

10 colour T.V. sets @ 22,000 each

Less: Trade discount 20%

Answer 2

Answer:

Total of Sales book after posting the transactions into sales book of Ganesh Electronics  is 486160/-

Prepared sales book is attached.

Explanation:

Transaction on Jan. 12 sold to Raghav & Sons, Kolkata against vide Cash Memo no. 2510 is not considered in the subsidiary sales book.

Trade discount is the rebate given against sales to customer. Therefore, not considered in preparation of sales book.