Question

Financial Accounting
Illustration 11
Enter the following transactions in the Sales Book of M/s. Saran Raj &
Sons and post them into ledger:
1999
May 2 Sold to M/s Ragul Bros:
200 pieces long cloth at Rs. 90 per piece
300 pieces shirting @ Rs. 110 per piece
May 5 Sold toM/s Gupta & Verma:
20 Pieces Coating @ Rs. 250 per piece
May 16 Sold toM/s Mathur & Jain :
250 blankets @ Rs. 50 each
120 blankets @ Rs. 75 each
May 20 Sold 20 Shirts to cheap stores @ Rs. 30 each for cash.
May 25 Sold old furniture to M/s. Santhosh & Co. on credit
Rs. 800.
It is the practice followed by M/s Saran Raj & Sons to allow
10% trade discount on all sales.
i need this as a sum with clear explanation​

Answer 1

Answer:

A Bank's Balance Sheet. A balance sheet is an accounting tool that lists assets and liabilities. ... The net worth is the asset value minus how much is owed (the liability). A bank's balance sheet operates in much the same way. A bank's net worth is also referred to as bank capital.

I Think So It Will Help U

Answer 2

Answer:

) Enter the following transactions in the Sales book of M/s. Saran Raj & Sons

2.5.99 Sold to M/s. Ragul Bros: 200 pieces long cloth at Rs.90 per piece 300 pieces shirting

@ Rs.110 per piece

5.5.99 Sold to M/s. Gupta & Verma: 20 pieces Coating at Rs.250 per piece

16.5.99 Sold to M/s. Mathur & Jain: 250 blankets @ Rs.50 each 120 blankets @ Rs.75 each

20.5.99 Sold 20 shirts to cheap stores @ Rs.30 each for cash

25.5.99 Sold old furniture to M/s Santhosh & Co. on credit Rs.800 It is the practice followed

by M/s. Saran Raj & Sons to allow 10% trade discount on all sales