Prepare Sales book of M/s Kapoor Sons for the month of April 2011 and post to ledger: April - Accountancy - Recording of Transactions - II

Question

Prepare Sales book of M/s Kapoor & Sons for the month of April
2011 and post to ledger:
April 3 Sold to M/s Verma on credit:
30 shirts @ 150 each
20 trousers @ 300 each
T D 10%
April 10 Sold old furniture to M/s Sehgal on credit 800
April 20 Sold 50 shirts on credit to M/s Jain @ 150 each
April 23 Sold on credit to M/s Mathur:
100 shirts @ 175 each
10 overcoats @ 500 each
T D 10%

Jayati Jawa · Accepted Answer

Hi Karan

The solution to your query is provided below:

M/s Kapoor &
Sons
Sales
Book

Date
Particulars
L F
Details
(Rs)
Amount
(Rs)

2011

Apr 03
M/s Verma

30 shirts @ Rs 150
each

4,500

20 trousers @ Rs 300
each

6,000

10,500

Less:
Trade Discount @ 10%

1,050
9,450

Apr 20
M/s Jain

50 shirts @ 150
each

7,500
7,500

Apr 23
M/s Mathur

100 shirts @ Rs
175

17,500

10 overcoats @ Rs 500
each

5,000

22,500

Less:
Trade Discount @ 10%

2,250
20,250

37,200

Note: Transaction dated April 10
will not be recorded in Sales Book as it shows sale of a fixed
asset on credit while sales book records sale of goods on credit
only

M/s Kapoor & Sons Sales Book
Date	Particulars	L.F.	Details (Rs)	Amount (Rs)
2011
Apr. 03	M/s Verma
	30 shirts @ Rs 150 each		4,500
	20 trousers @ Rs 300 each		6,000
			10,500
	Less: Trade Discount @ 10%		1,050	9,450

Apr. 20	M/s Jain
	50 shirts @ 150 each		7,500	7,500

Apr. 23	M/s Mathur
	100 shirts @ Rs 175		17,500
	10 overcoats @ Rs 500 each		5,000
			22,500
	Less: Trade Discount @ 10%		2,250	20,250

				37,200