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CBSE Class 11-commerce Answered

Record the following transactions in the sales and sales return books of Modern Book Depot for the month of August 2016 and Post them into ledger. 1 Sold 200 copies of Book Keeping and Accounting book @ Rs.550 per copy less 20% trade discount to Sheth Publishers. 6 Sold 300 copies of Navneet Book Keeping Digest @ Rs.425 per copy less 20% trade discount to Amar Book House. 7 Sold 50 copies of Navneet Book Keeping Digest @ Rs.425 per copy less 10% trade discount to Parle Book Depot. 14 80 copies of Book Keeping and Accounting book which was purchased on 1st Aug, 2016 was returned by Sheth Publishers. 19 45 Copies of French Digest was returned by Mulund Book House which was purchased by cash @ Rs.600 per copy. 23 120 copies of Navneet Book Keeping Digest were returned by Amar Book House which they purchased on 6th Aug, 2016. 25 450 copies of French Digest was purchased by Navneet Prakashan @ Rs.600 per copy and allowed 10% trade discount. 28 Sold furniture @ Rs.800 as it became obsolete.    
Asked by Topperlearning User | 12 Jul, 2016, 08:47: AM
answered-by-expert Expert Answer

In the Books of Modern Book Depot

Sales Book

 

Date

Particulars

L.F.

Details

Rs. 

Amount

Rs. 

2016

 

 

 

 

Aug 1

Sheth Publishers

 

 

 

 

200 copies of Book Keeping and Accounting book Sold (200*550)

 

1,10,000

 

 

Less: Trade Discount @20%

 

22,000

88,000

Aug 6

Amar Book House.

 

 

 

 

300 copies of Navneet Book Keeping Digest sold (300*425)

 

1,27,500

 

 

Less: Trade Discount 20%

 

25,500

1,02,000

Aug 7

Parle Book Depot

 

 

 

 

50 copies of Nanveet Book Keeping Digest sold ( 50*425)

 

21,250

 

 

Less: Trade Discount @10%

 

2,125

19,125

Aug 25

Navneet Prakashan 

 

 

 

 

450 copies of French Digest sold (450*630)

 

2,70,000

 

 

Less: Trade Discount @10%

 

27,000

2,43,000

Aug 31

Sales A/c  Cr. 

 

 

4,52,125

 

Sales Return Book

Date

Particulars

Credit Note No.

L.F.

Details

Rs. 

Amount

Rs. 

2016

 

 

 

 

 

Aug 14

Sheth Publishers

 

 

 

 

 

80 copies of Book Keeping and Accounting book Returned (80*550)

 

 

44,000

 

 

Less: Trade Discount @ 20%

 

 

8,800

35,200

Aug 23

Amar Book House 

 

 

 

 

 

120 copies of Navneet Book Keeping Digest Returned (120*425)

 Answered by | 12 Jul, 2016, 10:47: AM
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