Page 86 - DCOM101_FINANCIAL_ACCOUNTING_I
P. 86
Financial Accounting-I
Notes 20 Sold to Mohan & Co.
5 Almirah@ ` 2,200
10 Tables@ ` 850
23 Sold on credit to Narayanan old computer for ` 5,000
28 Sold to Kumaran for cash
15 Chairs@ ` 250
Solution:
In the books of Ram
Sales Book
Date Particulars Outward Invoice No. L.F. Detail Total
` `
2003 S.S. Traders & Co.
July 5 10 Chairs @ ` 250 2,500
10 Tables @ ` 850 8,500
Less : 10% Discount Sold to S.S. 11,000
Traders, Invoice No....... dated 1,100 9,900
July 20 Mohan & Co.
5 Almirah @ ` 2,200 11,000
10 Tables @ ` 850 8,500
Sales as per Invoice No...... dated 19,500
Total 29,400
Ledger Accounts
Sales Account
Dr. Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
` `
2003 By Sundries as per
July 31 sales book 29,400
S.S. Trader’s Account
Dr. Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
` `
2003 To Sales A/c 9,900
July 5
Mohan & Co.’s Account
Dr. Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
` `
2003 To Sales A/c 19,500
July 20
Note: July 8th and 28th transactions are cash transactions and July 23rd transaction is sale of an
asset, so all these transactions will not be recorded in the sales book.
80 LOVELY PROFESSIONAL UNIVERSITY
