Prepare Sales Book of M/s. Alpha of Kanpur for March, 2024 | Date | Particulars (Customer & Item) | Quantity | Rate (per piece) | Trade Discount | ...

Question

Prepare Sales Book of M/s. Alpha of Kanpur for March, 2024 | Date | Particulars (Customer & Item) | Quantity | Rate (per piece) | Trade Discount | | :--- | :----------------------------- | :------- | :---------------- | :------------- | | Mar. 5 | Sold to M/s. ABC - Chairs | 10 pieces | @ Rs. 5,000/- each | 5% | | Mar. 12 | Sold to M/s. PQR - Tables | 25 pieces | @ Rs. 2,000/- each | 10% | | Mar. 18 | Sold to M/s. MTB - Recliner Chairs (Payment received through cash) | 5 pieces | @ Rs. 11,000/- each | 10% | | Mar. 28 | Sold to M/s. LMS - Cupboards | 50 pieces | @ Rs. 10,000/- each | 20% | [RTP Jan. 2025]

Accepted Answer

Option : Correct Option. Solution: (a) Sales book of M/s. Alpha for March, 24 | Date | Particulars | Gross Amount | Trade Discount | Net Amount | | :--- | :---------- | :----------- | :------------- | :--------- | | 5 | M/s. ABC 10 pieces of Chairs @ Rs. 5,000/- each less Trade Discount 5% | 50,000 | 2,500 | 47,500 | | 12 | M/s. PQR 25 pieces of Tables @ Rs. 2,000/- each less Trade Discount 10% | 50,000 | 5,000 | 45,000 | | 28 | M/s. LMS 50 pieces of cupboards @ Rs. 10,000/- each less Trade Discount 20%. | 5,00,000 | 1,00,000 | 4,00,000 | | Total | | 6,00,000 | 1,07,500 | 4,92,500 |
Note: Transaction dated: 18 March will not be recorded in sales book being cash transaction.

Options

Correct Answer

All Options:

Detailed Solution & Explanation

More Questions from Accounting Process

Ready to Master Accounting Process?