NOTES

Post into the ledger the entries of Sales Book prepared in Question1

Notes of Accounting Process - Subsidiary Books (Old & New)

1. Enter the following transactions in Sales Book of M/s. Pranat Engineers Ltd., Delhi. 2016

   Jan. 2. Sold to M/s. Ajanta Electricals, Delhi 5 pieces of Ovens @ Rs.6,000/- each less Trade discount@ 10%

          8. Sold to M/s. Ajanta Electricals Plaza, 10 pieces of Tablets @ Rs.8,000/-each less trade discount 5%

        15. Sold to M/s. Haryana Traders, 5 pieces of Juicers @ Rs.3500/- each less trade discount @10%

   
   see in detail
   
   
2. Post into the ledger the entries of Sales Book prepared in Question1
   see in detail
   
   

3. Record the following transactions in a Simple Cash Book of Rupam Traders for the month January 2011
   

   2011             

        1.   Cash in hand Rs. 20,000

   3. Received cash on account from Govind Rs. 4,000.

        6.  Purchased machinery Rs. 6,000

        9.  Insurance Premium paid Rs. 1,500

   12. Sold goods for cash Rs. 8,000
   
   13.  Received commission Rs. 1,800
   15. Purchased postal stamps Rs. 250

        18 . Purchased goods for cash from Mehta Bros Rs. 1,750.

        23.  Cash paid to Rampal Rs. 2,500 on account.

   26.  Paid rent Rs. 3,300.

        28.  Sold old furniture Rs. 5,000

        29.  Deposited into bank Rs. 2,200.

   Paid salary to office staff Rs. 4,700
   see in detail
   
   

4. Record the following transactions in a Simple Cash Book of Mr. Mohit for the month

   March 2011

   2011 Mar.1  Started business with cash Rs. 55,000.

   4. Opened a current account with bank and deposited Rs. 20,000

   7. Purchased goods for cash Rs. 15,000.

   9. Paid electricity bill Rs. 1,000

   11. Invested in Government  Bonds Rs. 3,000.

   17. Sold goods for cash Rs. 7,000.

   20. Paid life insurance premium of Mr. Mohit Rs. 2,400.

   22. Purchased goods for cash Rs. 5,000 @ 10% trade discount

   23. Received dividend Rs. 4,000.

   26. Paid for transport Rs. 760.
   

   28. Received an account from Rahul Rs. 3,240.

   31. Deposited into bank cash in excess of Rs. 4,000.

   
   see in detail
   
   

5. Record the following  transactions of Mr. Tejas in Cash Book with cash and bank columns for the month October 2011.

   2011 Oct.

        1. Cash balance Rs. 25,000 Bank Balance Rs. 18,000.

        3.  Paid for printing and stationery Rs. 7,400

        8. Cash sales Rs. 23,000.

        9. Cash purchases Rs. 26,000.

        10.  Deposited cash into bank Rs. 5,000.

        12.  Withdrew from bank for personal use Rs. 3,500.

        12.  Received bearer cheque from Suraj in full and final settlement Rs. 9,900 and deposited the same into bank.

        17.  Withdrew from bank for office use Rs. 8,000

        18.  Received cash from Abhijit on account Rs. 7,850.

        19.  Received bearer cheque from Abhay Rs. 5,400

        22.  Paid legal charges Rs. 2,600 by cheque.

        23.  Paid for cartage Rs. 600.

   26.  Cheque received from Abhay deposited into bank for collection.

        28.  Paid telephone bill Rs. 4,000.

   
   see in detail