Question

Nitin Stores deals in clothes. From the following transactions, prepare Columnar Sales Book in the books of Nitin Stores. Nitin Stores deals in three types of clothes namely Cotton, Khadi and Silk.

2015
May 1 Sold to Janki Stores 100 metres cotton cloth at ₹ 40 per metre, 200 metres khadi
at ₹ 20 per metre and 50 metres silk at ₹ 200 per metre with 10 % trade discount.
Bill no, 125. Credit period 3 months.
8 Sold to Gopi Traders 200 metres cotton cloth at ₹ 60 per metre and 80 metres silk
at ₹ 190 per metre at 10 % trade discount. Goods sold on 2 months credit. Bill no.
126 sent. Gopi Traders paid half of the amount immediately in cash.
15 Sold to Misarg Trading Co. 100 metres khadi and 50 metres silk at ₹ 40 and ₹ 200 per metre respectively. Nssarg Trading Co. paid amount immediately by cheque at 10 % trade discount and 10 % cash discount. BUI no. 127.
20 Preeti Stores place an order for the supply of 40 metres khadi, 60 metres cotton cloth and 100 metres silk cloth.
22 Supplied goods to Preeti Stores as per her order under bill no. 128 at ₹ 30 per metre, ₹ 50 per metre and ₹ 220 per metre respectively at 10 % trade discount
allowed.
26 Sold to Desai & Company cotton cloth of ₹ 15,000 at 10 % trade discount under bill no. 129.
30 Sold to DCM Stores khadi goods of ₹ 20,000 at 5 % trade discount. Sent bill no. 130 after adding 13% GST.

Answer 1

Note :

(1) Date 30 output COST of ₹ 1,710 and output SGST of ₹ 1,710 will be recorded in Journal Proper.
(2) The following transactions will not be recorded in Sales Book :
(i) Date 15 Transaction of cash sales.
(ii) Date 20 Non-economic transaction.
(3) Transaction of Date 8 is recorded considering the whole transaction, a credit transaction.