Enter the following transactions in sales (journal) book of M/s.Bansal electronics: 2014 September 01 Sold to Amit Traders as per bill no.4321: 20 Pocket Radio @ 70 per Radio, 2, T.V. set, B&W.(6") @ 800 Per T.V. 10 Sold to Arun Electronics as per bill no.4351: 5 T.V. sets (20") B&W @ ₹3,000 per T.V., 2 T.V. sets (21") Colour @ ₹4,800 per T.V. 22 Sold to Handa Electronics as per bill no.4,399: 10 Tape recorders @ ₹600 each, 5 Walkman @ ₹300 each 28 Sold to Harish Trader as per bill no.4430: 10 Mixer Juicer Grinder @ ₹800 each.
SALES BOOK of M/s. Bansal Electronics
| Date | Invoice No. | Name of Customer (Details) | L.F. | Amount (₹) |
|---|---|---|---|---|
| 2014 | ||||
| Sept 01 | 4321 | Amit Traders | ||
| 20 Pocket Radio @ ₹70 per Radio | ||||
| 2 T.V. set, B&W (6") @ ₹800 Per T.V. | 3,000 | |||
| Sept 10 | 4351 | Arun Electronics | ||
| 5 T.V. sets (20") B&W @ ₹3,000 per T.V. | ||||
| 2 T.V. sets (21") Colour @ ₹4,800 per T.V. | 24,600 | |||
| Sept 22 | 4,399 | Handa Electronics | ||
| 10 Tape recorders @ ₹600 each | ||||
| 5 Walkman @ ₹300 each | 7,500 | |||
| Sept 28 | 4430 | Harish Trader | ||
| 10 Mixer Juicer Grinder @ ₹800 each | 8,000 | |||
| Total | 43,100 |
Explanation
The Sales Book is a subsidiary book used to record all credit sales of goods. Each transaction is calculated by multiplying the quantity by the rate per unit. Unlike the Purchase Book context provided, these transactions do not mention any trade discounts, so the totals are calculated at the gross value. The 'L.F.' (Ledger Folio) column is left blank in the question as it is used for posting reference during the ledger entry process.
Solution Steps
Step 1: Calculate total for Sept 01: (20 Radios × 70) + (2 TVs × 800) = 1,400 + 1,600 = ₹3,000.
Step 2: Calculate total for Sept 10: (5 TVs × 3,000) + (2 TVs × 4,800) = 15,000 + 9,600 = ₹24,600.
Step 3: Calculate total for Sept 22: (10 Tape Recorders × 600) + (5 Walkman × 300) = 6,000 + 1,500 = ₹7,500.
Step 4: Calculate total for Sept 28: (10 Mixer Juicer Grinders × 800) = ₹8,000.
Step 5: Sum the invoice totals to find the Sales Book Total: 3,000 + 24,600 + 7,500 + 8,000 = ₹43,100.