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Prepare a proper sales book of aryan enterprises from the following transactions for the month of feb 2017 (gst 5%) Goods sold to sachin 5000 SOLD GOODS TO MANIDH TRADERS 2100 Sold to mukesh 3300 Sold to shri chand goods less 5% trade discount : 5700?
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Prepare a proper sales book of aryan enterprises from the following tr...
Sales Book of Aryan Enterprises for February 2017 (GST 5%)
Goods Sold to Sachin
- Amount: Rs. 5000
- GST: 5%
- Total Amount: Rs. 5250
Goods Sold to Manidh Traders
- Amount: Rs. 2100
- GST: 5%
- Total Amount: Rs. 2205
Goods Sold to Mukesh
- Amount: Rs. 3300
- GST: 5%
- Total Amount: Rs. 3465
Goods Sold to Shri Chand
- Amount: Rs. 5700
- Trade Discount: 5%
- Discounted Amount: Rs. 5415
- GST: 5%
- Total Amount: Rs. 5685.75
Total Sales for February 2017: Rs. 16605.75
Explanation:
A sales book is a record of all sales made by a business during a particular period. In this case, we are preparing a sales book for Aryan Enterprises for the month of February 2017.
The sales book includes all the transactions made by the business during the month, along with the amount of the sale, the applicable GST rate, and the total amount including GST. It is important to record all sales accurately and in a timely manner to ensure that the business can keep track of its revenue and comply with any tax regulations.
In this case, Aryan Enterprises sold goods to four different customers during February 2017. The total sales for the month amounted to Rs. 16605.75, which includes the GST of 5% on all transactions. It is important to note that the sale to Shri Chand included a trade discount of 5%, which was deducted from the original amount before calculating the GST.
By maintaining a sales book, Aryan Enterprises can keep track of its revenue and ensure that it is complying with all tax regulations. This information can also be used to analyze sales trends and make informed business decisions.
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Prepare a proper sales book of aryan enterprises from the following transactions for the month of feb 2017 (gst 5%) Goods sold to sachin 5000 SOLD GOODS TO MANIDH TRADERS 2100 Sold to mukesh 3300 Sold to shri chand goods less 5% trade discount : 5700?
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