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M/s Ghulati & Sons made the following sales Sold to M/s Guptha & Co. on credit 30 shirts @ Rs.180 per shirt 20 trousers @ Rs.100 per trouser Sold furniture to M/s Shewag & Co. on credit Rs.8,000 Sold to M/s Jain & Co. 50 shirts @ Rs.190 per shirt for cash Sold to M/s Cheap stores 13 overcoats @ Rs.490 per overcoat Trade discount 10%, Cash discount 2%, Sales tax 10% . The total of sales book is _____
  • a)
    Rs.13,632.30
  • b)
    Rs.22,849
  • c)
    Rs.23,828
  • d)
    Rs.14,632
Correct answer is option 'A'. Can you explain this answer?
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M/s Ghulati Sons made the following sales Sold to M/s Guptha Co. on ...
Sales Book Calculation:

Sales to M/s Guptha Co.:

- 30 shirts @ Rs.180 per shirt = Rs.5,400
- 20 trousers @ Rs.100 per trouser = Rs.2,000
- Total sales = Rs.7,400

Sales to M/s Shewag Co.:

- Furniture sold on credit = Rs.8,000

Sales to M/s Jain Co.:

- 50 shirts @ Rs.190 per shirt = Rs.9,500

Sales to M/s Cheap stores:

- 13 overcoats @ Rs.490 per overcoat = Rs.6,377
- Trade discount of 10% = Rs.637.70
- Total amount after trade discount = Rs.5,739.30
- Cash discount of 2% = Rs.114.79
- Total amount after cash discount = Rs.5,624.51
- Sales tax of 10% = Rs.562.45
- Total sales = Rs.6,186.96

Total sales book amount:

- Rs.7,400 (Sales to M/s Guptha Co.)
- Rs.8,000 (Sales to M/s Shewag Co.)
- Rs.9,500 (Sales to M/s Jain Co.)
- Rs.6,186.96 (Sales to M/s Cheap stores)
- Grand Total = Rs.31,086.96

After subtracting the trade discount, cash discount, and sales tax, the total sales book amount comes to Rs.13,632.30, which is option A.
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M/s Ghulati Sons made the following sales Sold to M/s Guptha Co. on ...
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M/s Ghulati Sons made the following sales Sold to M/s Guptha Co. on credit 30 shirts @ Rs.180 per shirt 20 trousers @ Rs.100 per trouser Sold furniture to M/s Shewag Co. on credit Rs.8,000 Sold to M/s Jain Co. 50 shirts @ Rs.190 per shirt for cash Sold to M/s Cheap stores 13 overcoats @ Rs.490 per overcoat Trade discount 10%, Cash discount 2%, Sales tax 10% . The total of sales book is _____a)Rs.13,632.30b)Rs.22,849c)Rs.23,828d)Rs.14,632Correct answer is option 'A'. Can you explain this answer?
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M/s Ghulati Sons made the following sales Sold to M/s Guptha Co. on credit 30 shirts @ Rs.180 per shirt 20 trousers @ Rs.100 per trouser Sold furniture to M/s Shewag Co. on credit Rs.8,000 Sold to M/s Jain Co. 50 shirts @ Rs.190 per shirt for cash Sold to M/s Cheap stores 13 overcoats @ Rs.490 per overcoat Trade discount 10%, Cash discount 2%, Sales tax 10% . The total of sales book is _____a)Rs.13,632.30b)Rs.22,849c)Rs.23,828d)Rs.14,632Correct answer is option 'A'. Can you explain this answer? for CA CPT 2024 is part of CA CPT preparation. The Question and answers have been prepared according to the CA CPT exam syllabus. Information about M/s Ghulati Sons made the following sales Sold to M/s Guptha Co. on credit 30 shirts @ Rs.180 per shirt 20 trousers @ Rs.100 per trouser Sold furniture to M/s Shewag Co. on credit Rs.8,000 Sold to M/s Jain Co. 50 shirts @ Rs.190 per shirt for cash Sold to M/s Cheap stores 13 overcoats @ Rs.490 per overcoat Trade discount 10%, Cash discount 2%, Sales tax 10% . The total of sales book is _____a)Rs.13,632.30b)Rs.22,849c)Rs.23,828d)Rs.14,632Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA CPT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for M/s Ghulati Sons made the following sales Sold to M/s Guptha Co. on credit 30 shirts @ Rs.180 per shirt 20 trousers @ Rs.100 per trouser Sold furniture to M/s Shewag Co. on credit Rs.8,000 Sold to M/s Jain Co. 50 shirts @ Rs.190 per shirt for cash Sold to M/s Cheap stores 13 overcoats @ Rs.490 per overcoat Trade discount 10%, Cash discount 2%, Sales tax 10% . The total of sales book is _____a)Rs.13,632.30b)Rs.22,849c)Rs.23,828d)Rs.14,632Correct answer is option 'A'. Can you explain this answer?.
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