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)Enter the following transactions in sales books of M/S Pranat engineer’s ltd, Delhi.2020 Jan 2 Sold to M/s Ajanta Electricals,Delhi5 pieces of oven@ rs6000/- each less trade discount@10% Jan 8 Sold M/s Ajanta Electricals Plaza,10 pieces of tables @ rs 8000/- each less trade discount 5% Jan 15 Sold to M/s Haryana Traders,5 pieces of juicers @ rs 3500/- each less trade discount @10%?
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)Enter the following transactions in sales books of M/S Pranat enginee...
Sales Transactions of M/S Pranat Engineer’s Ltd, Delhi
Transaction 1: Sold to M/s Ajanta Electricals, Delhi
Date: 2020 Jan 2
Items Sold: 5 pieces of oven
Price: Rs 6000/- each
Trade Discount: 10%
Calculation:
- Total Selling Price = 5 x Rs 6000 = Rs 30,000
- Trade Discount = 10% of Total Selling Price = Rs 3000
- Amount to be Paid by M/s Ajanta Electricals = Total Selling Price - Trade Discount = Rs 27,000
Transaction 2: Sold to M/s Ajanta Electricals Plaza
Date: 2020 Jan 8
Items Sold: 10 pieces of tables
Price: Rs 8000/- each
Trade Discount: 5%
Calculation:
- Total Selling Price = 10 x Rs 8000 = Rs 80,000
- Trade Discount = 5% of Total Selling Price = Rs 4000
- Amount to be Paid by M/s Ajanta Electricals Plaza = Total Selling Price - Trade Discount = Rs 76,000
Transaction 3: Sold to M/s Haryana Traders
Date: 2020 Jan 15
Items Sold: 5 pieces of juicers
Price: Rs 3500/- each
Trade Discount: 10%
Calculation:
- Total Selling Price = 5 x Rs 3500 = Rs 17,500
- Trade Discount = 10% of Total Selling Price = Rs 1750
- Amount to be Paid by M/s Haryana Traders = Total Selling Price - Trade Discount = Rs 15,750
Explanation:
Sales books are used to record all sales made by a business. In this case, M/S Pranat Engineer’s Ltd, Delhi sold various items to different customers and recorded the details in their sales books. The transactions were recorded as follows:
- Transaction 1: M/S Pranat Engineer’s Ltd sold 5 pieces of oven to M/s Ajanta Electricals, Delhi, at a price of Rs 6000/- each, with a trade discount of 10%. The total amount to be paid by M/s Ajanta Electricals was Rs 27,000.
- Transaction 2: M/S Pranat Engineer’s Ltd sold 10 pieces of tables to M/s Ajanta Electricals Plaza, at a price of Rs 8000/- each, with a trade discount of 5%. The total amount to be paid by M/s Ajanta Electricals Plaza was Rs 76,000.
- Transaction 3: M/S Pranat Engineer’s Ltd sold 5 pieces of juicers to M/s Haryana Traders, at a price of Rs 3500/- each, with a trade discount of 10%. The total amount to be paid by M/s Haryana Traders was Rs 15,750.
In all three transactions, the trade discount was given to customers as a percentage of the total selling price. The final amount to be paid by the customers was calculated by deducting the trade discount from the total selling price.
Transaction 1: Sold to M/s Ajanta Electricals, Delhi
Date: 2020 Jan 2
Items Sold: 5 pieces of oven
Price: Rs 6000/- each
Trade Discount: 10%
Calculation:
- Total Selling Price = 5 x Rs 6000 = Rs 30,000
- Trade Discount = 10% of Total Selling Price = Rs 3000
- Amount to be Paid by M/s Ajanta Electricals = Total Selling Price - Trade Discount = Rs 27,000
Transaction 2: Sold to M/s Ajanta Electricals Plaza
Date: 2020 Jan 8
Items Sold: 10 pieces of tables
Price: Rs 8000/- each
Trade Discount: 5%
Calculation:
- Total Selling Price = 10 x Rs 8000 = Rs 80,000
- Trade Discount = 5% of Total Selling Price = Rs 4000
- Amount to be Paid by M/s Ajanta Electricals Plaza = Total Selling Price - Trade Discount = Rs 76,000
Transaction 3: Sold to M/s Haryana Traders
Date: 2020 Jan 15
Items Sold: 5 pieces of juicers
Price: Rs 3500/- each
Trade Discount: 10%
Calculation:
- Total Selling Price = 5 x Rs 3500 = Rs 17,500
- Trade Discount = 10% of Total Selling Price = Rs 1750
- Amount to be Paid by M/s Haryana Traders = Total Selling Price - Trade Discount = Rs 15,750
Explanation:
Sales books are used to record all sales made by a business. In this case, M/S Pranat Engineer’s Ltd, Delhi sold various items to different customers and recorded the details in their sales books. The transactions were recorded as follows:
- Transaction 1: M/S Pranat Engineer’s Ltd sold 5 pieces of oven to M/s Ajanta Electricals, Delhi, at a price of Rs 6000/- each, with a trade discount of 10%. The total amount to be paid by M/s Ajanta Electricals was Rs 27,000.
- Transaction 2: M/S Pranat Engineer’s Ltd sold 10 pieces of tables to M/s Ajanta Electricals Plaza, at a price of Rs 8000/- each, with a trade discount of 5%. The total amount to be paid by M/s Ajanta Electricals Plaza was Rs 76,000.
- Transaction 3: M/S Pranat Engineer’s Ltd sold 5 pieces of juicers to M/s Haryana Traders, at a price of Rs 3500/- each, with a trade discount of 10%. The total amount to be paid by M/s Haryana Traders was Rs 15,750.
In all three transactions, the trade discount was given to customers as a percentage of the total selling price. The final amount to be paid by the customers was calculated by deducting the trade discount from the total selling price.
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)Enter the following transactions in sales books of M/S Pranat engineer’s ltd, Delhi.2020 Jan 2 Sold to M/s Ajanta Electricals,Delhi5 pieces of oven@ rs6000/- each less trade discount@10% Jan 8 Sold M/s Ajanta Electricals Plaza,10 pieces of tables @ rs 8000/- each less trade discount 5% Jan 15 Sold to M/s Haryana Traders,5 pieces of juicers @ rs 3500/- each less trade discount @10%?
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)Enter the following transactions in sales books of M/S Pranat engineer’s ltd, Delhi.2020 Jan 2 Sold to M/s Ajanta Electricals,Delhi5 pieces of oven@ rs6000/- each less trade discount@10% Jan 8 Sold M/s Ajanta Electricals Plaza,10 pieces of tables @ rs 8000/- each less trade discount 5% Jan 15 Sold to M/s Haryana Traders,5 pieces of juicers @ rs 3500/- each less trade discount @10%? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about )Enter the following transactions in sales books of M/S Pranat engineer’s ltd, Delhi.2020 Jan 2 Sold to M/s Ajanta Electricals,Delhi5 pieces of oven@ rs6000/- each less trade discount@10% Jan 8 Sold M/s Ajanta Electricals Plaza,10 pieces of tables @ rs 8000/- each less trade discount 5% Jan 15 Sold to M/s Haryana Traders,5 pieces of juicers @ rs 3500/- each less trade discount @10%? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for )Enter the following transactions in sales books of M/S Pranat engineer’s ltd, Delhi.2020 Jan 2 Sold to M/s Ajanta Electricals,Delhi5 pieces of oven@ rs6000/- each less trade discount@10% Jan 8 Sold M/s Ajanta Electricals Plaza,10 pieces of tables @ rs 8000/- each less trade discount 5% Jan 15 Sold to M/s Haryana Traders,5 pieces of juicers @ rs 3500/- each less trade discount @10%?.
)Enter the following transactions in sales books of M/S Pranat engineer’s ltd, Delhi.2020 Jan 2 Sold to M/s Ajanta Electricals,Delhi5 pieces of oven@ rs6000/- each less trade discount@10% Jan 8 Sold M/s Ajanta Electricals Plaza,10 pieces of tables @ rs 8000/- each less trade discount 5% Jan 15 Sold to M/s Haryana Traders,5 pieces of juicers @ rs 3500/- each less trade discount @10%? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about )Enter the following transactions in sales books of M/S Pranat engineer’s ltd, Delhi.2020 Jan 2 Sold to M/s Ajanta Electricals,Delhi5 pieces of oven@ rs6000/- each less trade discount@10% Jan 8 Sold M/s Ajanta Electricals Plaza,10 pieces of tables @ rs 8000/- each less trade discount 5% Jan 15 Sold to M/s Haryana Traders,5 pieces of juicers @ rs 3500/- each less trade discount @10%? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for )Enter the following transactions in sales books of M/S Pranat engineer’s ltd, Delhi.2020 Jan 2 Sold to M/s Ajanta Electricals,Delhi5 pieces of oven@ rs6000/- each less trade discount@10% Jan 8 Sold M/s Ajanta Electricals Plaza,10 pieces of tables @ rs 8000/- each less trade discount 5% Jan 15 Sold to M/s Haryana Traders,5 pieces of juicers @ rs 3500/- each less trade discount @10%?.
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