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Enter the following transactions in Sales Book of M/s. Pranat Engineers Ltd., Delhi and post into the ledger the entries of Sales Book. 2019 Jan. 2. Sold to M/s. Ajanta Electricals, Delhi 5 pieces of Ovens @ `6,000/- e?
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Enter the following transactions in Sales Book of M/s. Pranat Engineer...
Introduction:
In this question, we are given the transactions of M/s. Pranat Engineers Ltd. for the month of January. We have to record these transactions in the Sales Book and post them into the ledger. Let's start with the first transaction.
Transaction 1:
On January 2, M/s. Pranat Engineers Ltd. sold 5 pieces of Ovens to M/s. Ajanta Electricals, Delhi at a rate of `6,000/- per piece.
Recording in Sales Book:
We will record the above transaction in the Sales Book as follows:
Date | Particulars | Invoice No. | Quantity | Rate | Amount
---- | ---------- | ---------- | -------- | ---- | ------
2-Jan | M/s. Ajanta Electricals, Delhi | 001 | 5 | `6,000/- | `30,000/-
Posting into Ledger:
We will post the above entry into the ledger as follows:
Date | Particulars | L.F. | Debit | Credit
---- | ---------- | --- | ----- | ------
2-Jan | M/s. Ajanta Electricals, Delhi | 001 | - | `30,000/-
2-Jan | Sales A/c | | `30,000/- | -
Conclusion:
In this way, we have recorded the first transaction in the Sales Book and posted it into the ledger of M/s. Pranat Engineers Ltd. We will follow the same process for recording and posting all the other transactions in the Sales Book.
In this question, we are given the transactions of M/s. Pranat Engineers Ltd. for the month of January. We have to record these transactions in the Sales Book and post them into the ledger. Let's start with the first transaction.
Transaction 1:
On January 2, M/s. Pranat Engineers Ltd. sold 5 pieces of Ovens to M/s. Ajanta Electricals, Delhi at a rate of `6,000/- per piece.
Recording in Sales Book:
We will record the above transaction in the Sales Book as follows:
Date | Particulars | Invoice No. | Quantity | Rate | Amount
---- | ---------- | ---------- | -------- | ---- | ------
2-Jan | M/s. Ajanta Electricals, Delhi | 001 | 5 | `6,000/- | `30,000/-
Posting into Ledger:
We will post the above entry into the ledger as follows:
Date | Particulars | L.F. | Debit | Credit
---- | ---------- | --- | ----- | ------
2-Jan | M/s. Ajanta Electricals, Delhi | 001 | - | `30,000/-
2-Jan | Sales A/c | | `30,000/- | -
Conclusion:
In this way, we have recorded the first transaction in the Sales Book and posted it into the ledger of M/s. Pranat Engineers Ltd. We will follow the same process for recording and posting all the other transactions in the Sales Book.
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Enter the following transactions in Sales Book of M/s. Pranat Engineers Ltd., Delhi and post into the ledger the entries of Sales Book. 2019 Jan. 2. Sold to M/s. Ajanta Electricals, Delhi 5 pieces of Ovens @ `6,000/- e?
Question Description
Enter the following transactions in Sales Book of M/s. Pranat Engineers Ltd., Delhi and post into the ledger the entries of Sales Book. 2019 Jan. 2. Sold to M/s. Ajanta Electricals, Delhi 5 pieces of Ovens @ `6,000/- e? 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 Book of M/s. Pranat Engineers Ltd., Delhi and post into the ledger the entries of Sales Book. 2019 Jan. 2. Sold to M/s. Ajanta Electricals, Delhi 5 pieces of Ovens @ `6,000/- e? 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 Book of M/s. Pranat Engineers Ltd., Delhi and post into the ledger the entries of Sales Book. 2019 Jan. 2. Sold to M/s. Ajanta Electricals, Delhi 5 pieces of Ovens @ `6,000/- e?.
Enter the following transactions in Sales Book of M/s. Pranat Engineers Ltd., Delhi and post into the ledger the entries of Sales Book. 2019 Jan. 2. Sold to M/s. Ajanta Electricals, Delhi 5 pieces of Ovens @ `6,000/- e? 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 Book of M/s. Pranat Engineers Ltd., Delhi and post into the ledger the entries of Sales Book. 2019 Jan. 2. Sold to M/s. Ajanta Electricals, Delhi 5 pieces of Ovens @ `6,000/- e? 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 Book of M/s. Pranat Engineers Ltd., Delhi and post into the ledger the entries of Sales Book. 2019 Jan. 2. Sold to M/s. Ajanta Electricals, Delhi 5 pieces of Ovens @ `6,000/- e?.
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