Page 46 - NOTES- CASH BOOK

Recording of Transactions - II 139

Sales Book (Analytical)
Date Invoice Name of Customer L.F. Detail Total Sales CGST SGST IGST
( Rs.)
2017 3620 M/s Rahul Bros., Delhi
Aug. 25 Shirt @ Rs. 300 Per Shirts 7,500
07 20 Pants @ Rs. 700 Per Pant 14,000
21,500
Less : Trade Discount @ 8% 1,720
19,780
Add : IGST @ 5% 989 10,626 10,120 253 253 ——
Aug. 3621 M/s Kishan Traders, Jaipur
18 10 Jackets @ Rs. 900 Per 9,000
5 Plain Shirt @ Rs. 700 Per Pant 2,000
11,000
Less : Trade Discount @ 8% 880
10,120
Add : CGST @ 2.5% 253 20,769 19,780 —— —— 987
CGST @ 2.5% 253
Aug. 31 Total 31,395 29,900 253 253 989

Sales Return Book
Date Credit Name of Supplier L.F. Detail Total Sales CGST SGST IGST
Note No. (Rs.) Return
2017 612 M/s Rahul Bros., Delhi
Aug. 05 Shirt @ Rs. 300 each 1,500
10
Less : Trade Discount @ 8% 120
1,380
Add : CGST @ 9% 69 1,449 1,380 —— —— 69
Aug. 31 Total 1,449 1,380 —— —— 69

4.6 Journal Proper
A book maintained to record transactions, which do not find place in special
journals, is known as Journal Proper or Journal Residual.
Following transactions are recorded in this journal:
1. Opening Entry: In order to open new set of books in the beginning of new
accounting year and record therein opening balances of assets, liabilities
and capital, the opening entry is made in the journal.
2. Adjustment Entries: In order to update ledger account on accrual basis,
such entries are made at the end of the accounting period. Such as Rent
outstanding, Prepaid insurance, Depreciation and Commission received
in advance.

2018-19