SUBSIDIARY BOOK

Sale of of machinery by Suresh a dealer in stationary to sumit for rupees 120000 is recorded in

• Cash book

• Sales book

• Purchase book

• Journal proper

Total of purchase book is posted to the (a)   Side of purchase account

Credit note for rupees 1000 issued to Suresh for goods returned by him is accounted in

• Sales book

• Purchase book

• Sales return

• Purchase return

Param return goods to Dev. It will be recorded in

• Purchase book

• Cash book

• Purchase return book

• None of the above

Contra entries recorded in (a)   Book

. Transactions which cannot be recorded in other subsidiary books are recorded in (a)   .

R.K. Company sold 60 units of goods @100 each less trade discount10% allowed. This transaction is to be recorded in (a)   book.

. Sold goods to M/S Mukti, Delhi. 10 kgs tea packets @Rs. 600 per kg less trade discount @10%. 5% IGST is to be charged. Freight anf packing charge is to be charged separately @ Rs.1,500. Amount to be posted in Sales Journal Rs. (a)   .

A wholesaler sold 60 units of a good @ Rs.100 each less trade discount @10%. (a)   amount should be recorded in the sales book.

The total of sale return book is posted to profit and loss account.

• True

• False