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Books of Original Entry

Activity no 1 :
Following credit sale transaction took place in Soro business which engages in
buying and selling of household items for the month of March 2022.
2nd March Plastic dust bin ( L) £ 12,000. Credit customer AB brothers.invoice
no 102
14th March Bag holders £ 5,500. Credit customer MT enterprises. Invoice no :
103
22nd March Dust cleaners £ 18,400 ,credit customer WEST ( Pvt ) Ltd invoice
no : 104
27th March Steel kettles £ 20,000.credit customer A TO Z kitchen item
provider. inovice no :105
30th March Knife holders £ 7,400 .credit customer SEESAW ( Pvt ) Ltd.invoice
no : 106

Required : 1,Sale Journal

2, Relevant Ledger accounts in sales ledger ( trade receivable
control ledger ).

Activity no 2 :
Following credit sales took place in GO Local batik business shop during the
month of December 2021.
1st Dec batik sarong (edge stitched) no.of items 500 , £ 240 each.
Office skirts no ,of items 100 , £ 120 each
Credit customer Ruu lalana enterprises

5th Dec Batik sarees no.of items 2200 , £ 150 each

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Shawl no.of items 100 , £ 800 each.

Credit customer Extra enterprises

19th Dec Lungi no.of items 400 , £ 2000 each.

Credit customer Megawillos brothers

26th Dec Batic bed sheets 100, £ 340 each.

Sarees 300 , £ 1600 each.
Credit customer : Silksree providers
Required : Sales Journal and relevant ledger accounts in sales ledger.

Activity no 3 :
Differentiate trade discount from cash discount in four aspects.( in the class
room )
Activity no 4 :
Calculate trade discount and discounted price as per following situation
separately.
A, List price £ 23,000 , Trade discount 20%.
B, List price £ 18,000, trade discount 5%
C, List price £ 21,000, trade discount 10%.
D, List price £ 14,500, trade discount 8%.
E, List price £ 30,000, trade discount 4%.

Activity no 5 :
Fill in the blanks.
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Name of the List price Trade discount Discounted price

business
AB brothers 45,000 ??? 40,500
XY brothers 66,000 3,300 ???
Martinas 20,000 1,000 ????
enterprises
Duplix ???? 5,000 45,000
enterprises
Amro and sons ???? 2,300 26,450

Activity no 6 :
Fill in the blanks in given Sale Journal.
Date Details Total £ Total £
1st Dec 2021 Item 1 20,000
Item 2 10,000
less 30,000
Trade discount ( ???)
5%
Customer : XYZ ?????
…………………..
6TH Dec 2021 Item 3 14,000
Less
Trade discount
12% ( ?? ) ????
Customer : Max
…………………..
15th Dec 2021 Item 4 16,500
Item 5 12,500
Less ????
Trade discount ?? ( ???? )
Customer : Ruth 23,200

31st Dec 2021 Transferred to ???????

sales account
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Activity no 7 :
Following credit purchase took place in Fresh fruits supplier Mango’s business
during the month of January 2022.
3rd Jan Pine apple 300 ,list price £ 240 each.
Avocado 400 ,list price £ 120 each
Trade discount 5%
Supplier : Go green distributors
P/I/no: 145
12TH Jan Wood apple 250, list price £ 100 each.
Trade discount 12%
Supplier : Fruits to heart suppliers
P/I/no: 146
18th Jan Blueberries 1000 kilos , list price £120 each kilo
Straw berry 500 kilos – list price £ 110 each kilo
Trade discount 8%
Supplier : Fresh mark distributors
P/I/no: 147
28th Jan Red apple 400 – list price £ 200 each.
Trade discount 2%
Supplier : Fresh fruit dealers
P/I/no: 148
Required : Purchase Journal and relevant ledger accounts in trade payable
ledger ( purchase ).