Assignment 12

 Assignment 12: Sales Order Process with compound unit

1)      Create a company with your name followed by your student code and chapter name for the financial year 2016-17 and create the following ledgers with opening balances.

 

Liabilities	Amount (Rs.)	Assets	Amount (Rs.)
Capital	354500	Furniture	326000
General reserve	243660	Stock in hand	323160
Profit & loss	32000	HDFC Bank	91000
Loan from Indian bank	122000	Cash	12000
	752160		752160

 

2)      The opening stock item detail are as follows.

 

TV Type	Screen size	Model no.	Quantity	Godown	Rate
LEDTV	Samsung22”	UA22D50N	3pcs	Strand road	20900
	LG22”	22LE53000	4pcs		19790
	Sony 22”	KDL223420	2pcs		20900
LCD TV	Samsung22”	LA22D40E1	4pcs	Taratala	15000
	Soney22”	KLV22B320	5pcs		15900

 

3)      A sales order is received on 01/07/2016 from Gorakh electronics for the following goods [ORD No. RE/ORD-0012/2016-17]

 

Model no.	Quantity	Rate
22LE53000(LG22”LED TV)	4 PCS	22500
LA22D40E1(Samsung 22”LCD TV)	4PCS	18300
KLV22B320(Sony22”LCDTV)	5PCS	19400

 

4)      All the product is sent to Gorakh electronics against the above order on the next day. [Challan no: Re/CH-0012/2016-17]

 

5)      On 02/07/2016 they rejected 1 pcs KLV22B320 (sony22” LCD TV) and company stored the goods at Taratala godown. [Ref no: Re/REJ-001/2016-17]

 

6)      On 31/07/2016 company raised invoice to Gorakh electronics against the above challan received 70% of the total dues by cheque. [invoice no: /RE/sale-0012/2016-17]

 

7)      On 01/08/2016 company purchase some accessories from sony India (Bill no.SI/INV/0654/1112). The details of the product as mentioned.

 

 

Product	Quantity	Rate	Mfg. date	Exp. date	Batch no.	Stored at
3m HDMI Cable	10pcs	590	02/06/2016	31/12/2017	HC0620011	Taratala
Camera Microphone	15pcs	870	01/06/2016	31/12/2017	CM062011	Taratala
USB Wireless LAN adaptor	12pcs	299	02/05/2016	01/12/2017	LA062011	Taratala

 

8)      On 02-08-2016 company sold following goods to m/s Image tech (Invoice no:RE/sale0013/2016-17).

 

Product	Quantity	Rate
3m HDMI Cable	6pcs	780
Camera Microphone	8pcs	1050
USB Wireless LAN adaptor	5pcs	425

 

9)      On 31-08-2016 M/s Image tech returns 2 pcs camera Microphone. Company stored it at Taratala godown and issued a credit note to adjust the bill (Ref No:RE/CRN/001/2016-17).

 

10)   On 02-09-2016 M/s Image tech clear his full dues through yes bank’s cheque [No.789652] of Asansol branch and company allowed cash discount of Rs.1,000