Cash Sales from shop Item A 1000 kg*15=15000
Sales made to AC Oberoi and Co 30000 Kg Item A @10 each on 1 August.
Amount received from AC Oberoi Rs 285000 by cheque on 15 August and balance by cash on 18 September
Sales +Direct Income
Item A 15000 Kg @ 20/kg 300000
Item B 5000 Kg @ 40/kg 200000
Transportation Charges 20000
Cheque received from Ajit traders for 80% payment.
Balance amount not yet received.
Some amount in advance
The company entered into agreement to sell 2000 kg Item B @ 50/Kg to Khan Traders on 17 September.
It received 10% payment in advance on 18 September. Sales Bill was issued on 19 September and balance was received on 20 September