The following sales transactions were conducted by Ashar Trading Enterprise during the month of April 2020:- 03 Merchandise amounting to Rs. 5,800 were sold on credit to Reliance Traders. 06 Sold goods at invoice price of Rs. 16,700 to Shah Sons on cr

To record the sales transactions for Ashar Trading Enterprise, we will follow the steps outlined in your request. Let's break it down: ### a) Record the Transactions in the Sales Journal #### Sales Journal | Date | Invoice No. | Customer | Account No. | Sales Amount (Rs.) | Sales Discount | Net Sale Amount | |------------|-------------|-----------------------|--------------|--------------------|----------------|------------------| | April 03 | 001 | Reliance Traders | 101 | 5,800 | 0 | 5,800 | | April 06 | 002 | Shah Sons | 102 | 16,700 | 0 | 16,700 | | April 10 | 003 | Zaib Traders | 103 | 13,600 | 0 | 13,600 | | April 15 | 004 | Shah Sons | 102 | 8,500 | 0 | 8,500 | | April 26 | 005 | Reliance Traders | 101 | 18,000 | 0 | 18,000 | | April 28 | 006 | Good Luck Trading | 104 | 15,000 | 0 | 15,000 | **Total**: Rs. 77,600 ### b) Post Transactions in the Control Ledger Accounts #### Control Ledger (Accounts Receivable) | Account No. | Customer | Date | Sales Amount (Rs.) | Total Receivable (Rs.) | |--------------|---------------------|------------|--------------------|------------------------| | 101 | Reliance Traders | April 03 | 5,800 | 5,800 | | | | April 26 | 18,000 | 23,800 | | 102 | Shah Sons | April 06 | 16,700 | 16,700 | | | | April 15 | 8,500 | 25,200 | | 103 | Zaib Traders | April 10 | 13,600 | 13,600 | | 104 | Good Luck Trading | April 28 | 15,000 | 15,000 | ### c) Post Transactions in the Subsidiary Ledger Accounts #### Subsidiary Ledger - **Reliance Traders (Account No. 101)** | Date | Description | Amount (Rs.) | |------------|---------------------|---------------| | April 03 | Sale | 5,800 | | April 26 | Sale | 18,000 | | **Total** | | **Rs. 23,800**| - **Shah Sons (Account No. 102)** | Date | Description | Amount (Rs.) | |------------|---------------------|---------------| | April 06 | Sale | 16,700 | | April 15 | Sale | 8,500 | | **Total** | | **Rs. 25,200**| - **Zaib Traders (Account No. 103)** | Date | Description | Amount (Rs.) | |------------|---------------------|---------------| | April 10 | Sale | 13,600 | | **Total** | | **Rs. 13,600**| - **Good Luck Trading (Account No. 104)** | Date | Description | Amount (Rs.) | |------------|---------------------|---------------| | April 28 | Sale | 15,000 | | **Total** | | **Rs. 15,000**| ### d) Prepare a Schedule of Accounts Receivable #### Schedule of Accounts Receivable | Customer | Amount Due (Rs.) | |-----------------------|-------------------| | Reliance Traders | 23,800 | | Shah Sons | 25,200 | | Zaib Traders | 13,600 | | Good Luck Trading | 15,000 | | **Total** | **77,600** | ### Reconciliation with Control Account The total amount in the Accounts Receivable Control Account matches the total amount due from customers in the subsidiary ledgers: - **Total Receivables Control Account**: Rs. 77,600 - **Total from Schedule of Accounts Receivable**: Rs. 77,600 Thus, the records are correctly reconciled.