What is credit note?

What is journal proper ?

Define bill of exchange.

What is an opening entry ?

What is an invoice?

What is days of grace?

Write notes on Parties involved in bill of exchange.

Give the specimen of Purchases Returns Book.

Give the specimen of Sales Book.

As per the Rough Book, following transactions of M/s. Jain Fashion Wears are given you are required to make out the Sales Book.

2015 Feb 1	Sold to Mis. Om & Sons on Credit as per Invoice No. 182
	72 Kurtas @ Rs. 175 each
	45 Trousers @ Rs. 225 each
	Less: Trade Discount @ 5%
Feb 5	Sold to Deepti & Co. as per Invoice No.282
	50 long shirts @ Rs. 185 each
	65 Jeans @ Rs. 235 each
Feb 18	Sold to M/s. Gupta & Sons for cash as per Invoice No. 173
	20 Ladies Suits @ Rs. 115 each
	30 T-Shirts @ Rs. 405 each
	Less: Trade Discount 5%
Feb 20	Sold 5 Chairs @ Rs. 50 each to Mis. Kapil & Co. as per Invoice No. 381