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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
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Record the following transactions in the Sales Return Book of Raj Computers, Delhi for July 2024. Also post them to the Ledger.
Note: CGST and SGST @ 6% each on intra-state (Delhi) transactions; IGST @ 12% on inter-state transactions.
| Date | Transaction |
|---|---|
| July 1 | Sohan & Sons, Delhi returned 2 HP Laptops @ ₹40,000 each; CGST and SGST @ 6% each. |
| July 2 | Ramesh & Sons, Noida (UP) returned 2 Ricoh Printers @ ₹10,000 each; IGST @ 12%. |
| July 25 | Dinesh, Chandigarh returned 10 HP Desktops @ ₹20,000 each; IGST @ 12%. |
| July 26 | Ravi, Delhi returned a Computer Mouse ₹2,000 including CGST and SGST. (Note: No Entry — this was a cash sale return, not recorded in Sales Return Book.) |
In the Books of Raj Computers, Delhi
Sales Return Book
Note: July 26 — Mouse returned by Ravi, Delhi is a return against a cash sale. Sales Return Book records only returns of credit sales. Hence, No Entry in Sales Return Book for this transaction.
| Date | Particulars | Credit Note No. | L.F. | Amount (₹) | Output CGST Dr. (₹) | Output SGST Dr. (₹) | Output IGST Dr. (₹) | Total (₹) |
|---|---|---|---|---|---|---|---|---|
| July 1 | Sohan & Sons, Delhi 2 HP Laptops @ ₹40,000 = ₹80,000 (Intra-state: CGST & SGST @ 6% each) | — | 80,000 | 4,800 | 4,800 | — | 89,600 | |
| July 2 | Ramesh & Sons, Noida (UP) 2 Ricoh Printers @ ₹10,000 = ₹20,000 (Inter-state: IGST @ 12%) | — | 20,000 | — | — | 2,400 | 22,400 | |
| July 25 | Dinesh, Chandigarh 10 HP Desktops @ ₹20,000 = ₹2,00,000 (Inter-state: IGST @ 12%) | — | 2,00,000 | — | — | 24,000 | 2,24,000 | |
| Total (July 31) | 3,00,000 | 4,800 | 4,800 | 26,400 | 3,36,000 | |||
Individual customer accounts are credited on each return date; Sales Return and GST accounts are debited at month-end (July 31) with column totals.
| Dr | Cr | ||||||
|---|---|---|---|---|---|---|---|
| Date | Particulars | J.F. | Amount (₹) | Date | Particulars | J.F. | Amount (₹) |
| July 1 | By Sales Return Book | 89,600 | |||||
| Dr | Cr | ||||||
|---|---|---|---|---|---|---|---|
| Date | Particulars | J.F. | Amount (₹) | Date | Particulars | J.F. | Amount (₹) |
| July 2 | By Sales Return Book | 22,400 | |||||
| Dr | Cr | ||||||
|---|---|---|---|---|---|---|---|
| Date | Particulars | J.F. | Amount (₹) | Date | Particulars | J.F. | Amount (₹) |
| July 25 | By Sales Return Book | 2,24,000 | |||||
| Dr | Cr | ||||||
|---|---|---|---|---|---|---|---|
| Date | Particulars | J.F. | Amount (₹) | Date | Particulars | J.F. | Amount (₹) |
| July 31 | To Sundry Debtors (Sales Return Book) | 3,00,000 | |||||
| Dr | Cr | ||||||
|---|---|---|---|---|---|---|---|
| Date | Particulars | J.F. | Amount (₹) | Date | Particulars | J.F. | Amount (₹) |
| July 31 | To Sundry Debtors (Sales Return Book) | 4,800 | |||||
| Dr | Cr | ||||||
|---|---|---|---|---|---|---|---|
| Date | Particulars | J.F. | Amount (₹) | Date | Particulars | J.F. | Amount (₹) |
| July 31 | To Sundry Debtors (Sales Return Book) | 4,800 | |||||
| Dr | Cr | ||||||
|---|---|---|---|---|---|---|---|
| Date | Particulars | J.F. | Amount (₹) | Date | Particulars | J.F. | Amount (₹) |
| July 31 | To Sundry Debtors (Sales Return Book) | 26,400 | |||||
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
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