Loading Tutorstips...
✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Advertisement
Advertisement
Advertisement
Advertisement
Question 19 Chapter 8 of Class 11 Unimax Publications
19. Record the following transactions of Abhay & Co., Kolkata in the Returns Inward Book and post these transactions into the Ledger accounts:
| 2020 | |
| Jan. 1 | Ramesh & Co., Guwahati returned 500 pens sold @ 50 per unit Less: Trade Discount @ 10% Add: IGST @ 12% |
| Jan. 25 | Naresh & co., Kolkata returned 300 pens sold @ 55 per unit. Add: CGST and SGST 6% each |
SALES RETURNS BOOK
| Date | C / no. | Particulars |
L. F. | Details | Cost | Output CGST | Output SGST | Output IGST | Amount |
|---|---|---|---|---|---|---|---|---|---|
| 2020 | |||||||||
| Jan. 1 | Ramesh & Co., Guwahati | ||||||||
| 500 Pens @ 50 each | 25,000 | ||||||||
| Less: Trade Discount @ 10% | 2,500 | ||||||||
| 22,500 | |||||||||
| Add: IGST @ 12% | 2,700 | ||||||||
| 25,200 | 22,500 | 2,700 | 25,200 | ||||||
| Jan. 25 | Naresh & CO., Kolkata | ||||||||
| 300 Pens @ 55 each | 16,500 | ||||||||
| Add: CGST @ 6% | 990 | ||||||||
| SGST @ 6% | 990 | ||||||||
| 18,480 | 16,500 | 990 | 990 | 18,480 | |||||
| Jan. 31 | 39,000 | 990 | 990 | 2,700 | 43,680 |
LEDGER BOOK
| Dr. | SALES RETURN ACCOUNT | Cr. | |||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
|---|---|---|---|---|---|---|---|
| 2020 | |||||||
| Jan. 31 | To Sundries as per Sales Return Book for January, 2018 | 39,000 | |||||
| Dr. | OUTPUT CGST ACCOUNT | Cr. | |||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
|---|---|---|---|---|---|---|---|
| 2020 | |||||||
| Jan. 31 | To Sundries as per Sales Return Book for January, 2018 | 990 | |||||
| Dr. | OUTPUT SGST ACCOUNT | Cr. | |||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
|---|---|---|---|---|---|---|---|
| 2020 | |||||||
| Jan. 31 | To Sundries as per Sales Return Book for January, 2018 | 990 | |||||
| Dr. | OUTPUT IGST ACCOUNT | Cr. | |||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
|---|---|---|---|---|---|---|---|
| 2020 | |||||||
| Jan. 31 | To Sundries as per Sales Return Book for January, 2018 | 2,700 | |||||
| Dr. | M/S RAMESH & CO., GUWAHATI | Cr. | |||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
|---|---|---|---|---|---|---|---|
| 2020 | |||||||
| Jan. 1 | By Sales Return A/c | 22,500 | |||||
| By Output IGST A/c | 2,700 | ||||||
| Dr. | M/S NARESH & CO., KOLKATA | Cr. | |||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
|---|---|---|---|---|---|---|---|
| 2020 | |||||||
| Jan. 25 | By Sales Return A/c | 16,500 | |||||
| By Output CGST A/c | 990 | ||||||
| By Output SGST A/c | 990 | ||||||
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.
This guide covers "Question 19 Chapter 8 of Class 11 Unimax Publications", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Chapter 8 Other Subsidiary Books - Unimax.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
You can take our custom-built interactive practice quiz directly on this page to test your understanding of "Question 19 Chapter 8 of Class 11 Unimax Publications" instantly.
