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Question No 32 Chapter No 5 - USHA Publication 11 Class

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Question No 32 Chapter No 5

Return Of goods

32. Journalise the following transactions in the book of Laxman:

2020
Mar. 1	Goods worth Rs 6,000 sold to Sehwag at trade discount of 5%
Mar. 2	Sehwag returned one-third of the goods
Mar. 7	Purchased goods worth Rs 8,000 from R.P Singh at a trade discount of 4%
Mar. 8	Returned one-fourth of the goods to R.P. Singh
Mar. 11	Purchased goods worth Rs 10,000 from Irfan at a trade discount of 5% and Sold the same to Dravid for Rs 15,000
Mar. 12	Dravid refined one-fifth of the goods, which in turn, in turn, returned to Irfan

The solution of Question No 32 Chapter No 5: -

In the Books of Laxman

Date	Particulars		Debit	Credit
2020
Mar.1	Sehwag A/c	Dr.	5,400
	To Sale A/c			5,400
	(Being sold goods to Sehwag at the trade discount of 10%.)

Mar.2	Sale return A/c	Dr.	1,800
	To Sehwag A/c			1,800
	(Being Sehwag return goods .)

Mar.7	Purchases A/c	Dr.	7,840
	To R.P. Singh A/c			7,840
	(Being purchases goods from R.P. Singh )

Mar.8	R.P. Singh A/c	Dr.	1,960
	To Purchases return A/c			1,960
	(Being purchases goods from R.P. Singh )

Mar.11	Purchases A/c	Dr.	9,500
	To Irfan A/c			9,500
	(Being goods bought from Irfan)

Mar.11	Sale return A/c	Dr.	3,000
	To Dravid A/c			3,000
	(Being goods return by Dravid )

Mar.12	Irfan A/c	Dr.	3,000
	To Purchases return A/c			3,000
	(Being goods return to Irfan )