Problem No 03 Chapter No 8- UNIMAX Class 11
Table of Contents
3. You are required to prepare purchases return & sales return book from the following transactions of Mr Verma.
| Feb.1 | Returned by Mr Ankush |
| 2 heaters @ ₹ 325 cash. | |
| Less: 10 % trade discount | |
| Feb.11 | Returned by M/s Mehra |
| 3 ovens @ ₹ 750 each | |
| Feb.13 | Returned to M/s Mehra |
| 1 water heater for ₹ 900 | |
| Feb.25 | Returned to M/s Behl & Sons. |
| 1 heater for ₹ 300 | |
| 2 ovens @ 735 each. | |
| Less: 2% trade discount |
The solution of Problem No 03 Chapter No 8- UNIMAX Class 11
| Purchases Return Book | |||||
| Date | Debit Note No. | Particulars |
L. F. | Details | Amount |
| 2020 | |||||
| Feb.13 | M/s Mehar | ||||
| 1 water heater @ ₹ 900 | 900.00 | 900.00 | |||
| Feb.25 | M/s Behl & Sons | ||||
| 1 heater @ ₹ 300 | 300.00 | ||||
| 2 ovens @ ₹ 735 | 1,470.00 | ||||
| 1,770.00 | |||||
| Less: 2% trade discount | 35.40 | 1,734.60 | |||
| Total as per purchases returns book | 2,634.60 | ||||
| Sales Return Book | |||||
| Date | Credit Note No. | Particulars |
L. F. | Details | Amount |
| 2020 | |||||
| Feb.8 | Mr Ankush | ||||
| 2 heater @ ₹ 325 | 650 | ||||
| Less:10% trade discount | 65 | 585 | |||
| Feb.11 | M/s Mehra | 2,250 | 2,250 | ||
| Total as per purchases returns book | 2,835 | ||||
Read out the full article to know the meaning of Purchase Return Book and Sales Return Book
Purchase Return Book | Subsidiary Books | Examples
Sales Return Book | Subsidiary Books | Examples
Also, Check out the same article in Hindi from the following link
Purchase Return Book | Subsidiary Books | Examples – in Hindi
Sales Return Book | Subsidiary Books | Examples – in Hindi
Also, Check out the solved question of all Chapters: –
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Advanced Accountancy – Unimax Class 11 – 2021 – Solution.
Part-I
- Chapter No. 1 – Introduction of Accounting
- Chapter No. 2 – Theory Base of Accounting
- Chapter No. 3 – Vouchers and Transactions
- Chapter No. 4 – Journal
- Chapter No. 5 – Goods and Services Tax (GST): An Introduction
- Chapter No. 6 – Ledger
- Chapter No. 7 – Special Purpose Book – Cash Book
- Chapter No. 8 – Other Subsidiary Books
- Chapter No. 9 – Trial Balance
- Chapter No. 10 – Rectification of Errors
- Chapter No. 11 – Depreciation
- Chapter No. 12 – Provision and Reserves
- Chapter No. 13 – Bank Reconciliation Statement
- Chapter No. 14 – Bills of Exchange
Students may choose only one part from the Part II and Part III
Part-II
- Chapter No. 15 – Financial Statements (Without Adjustments)
- Chapter No. 16 – Financial Statements (With Adjustments)
- Chapter No. 17 – Accounts from Incomplete Records – Single Entry System
Part-III
- Chapter No. 18 – Introduction to Computers and Accounting information System
- Chapter No. 19 – Computerised Accounting
- Chapter No. 20 – Accounting Software: Tally
- Chapter No. 21 – Data Base System
- Chapter No. 22 – Concept of Entity and Relationship