Problem No 03 Chapter No 8- UNIMAX Class 11

Problem No 03 Chapter No 8 - UNIMAX Class 11 - Solution-min

Problem No 03 Chapter No 8- UNIMAX Class 11

Free Accounting book Solution - Class 11 and Class 12

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: –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

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 

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