Question No 05 Chapter No 8

Question No 05 Chapter No 8

Purchase Return Book

05. Write up Return Outward Book of Malthotra & Co., Bhiwani Haryana from the following transactions assuming CGST @ 6% and SGST @ 6% : –

2018 
Aug.14 Returned to Saraswati House, Bhiwani 25 Chairs @ 1,800 per Chair, being not of specified quality.
 Trade Discount 10%
Aug.122 Sent back one Dining Table to Navneet Enterprise, Karnal Haryana for not being polished @ 10,000 and 20 Chairs @ 2,000 each
Aug.20Returned to Yadav & Co., Patiala Punjab, being not according to sample:-
 20 Chairs @ 1,500 each
 2 Dressing Tables @ 7,500 each. 
Aug.28Allowance claimed from Navneet Enterprise, Ludhiana Punjab on account of a mistake in the invoice 5,000.

The solution of Question No 05 Chapter No 8: –

 Purchases Return Book 
DateParticularDetailCost
Input CGSTInput SGST Input
ISGT
 
Total
2018
Aug.
       
4Saraswati House, Bhiwani      
 25 Chairs @ Rs 1,800 per Chair40,000     
 Less: 10% Trade Discount4,500     
  40,500     
 Add: 6% CGST2,430     
 Add: 6% SGST2,430     
  45,36040,5002,4302,430 45,360
12Navneet Enterprise, Karnal Haryana      
 1 Dining Table @ Rs10,00010,000     
 20 Chairs @ Rs 2,000 each40,000     
  50,000     
 Add: 6% CGST3,000     
 Add: 6% SGST3,000     
  56,00050,0003,0003,000 56,000
20Yadav & Co., Patiala Punjab      
 20 Chairs @ 1,500 each30,000     
 2 Dressing Tables @ 7,500 each15,000     
  45,000     
 Add: 12% IGST5,400     
  1,80,00045,000  5,40050,400
28Navneet Enterprise, Ludhiana Punjab Mistake in the Invoice5,000     
 Add: 12% IGST600     
  5,6005,000  6005,600
   1,40,5005,4305,4306,0001,57,360

Purchase Return Book | Subsidiary Books | Examples

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