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Question No 12 Chapter No 11
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12. Enter the following transaction in Sales Return Book Of Raj Computers, Delhi :
| 2018 | |
| Jul.1 | Sohan & sons, Delhi returned 2 Laptop HP Sold @ Rs 40,000 each plus CGST and SGST @6% each |
| Jul.2 | Ramesh & Sons, Noida returned 2 ‘Ricoh’ printer sold @ Rs 10,000 each plus IGST @12% |
| Jul.25 | Dinesh, Chandigarh returned 10HP Desktop Sold @ Rs 20,000 each plus IGST @12% for delayed supply |
| Jul.26 | Computer Mouse returned by Ravi, Delhi sold to him for Cash Rs 2,000 plus CGST and SGST @ 6% each |
The solution of Question No 12 Chapter No 11: –
In the Books of Raj Computers
| Sale Return Book | |||||||
| Date | Particular | Detail | Cost | Output CGST | Output SGST | Output ISGT | Total |
| 2018 Jul. | |||||||
| 1 | Sohan & Sons, Delhi: | ||||||
| 2 HP Laptops @ Rs 40,000 | 80,000 | ||||||
| 80,000 | |||||||
| Add: CGST | 4,800 | ||||||
| Add: SGST | 4,800 | ||||||
| 89,600 | 80,000 | 4,800 | 4,800 | 89,600 | |||
| 2 | Ramesh & Sons, Noida | ||||||
| 2’Ricoh’ Printers @ Rs 10,000 each | 20,000 | ||||||
| 20,000 | |||||||
| Add: IGST | 2,400 | ||||||
| 22,400 | 20,000 | 2,400 | 22,400 | ||||
| 25 | Dinesh, Chandigarh: | ||||||
| 10 HP Desktops @ Rs 20,000 | 2,00,000 | ||||||
| 2,00,000 | |||||||
| Add: IGST | 24,000 | ||||||
| 2,24,000 | 3,00,000 | 4,800 | 4,800 | 24,000 | 2,24,000 | ||
| 3,00,000 | 4,800 | 4,800 | 26,400 | 3,36,000 | |||
| Dr. | Sale Return A/c | Cr. | |||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
| 2018 | 2018 | ||||||
| Jul.1 | To Sohan & Sons, Delhi A/c | 80,000 | |||||
| Jul.2 | To Ramesh & Sons, Noida A/c | 20,000 | |||||
| Jul.25 | To Dinesh, Chandigarh A/c | 2,00,000 | |||||
| Jul.31 | To Balance C/d | 3,00,000 | |||||
| 3,00,000 | 3,00,000 | ||||||
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| Dr. | Input CGST A/c | Cr. | |||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
| 2018 | 2018 | ||||||
| Jul.1 | To Sohan & Sons, Delhi A/c | 4,800 | |||||
| Jul.31 | By Balance C/d | 4,800 | |||||
| 4,800 | 4,800 | ||||||
| Dr. | Output SGST A/c | Cr. | |||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
| 2018 | 2018 | ||||||
| Jul.1 | To Sohan & Sons, Delhi A/c | 4,800 | |||||
| Jul.31 | By Balance C/d | 4,800 | |||||
| 4,800 | 4,800 | ||||||
| Dr. | Output IGST A/c | Cr. | |||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
| 2018 | 2018 | ||||||
| Jul.2 | To Ramesh& Sons, Noida A/c | 2,400 | |||||
| Jul.25 | To Dinesh, Chandigarh A/c | 24,000 | |||||
| Jul.31 | By Balance C/d | 26,400 | |||||
| 26,400 | 26,400 | ||||||
| Dr. | Sohan & Sons, Delhi A/c | Cr. | |||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
| 2018 | 2018 | ||||||
| Jul.1 | By Sale return A/c | 80,000 | |||||
| Jul.1 | By Input CGST A/c | 4,800 | |||||
| Jul.1 | By Input CGST A/c | 4,800 | |||||
| Jul. 31 | By Balance C/d | 89,600 | |||||
| 89,600 | 89,600 | ||||||
| Dr. | Ramesh & Sons, Noida A/c | Cr. | ||||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount | |
| 2018 | 2018 | |||||||
| Jul.2 | By Sale Return A/c | 20,000 | ||||||
| Jul.2 | By Input IGST A/c | 2,400 | ||||||
| Jul.31 | By Balance c/d | 22,400 | ||||||
| 22,400 | 22,400 | |||||||
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| Dr. | Dinesh, Chandigarh A/c | Cr. | ||||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount | |
| 2018 | 2018 | |||||||
| Jul.25 | By Sale Return A/c | 2,00,000 | ||||||
| Jul.25 | By Input IGST A/c | 24,000 | ||||||
| Jul.31 | By Balance c/d | 2,24,000 | ||||||
| 2,24,000 | 2,24,000 | |||||||
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To understand more about cash book please check out following links: –
Sales Return Book | Subsidiary Books | Examples
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Also, Check out the solved question of previous Chapters: –
- Chapter No. 5 – Accounting Equation
- Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
- Goods and Services Tax(GST)
- Chapter No. 8 – Journal
- Chapter No. 9 – Ledger
- Chapter No. 10 – Special Purpose Books I – Cash Book
Check out T.S. Grewal +1 Book 2019 @ Official Website of Sultan Chand Publication
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