Question No 11 Chapter No 9 – D.K Goal 11 Class

Question No 11 Chapter No 9

Question No 11 Chapter No 9

11. Enter the following transactions in Return Outward Book of Modern Furniture House, Udaipur Rajasthan assuming CGST @ 6% and SGST @ 6% and post it into Ledger:-

2017  
Nov.7 Returned to Sachdeva Furniture Store, Ahmedabad Gujarat :
  5 Chairs @ 2,000 each
  1 Table for 15,000
  Less: 10% Trade Discount
Nov.22 Returned 8 Chairs to India Furniture House, Jodhpur Rajasthan @ 1,500 each, being not of specified quality.
Nov.24 Returned one Dining Table to Arora & Co., Jaipur Rajasthan being not according to sample 50,000.
Nov.28 Allowance claimed from Delhi Furniture Shop, Ahmedabad Gujarat on account of mistake in the invoice 16,000. 

The solution of Question No 11 Chapter No 9: –

Return Outwards Book 
Date Particular Detail Cost
Output CGST Output SGST  Output
ISGT
 
Total
2018
Nov.
             
7 Sachdeva Furniture Store, Ahmedabad Gujarat 2,00,000          
  5 Chairs @ 2,000 each 10,000          
  1 Table for Rs 15,000 15,000          
    25,000          
  Add: 9% CGST 2,500          
  Add: 9% SGST 2,700          
    25,200 22,500     2,700 25,200
22 India Furniture House, Jodhpur Rajasthan            
  8 Chairs @ Rs 1,500 per Chair 12,000          
  Add: 6% CGST 720          
  Add: 6% SGST 720          
    13,440 12,000 720 720   13,440
24 Arora & Co, Jaipur Rajasthan 50,000          
  1 Dining Tables @ Rs 50,000 each            
  Add: 6% CGST 3,000          
  Add: 6% SGST 3,000          
    56,000 50,000 3,000 3,000 12,750 56,000
28 Delhi Furniture Shop, Ahmedabad Gujarat 16,000          
  Add: 12% IGST 1,920          
    17,920 16,000     1,920 17,920
      1,00,500 3,720 3,720 4,620 1,12,560
Dr. Purchases Return A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Nov.30 To Sundries as per Purchases Return Book   1,00,500
               
               
Dr. India Furniture House A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Nov.22 By Purchases Return A/c   12,000        
Nov.22 By Input CGST A/c   720        
Nov.22 By Input CGST A/c   720        
               
Dr. Delhi Furniture Shop A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Nov.28 By Purchases Return A/c   16,000        
Nov.28 By Input IGST A/c   1,920        
               
Dr. Sachdeva Furniture Store Shop A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Nov.07 By Purchases Return A/c   22,500        
Nov.07 By Input IGST A/c   2,700        
               
Dr. Arora & Co A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Nov.24 By Purchases Return A/c   50,000        
Nov.24 By Input CGST A/c   3,000        
Nov.24 By Input CGST A/c   3,000        
               

What is Ledger in accounting – explain its Types

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