Question No 12 Chapter No 9

Question No 12 Chapter No 9

12. Enter the following transactions in Return Inward Book of M/s Kanitkar & Co. of Mumbai Maharashtra assuming CGST @ 2.5% and SGST @ 2.5% and post it into Ledger:

2018 
Jan.5Goods returned to us by Giriraj & Co., Pune Maharashtra worth 40,000, less 10% trade discount
Jan.10Shah Brothers, Jaipur Rajasthan returned goods, being not according to sample 30,000.
Jan.16Allowance claimed by Jai Singh & Co., Mathura U.P on account of a mistake in the invoice 10,000
Jan.20Good returned by Gopal sons, Mumbai being defective 20,000.

The solution of Question No 12 Chapter No 9: –

Return Outwards Book 
DateParticularDetailCost
Output CGSTOutput SGST Output
ISGT
 
Total
2018
Jan.
       
5Giriraj & Co., Pune Maharashtra40,000     
 Less: 10% Trade Discount4,000     
  36,000     
 Add: 2.5% CGST900     
 Add: 2.5% SGST900     
  37,80036,000900900 37,800
10Shah Brothers, Jaipur Rajasthan30,000     
 Add: 5% IGST1,500     
  31,50030,000  1,50031,500
16Jai Singh & Co., Mathura U.P.10,000     
 Add: 5% IGST500     
  10,50010,000  50010,500
28Delhi Furniture Shop, Ahmedabad Gujarat20,000     
 Add: 2.5% CGST500     
 Add: 2.5% CGST500     
  21,00020,000500500 21,000
   96,0001,4001,4002,0001,00,800
Dr.Sales Return A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Jan.31By Sundries as per Sale Return Book 96,000    
        
        
Dr.Shah Brothers A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
    Jan.10To Sale Return A/c 30,000
    Jan.10To Output IGST A/c 1,500
        
        
Dr.Gopal sons A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
    Jan.28To Sale Return A/c 20,000
    Jan.28To Output CGST A/c 500
    Jan.28To Output SGST A/c 500
        
Dr.Giriraj & Co A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
    Jan.05To Sale Return A/c 36,000
    Jan.05To Output CGST A/c 900
    Jan.05To Output CGST A/c 900
        
Dr.Jai Singh & Co A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
    Jan.16To Sale Return A/c 10,000
    Jan.16To Output IGST A/c 500
        

What is Ledger in accounting – explain its Types

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D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution

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ISC Accounts 11 20 Image min 197x300 - Question No 12 Chapter No 9 - D.K Goal 11 Class
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