Question No 13 Chapter No 11 – T.S. Grewal 11 Class

Question No.13 Chapter No.11 T.S. Grewal 1 Book 2019 Solution min min 1024x576 - Question No 13 Chapter No 11 - T.S. Grewal 11 Class

Question No 13 Chapter No 11

Returns Inward and Returns Outward Books

13. Prepare Return Inward and Return Outward Books of Manoj, Mumbai from the following transactions:

2018  
Mar.1 Mathur Bros., New Delhi, returned:
  5 Pairs of Shoes for bring defective @ Rs 2,000 per pair
  Less: Trade Discount 10% , IGST was charged @ 18%
Mar.5 Return to Kanpur Leather Private Lid., Kanpur
  100 pairs of Chappals being not up to approved Sample. They were purchased @ Rs 300 per pair
  Less: Trade Discount @15% 
  IGST was paid @ 18% 
 Mar.12 Baluja Shoes Co., Mumbai, returned 12 pairs of ladies chappals sold to them @ Rs4,000 per pair
  Less: Trade Discount 10% , CGST and SGST was charged @ 9% each 
Mar.20 Returned to B.S.C Canvas Shoes @Rs 500 per pair 
  Less: Trade Discount 15%
  CGST and SGST was paid @ 9% each 

The solution of Question No 13 Chapter No 11: – 

In the Books of Manoj, Mumbai

  Purchases Return Book 
Date Particular Detail Cost
Input CGST Input SGST  Input
ISGT
 
Total
2018
Mar.
             
5 Kanpur Leather Private Ltd., Kanpur :            
  100 pairs of Chappals @ Rs 300 30,000          
    30,000          
  Less: Trade Discount 15% 4,500          
    25,500          
  Add: IGST 4,590          
    30,090 25,500     4,590 30,090
20 Bata Shoes Pvt. Ltd., Mumbai:            
  100 pair B.S.C. Canvas Shoes @ Rs 500 per pair 50,000          
    50,000          
  Less: Trade Discount @ 10% 7,500          
    42,500          
  Add: CGST 3,825          
  Add: SGST 3,825          
    50,150 42,500 3,825 3,825   50,150
      68,000 3,825 3,825 4,590 80,240

 

  Sale Return Book 
Date Particular Detail Cost
Output CGST Output SGST  Output
ISGT
 
Total
2018
Mar.
             
1 Mathur Bros., New Delhi, Returned :            
  5 pairs of Shoes @ Rs 2,0000 per pair 10,000          
    10,000          
  Less: Trade Discount 10% 1,000          
    9,000          
  Add: IGST 1,620          
    10,620 9,000     1,620 10,620
12 Baluja Shoes Co., Mumbai            
  12 pairs of ladies chappals @ Rs 4,000 48,000          
    48,000          
  Less: Trade Discount @ 10% 4,800          
    43,200          
  Add: CGST 3,888          
  Add: SGST 3,888          
    50,976 43,200 3,888 3,888   50,976
      52,200 3,888 3,888 1,620 61,596

Dr.

Purchases Return A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Mar.5 By Kanpur Leather Private Ltd., Kanpur A/c   25,500
        Mar.20 By Bata Shoes Pvt. Ltd ., Mumbai A/c   42,500
Mar.31 To Balance C/d   68,000        
      68,000       68,000

 

Dr. Input CGST A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Mar.10 By Bata Shoes Pvt. Ltd ., Mumbai A/c   3,825
Mar.31 To Balance C/d   3,825        
      3,825       3,825

 

Dr. Input SGST A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Mar.10 By Bata Shoes Pvt. Ltd ., Mumbai A/c   3,825
Mar.31 To Balance C/d   3,825        
      3,825       3,825

 

Dr. Input IGST  A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Mar.5 By Kanpur Leather Private Ltd., Kanpur A/c   4,590
Mar.31 By Balance C/d   4,590        
      4,590       4,590

 

Dr. Kanpur Leather Private Ltd., Kanpur A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Mar.5 To Purchases Return A/c   25,500        
Mar.5 To Output IGST A/c   4,590        
        Mar. 31 By Balance C/d   30,090
      30,090       30,090

 

Dr. Bata Shores Pvt. Ltd., Mumbai A/c
Cr.  
Date Particulars
J.F. Amount Date Particulars
J.F. Amount  
2018       2018        
Mar.20 To Purchases Return A/c   42,500          
Mar.20 To Output IGST A/c   3,825          
Mar.20 To Output IGST A/c  

3,855

         
        Mar.31 By Balance c/d
  50,150  
      50,150       50,150  

 

Dr. Sale Return A/c
Cr.  
Date Particulars
J.F. Amount Date Particulars
J.F. Amount  
2018       2018        
Mar.5 To Mathur Bros., New Delhi A/c   9,000          
Mar.12 To Output IGST A/c   43,200          
        Mar.31 By Balance c/d
  52,200  
      52,200       52,200  

 

Dr. Output CGST Cr.  
Date Particulars
J.F. Amount Date Particulars
J.F. Amount  
2018       2018        
Mar.12 To Baluja Shoes Co., Mumbai A/c   3,888          
        Mar.31 By Balance c/d
  3,888  
      3,888       3,888  

 

Dr. Output SGST Cr.  
Date Particulars
J.F. Amount Date Particulars
J.F. Amount  
2018       2018        
Mar.12 To Baluja Shoes Co., Mumbai A/c   3,888          
        Mar.31 By Balance c/d
  3,888  
      3,888       3,888  

 

Dr. Output IGST Cr.  
Date Particulars
J.F. Amount Date Particulars
J.F. Amount  
2018       2018        
Mar.1 To Mathur Bros., New Delhi A/c   1,620          
        Mar.31 By Balance c/d
  1,620  
      1,620       1,620  

 

Dr. Mathur Bros., New Delhi A/c
Cr.  
Date Particulars
J.F. Amount Date Particulars
J.F. Amount  
2018       2018        
        Mar.1 By Sale Return A/c   9,000  
        Mar.1 By Output IGST A/c   1,620  
Mar.31 By Balance c/d
  10,620          
      10,620       10,160  

 

Dr. Baluja Shoes Co., Mumbai A/c
Cr.  
Date Particulars
J.F. Amount Date Particulars
J.F. Amount  
2018       2018        
        Mar.12 By Sale Retune A/c   43,200  
        Mar.12 By Output IGST A/c   3,888  
        Mar.12 By Output IGST A/c   3,888  
Mar.31 By Balance c/d
  50,976          
      50,976       50,976  

Baluja Shoes Co., Mumbai A/c

 

To understand more about cash book please check out following links: –

Sales Return Book | Subsidiary Books | Examples

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T.S. Grewals Double Entry Book Keeping - Question No 13 Chapter No 11 - T.S. Grewal 11 Class

T.S. Grewal’s Double Entry Book Keeping

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