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.1Mathur 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.5Return 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.12Baluja 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.20Returned 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 
DateParticularDetailCost
Input CGSTInput SGST Input
ISGT
 
Total
2018
Mar.
       
5Kanpur Leather Private Ltd., Kanpur :      
 100 pairs of Chappals @ Rs 30030,000     
  30,000     
 Less: Trade Discount 15%4,500     
  25,500     
 Add: IGST4,590     
  30,09025,500  4,59030,090
20Bata Shoes Pvt. Ltd., Mumbai:      
 100 pair B.S.C. Canvas Shoes @ Rs 500 per pair50,000     
  50,000     
 Less: Trade Discount @ 10%7,500     
  42,500     
 Add: CGST3,825     
 Add: SGST3,825     
  50,15042,5003,8253,825 50,150
   68,0003,8253,8254,59080,240

 

 Sale Return Book 
DateParticularDetailCost
Output CGSTOutput SGST Output
ISGT
 
Total
2018
Mar.
       
1Mathur Bros., New Delhi, Returned :      
 5 pairs of Shoes @ Rs 2,0000 per pair10,000     
  10,000     
 Less: Trade Discount 10%1,000     
  9,000     
 Add: IGST1,620     
  10,6209,000  1,62010,620
12Baluja Shoes Co., Mumbai      
 12 pairs of ladies chappals @ Rs 4,00048,000     
  48,000     
 Less: Trade Discount @ 10%4,800     
  43,200     
 Add: CGST3,888     
 Add: SGST3,888     
  50,97643,2003,8883,888 50,976
   52,2003,8883,8881,62061,596

Dr.

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

 

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

 

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

 

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

 

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

 

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

3,855

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

 

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

 

Dr.Output CGSTCr. 
DateParticulars
J.F.AmountDateParticulars
J.F.Amount 
2018   2018    
Mar.12To Baluja Shoes Co., Mumbai A/c 3,888     
    Mar.31By Balance c/d
 3,888 
   3,888   3,888 

 

Dr.Output SGSTCr. 
DateParticulars
J.F.AmountDateParticulars
J.F.Amount 
2018   2018    
Mar.12To Baluja Shoes Co., Mumbai A/c 3,888     
    Mar.31By Balance c/d
 3,888 
   3,888   3,888 

 

Dr.Output IGSTCr. 
DateParticulars
J.F.AmountDateParticulars
J.F.Amount 
2018   2018    
Mar.1To Mathur Bros., New Delhi A/c 1,620     
    Mar.31By Balance c/d
 1,620 
   1,620   1,620 

 

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

 

Dr.Baluja Shoes Co., Mumbai A/c
Cr. 
DateParticulars
J.F.AmountDateParticulars
J.F.Amount 
2018   2018    
    Mar.12By Sale Retune A/c 43,200 
    Mar.12By Output IGST A/c 3,888 
    Mar.12By Output IGST A/c 3,888 
Mar.31By 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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Also, Check out the solved question of previous Chapters: –

Check out T.S. Grewal +1 Book 2019 @ Official Website of Sultan Chand Publication

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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