Question No 15 Chapter No 9 - USHA Publication 11 Class

Question No 15 Chapter No 9

Table of Contents

The solution of Question No 15 Chapter No 9: –

Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution

15. Record the following transactions in the Returns outward Book of Ahuja Traders, Maharashtra and post the same into the ledger ( all purchases were made at 6% CGST and GST )

2018
Nov.8	Return to Broadways Co., Mumbai
	10 shits @ Rs 500 each
	5 baby frocks @ Rs 100 each
	Size not according to order
	(original invoice subject to 10% Tared discount )
Nov.15	Returned to Liberty Traders, Mumbai
	5 shirts @ SR 400 each
	2 dozen socks @ Rs 500 per dozen
	Colour not as ordered(Original Invoice subject to 20% trade discount)
Nov.20	Returned to Wings Garment Co., Nagpur
	10 trousers @ Rs 800 each, Poor quality
	(Original invoice subject to 10% trade discount)
Nov.28	Returned to Novelty Stores, Nagpur
	20 Terrilyn Shirts @ Rs 600 each
	2 Woollen suits @ Rs 1,000 each
	received in excess of the quantity ordered
	(Original invoice subject to 30% Trade discount )

The solution of Question No 15 Chapter No 9: –


Date	Particular	Detail	Cost	Input CGST	Input SGST	Input ISGT	Total
2018
Nov. 8	Broadways Co., Mumbai
	10 shirts @ Rs 500 each	5,000
	5 baby frocks @ Rs 100 each	500
		5,500
	Less: Trade Discount @ 10%	550
		4,950
	Add: CGST	297
	Add: SGST	297
		5,544	4,950	297	297		5,544

Nov. 15	Liberty Traders, Mumbai
	5 Shirts @ Rs 400 each	2,000
	2 dozen socks @ RS 500 per dozen	1,000
		3,000
	Less: Trade Discount @20%	600
		2,400
	Add: CGST	144
	Add: CGST	144
		2,688	2,400	144	144		2,688

Nov.20	Wings Garment Co., Nagpur
	10 trousers @ Rs 800 each	8,000
		8,000
	Less: Trade Discount @10%	800
		7,200
	Add: CGST	432
	Add: SGST	432
		8,064	7,200	432	432		8,064

Nov. 27	Novelty stories, Nagpur
	20 tersely Shirts @ Rs 600 each	12,000
	2 woolen Suits @ RS 1,000 each	2,000
		14,000
	Less: Trade Discount @30%	4,200
		9,800
	Add: CGST	588
	Add: SGST	588
		10,976	9,800	588	588		10,976
	Total		24,350	1,461	1,461		27,272