Question No 15 Chapter No 9 – USHA Publication 11 Class

Question No 15 Chapter No 9

Question No 15 Chapter No 9

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

 

Dr. Broadways, Mumbai A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2019       2019      
Nov. 8 To Return outwards   4,950        
           

 

Dr. Victor & Co., A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2019       2019      
Nov.15 To Return outwards   2,400        
           

 

Dr. Surjeet & Co., A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2019       2019      
Nov.20 To Return outwards   9,800        
           

 

Dr. Return Outwards A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2019       2019      
        Nov. 30 By sundries   24,350
           

 

Dr. Output CGST A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2019       2019      
        Nov. 30 By sundries   1,461
           

 

Dr. Output SGST A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2019       2019      
        Nov. 30 By sundries   1,461
           

 

Purchase Return Book | Subsidiary Books | Examples

Also, Check out the solved question of all Chapters: –

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

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Origin of Transactions

Chapter No. 4 – Vouchers and transactions

Chapter No. 5 – Journal

Chapter No. 6 – Accounting for Goods and Services Tax(GST)

Chapter No. 7 – Ledger

Chapter No. 8 – Cash Book

Chapter No. 9 – Other Subsidiary Books

Chapter No. 10 – Journal Proper

Chapter No. 11 – Trial Balance

Chapter No. 12 – Bank Reconciliation Statement

Chapter No. 13 – Depreciation

Chapter No. 14 – Provisions and Reserves 

Chapter No. 15 – Bills of Exchange

Chapter No. 16 – Rectification of Errors 

Chapter No. 17 – Financial Statements – (Without Adjustments)

Chapter No. 18 – Financial Statements – (With Adjustments)

 

Leave a Reply