Question No 16 Chapter No 9 – USHA Publication 11 Class

Question No 16 Chapter No 9

Question No 16 Chapter No 9

16. Enter the following transaction of Baljit Kaur of Uttar Pradesh in the purchases Return Book and post them into ledger account.

2019  
Feb.2 Return to Hemant & Co., Agra
  150 markers @ Rs 40 per piece
  80 gum bottles @ Rs 75 per bottle
  ( Original invoice at Trade discount5%, CGST and SGST 6%)
Feb.11 Return to Anwar Hussain & Bros., Kanpur
  90 pen stands @ Rs 120 each
  750 file cover @ Rs 12 each
  ( Original invoice at Trade discount 10% and 12% IGST)
Feb.18 Returned to Mehboob & Associates, New Delhi
  120 boxes gel pens @ RSs80 per box
  80 boxes of HB pencils @ Rs 20
  (Original invoice at Tarde discount 10% CGST and SGST 6%)
Feb.27 Returned to Razia & Sisters, Hyderabad
  200 paper rims @ RS 170 per rim
  160 boxes clip pins @ RS 10 per box
  ( Original invoice Trade discount 10%, 12% IGST )

 

The solution of Question No 16 Chapter No 9: –

 

   
Date Particular Detail Cost
Input CGST Input SGST  Input
ISGT
 
Total
2018

             
Feb. 1 Hemant & Co., Agra            
  150 Markers @ Rs 40 per piece 6,000          
  80 gum bottles @ Rs 75 per bottles 6,000          
    12,000          
  Less: Trade Discount @ 5% 600          
    11,400          
  Add: CGST 684          
  Add: SGST 684          
    12,768 11,400 684 684   12,768
               
Feb. 10 Anwar Hussain & Bros., Kanpur            
  90 pen stands @ Rs 120 each 10,800          
  750 file covers @ Rs 12 each 9,000          
    19,800          
  Less: Trade Discount @10% 1,980          
    17,820          
  Add: IGST 2,128          
    19,948 17,820     2,128 19,948
               
Feb. 18 Mehboob and Associates, New Delhi            
  120 boxes gel pen @ Rs 75 each 9,000          
  80 boxes of HB pencils @ Rs 20 each 1,600          
    10,600          
  Less: Trade Discount @10% 1,060          
    9,540          
  Add: CGST 572          
  Add: SGST 572          
    10,684 9,540 572 572   10,684
               
Feb. 25 Razia & Sister, Hyderabad            
  200 paper rims @ Rs 175 per rim 35,000          
  1,500 boxes Clip pins @ Rs 10 per box 15,000          
    50,000          
  Less: Trade Discount @10% 5,000          
    45,000          
  Add: IGST 5,400          
    10,976 45,000     5,400 50,400
  Total   83,760 1,256 1,256 7,528 93,800

 

Dr. Hemant & Co., Agra A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2019       2019      
Feb. 1 To Return outwards   11,400        
           

 

Dr. Anwar Hussain and Bros., A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2019       2019      
Feb. 10 To Return outwards   17,820        
           

 

Dr. Mehboob & Associates, Kanpur A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2019       2019      
Feb. 18 To Return outwards   9,540        
           

 

Dr. Razia & Sisters, Hyderabad A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2019       2019      
Feb. 25 To Return outwards   45,000        
           

 

Dr. Return Outwards A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2019       2019      
        Feb. 28 By sundries   83,760
           

 

Dr. Output CGST A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2019       2019      
        Feb. 28 By sundries   1,256
           

 

Dr. Output SGST A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2019       2019      
        Feb. 28 By sundries   1,256
           

 

Dr. Output IGST A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2019       2019      
        Feb. 28 By sundries   7,528
           

 

 

Purchase Return Book | Subsidiary Books | Examples

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

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Vouchers and transactions

Chapter No. 4 – Journal

Chapter No. 5 – Ledger

Chapter No. 6 – Cash Book

Chapter No. 7 – Other Subsidiary Books

Chapter No. 8 – Journal Proper

Chapter No. 9 – Trial Balance 

Chapter No. 10 – Bank Reconciliation Statement

Chapter No. 11 – Depreciation

Chapter No. 12 – Provisions and Reserves 

Chapter No. 13 – Bills of Exchange

Chapter No. 14 – Rectification of Errors 

Chapter No. 15 – Financial Statements – (Without Adjustments)

Chapter No. 16 – Financial Statements – (With Adjustments)

 

 

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