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Question No 19 Chapter No 9
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19. Record the following transaction in the Sale Return book of Shammi & Co.,
| 2019 | |
| Apr.1 | Rishi & Co. returned (credit Note no. 501) |
| 12 Bad Sheets @ Rs 500 each | |
| 20 dozen Towels @ Rs 300 per dozen | |
| ( Original Invoice at 10% Trade discount, 9 % CGST and SGST) | |
| Apr.10 | Ranbir Traders returned ( credit note no 502) |
| 6 Blankets @ Rs 1,500 each | |
| 11 dozen Pillow Covers @ Rs 500 per dozen | |
| ( Original Invoice at 10% Trade discount, 18% IGST) | |
| Apr.14 | Randhir Enterprises return ( credit note no.503) |
| 10 dozen hand Towels @ Rs 50 per towels | |
| 16 Bedsheets @ Rs 400 each | |
| ( Original Invoice at 20% Trade discount, 9% CGST and SGST) |
The solution of Question No 19 Chapter No 9: –
| Sale Return Book | |||||||
| Date | Particular | Detail | Cost | Output CGST | Output SGST | Output ISGT | Total |
| 2018 | |||||||
| Apr. 1 | Rishi & Co., | ||||||
| 12 Bed Sheets @ Rs 500 each | 6,000 | ||||||
| 20 dozen towels @ Rs 300 per dozen | 6,000 | ||||||
| 12,000 | |||||||
| Less: Trade Discount @ 10% | 1,200 | ||||||
| 10,800 | |||||||
| Add: CGST | 972 | ||||||
| Add: SGST | 972 | ||||||
| 12,744 | 10,800 | 972 | 972 | 12,744 | |||
| Apr. 10 | Ranbir Traders | ||||||
| 6 Blankets @ Rs 1,500 each | 9,000 | ||||||
| 11 dozen pillow covers @ Rs 500 per dozen | 5,500 | ||||||
| 14,500 | |||||||
| Less: Trade Discount @10% | 1,450 | ||||||
| 13,050 | |||||||
| Add: IGST | 2,349 | ||||||
| 15,399 | 13,050 | 2,349 | 15,399 | ||||
| Apr.14 | Randhir Enterprises | ||||||
| 10 dozen Hand Towels @ Rs 50 per towels | 6,000 | ||||||
| 16 Bed Sheets @ Rs 400 each | 6,400 | ||||||
| 12,400 | |||||||
| Less: Trade Discount @15% | 1,860 | ||||||
| 10,540 | |||||||
| Add: CGST | 949 | ||||||
| Add: SGST | 949 | ||||||
| 41,888 | 10,540 | 949 | 949 | 12,438 | |||
| Total | 34,390 | 1,921 | 1,921 | 2,349 | 40,581 | ||
Sales Return Book | Subsidiary Books | Examples
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Also, Check out the solved question of all Chapters: –
Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution
Chapter No. 2 – Theory Base of Accounting
Chapter No. 3 – Origin of Transactions
Chapter No. 4 – Vouchers and transactions
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Chapter No. 6 – Accounting for Goods and Services Tax(GST)
Chapter No. 9 – Other Subsidiary Books
Chapter No. 10 – Journal Proper
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Chapter No. 11 – Trial Balance
Chapter No. 12 – Bank Reconciliation Statement
Chapter No. 14 – Provisions and Reserves
Chapter No. 15 – Bills of Exchange
Chapter No. 16 – Rectification of Errors
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Chapter No. 17 – Financial Statements – (Without Adjustments)
Chapter No. 18 – Financial Statements – (With Adjustments)
Chapter No. 3 – Vouchers and transactions
Chapter No. 4 – Journal
Chapter No. 5 – Ledger
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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
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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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