Question No 20 Chapter No 9
Purchases Return and Sale Return Book
20 prepare Return Inward and return Outward Books from the following transaction of Jasbir Associates, Kolkata:
| 2019 | |
| Mar.3 | Returned to Bata shoes Co., Gurdaspur |
| 50 pairs of Chappals @ Rs 42 per pair | |
| less- Tarde discount @ 20% | |
| Mar.10 | Guru Nanak & Co., Delhi return to us |
| 10 pairs of shoes @ Rs 120 per pair | |
| less- Trade discount @ 10% | |
| Mar.15 | Returned to Baluja & Co., Panipat |
| 20 pairs of ladies sandals @ Rs 36 per pair | |
| less – Tarde discount @15% | |
| Mar.22 | Partap Footwear Co., Lucknow, return to us |
| 50 pairs of shoes @ Rs 150 per pair | |
| less – Trade discount@5% | |
| Mar.27 | Manohar shoes Co., Ludhiana return to us |
| 20 pares of Chappals @ Rs 85 per pair | |
| Mar.31 | Returned to Liberty Footwear Co., Dehradun |
| Shoes wroth 1,200 |
The solution of Question No 20 Chapter No 9: –
| Purchases Return Book |
|||
| Date | Particular | Detail | Total |
| 2019 | |||
| Mar. 3 | Bata Shoe & Co., Gurdaspur | ||
| 50 pairs of Chappals @ Rs 42 per pair | 2,100 | ||
| Trade Discount 20% | 420 | ||
| 1,680 | 1,680 | ||
| Mar. 10 | Baluja & Co., Panipat | ||
| 20 pairs of ladders sandles @ Rs 36 per pair | 720 | ||
| Trade discount 15% | 108 | ||
| 612 | 612 | ||
| Mar. 31 | Liberty Footwear Co., Dehradun | ||
| Shoes worth Rs 1,200 | 1,200 | ||
| 1,200 | 1,200 | ||
| Total | 3,492 | ||
| Sale Return Book |
|||
| Date | Particular | Detail | Total |
| 2018 | |||
| Mar. 10 | Guru Nanak & Co., Delhi | ||
| 10 pairs of shoes @ Rs 120 per pair | 1,200 | ||
| Trade Discount 10% | 120 | ||
| 1,080 | 1,080 | ||
| Mar. 22 | Partap Footwear Co., Lucknow | ||
| 50 pairs of shoes@ Rs 150 per pair | 7,500 | ||
| Trade discount 5% | 375 | ||
| 7,125 | 7,125 | ||
| Mar. 27 | Manohar Shoes Co., Ludhiana | ||
| 20 pairs of Chappals @ Rs 85 per pair | 1,700 | ||
| 1,700 | 1,700 | ||
| Total | 9,905 | ||
Purchase Return Book | Subsidiary Books | Examples
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
Chapter No. 6 – Accounting for Goods and Services Tax(GST)
Chapter No. 9 – Other Subsidiary Books
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Chapter No. 10 – Journal Proper
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
Chapter No. 17 – Financial Statements – (Without Adjustments)