# Question No 32 Chapter No 5 – USHA Publication 11 Class

Q-32 - CH-5 - USHA +1 Book 2020 - Solution

Question No 32 Chapter No 5

Return Of goods

32. Journalise the following transactions in the book of Laxman:

 2020 Mar. 1 Goods worth Rs 6,000 sold to Sehwag at trade discount of 5% Mar. 2 Sehwag returned one-third of the goods Mar. 7 Purchased goods worth Rs 8,000 from R.P Singh at a trade discount of 4% Mar. 8 Returned one-fourth of the goods to R.P. Singh Mar. 11 Purchased goods worth Rs 10,000 from Irfan at a trade discount of 5% and Sold the same to Dravid for Rs 15,000 Mar. 12 Dravid refined one-fifth of the goods, which in turn, in turn, returned to Irfan

### The solution of Question No 32 Chapter No 5: –

 In the Books of Laxman Date Particulars L.F. Debit Credit 2020 Mar.1 Sehwag A/c Dr. 5,400 To Sale A/c 5,400 (Being sold goods to Sehwag at the trade discount of 10%.) Mar.2 Sale return A/c Dr. 1,800 To Sehwag A/c 1,800 (Being Sehwag return goods .) Mar.7 Purchases A/c Dr. 7,840 To R.P. Singh A/c 7,840 (Being purchases goods from R.P. Singh ) Mar.8 R.P. Singh A/c Dr. 1,960 To Purchases return A/c 1,960 (Being purchases goods from R.P. Singh ) Mar.11 Purchases A/c Dr. 9,500 To Irfan A/c 9,500 (Being goods bought from Irfan) Mar.11 Sale return A/c Dr. 3,000 To Dravid A/c 3,000 (Being goods return by Dravid ) Mar.12 Irfan A/c Dr. 3,000 To Purchases return A/c 3,000 (Being goods return to Irfan )

How to make Journal Entries in Accounting – Explanation

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## 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)