Question No 05 Chapter No 8
Purchase Return Book
05. Write up Return Outward Book of Malthotra & Co., Bhiwani Haryana from the following transactions assuming CGST @ 6% and SGST @ 6% : –
| 2018 | |
| Aug.1 | 4 Returned to Saraswati House, Bhiwani 25 Chairs @ 1,800 per Chair, being not of specified quality. |
| Trade Discount 10% | |
| Aug.12 | 2 Sent back one Dining Table to Navneet Enterprise, Karnal Haryana for not being polished @ 10,000 and 20 Chairs @ 2,000 each |
| Aug.20 | Returned to Yadav & Co., Patiala Punjab, being not according to sample:- |
| 20 Chairs @ 1,500 each | |
| 2 Dressing Tables @ 7,500 each. | |
| Aug.28 | Allowance claimed from Navneet Enterprise, Ludhiana Punjab on account of a mistake in the invoice 5,000. |
The solution of Question No 05 Chapter No 8: –
| Purchases Return Book | |||||||
| Date | Particular | Detail | Cost |
Input CGST | Input SGST | Input ISGT |
Total |
| 2018 Aug. |
|||||||
| 4 | Saraswati House, Bhiwani | ||||||
| 25 Chairs @ Rs 1,800 per Chair | 40,000 | ||||||
| Less: 10% Trade Discount | 4,500 | ||||||
| 40,500 | |||||||
| Add: 6% CGST | 2,430 | ||||||
| Add: 6% SGST | 2,430 | ||||||
| 45,360 | 40,500 | 2,430 | 2,430 | 45,360 | |||
| 12 | Navneet Enterprise, Karnal Haryana | ||||||
| 1 Dining Table @ Rs10,000 | 10,000 | ||||||
| 20 Chairs @ Rs 2,000 each | 40,000 | ||||||
| 50,000 | |||||||
| Add: 6% CGST | 3,000 | ||||||
| Add: 6% SGST | 3,000 | ||||||
| 56,000 | 50,000 | 3,000 | 3,000 | 56,000 | |||
| 20 | Yadav & Co., Patiala Punjab | ||||||
| 20 Chairs @ 1,500 each | 30,000 | ||||||
| 2 Dressing Tables @ 7,500 each | 15,000 | ||||||
| 45,000 | |||||||
| Add: 12% IGST | 5,400 | ||||||
| 1,80,000 | 45,000 | 5,400 | 50,400 | ||||
| 28 | Navneet Enterprise, Ludhiana Punjab Mistake in the Invoice | 5,000 | |||||
| Add: 12% IGST | 600 | ||||||
| 5,600 | 5,000 | 600 | 5,600 | ||||
| 1,40,500 | 5,430 | 5,430 | 6,000 | 1,57,360 | |||
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D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution
- Chapter 1 Evolution of Accounting & Basic Accounting Terms
- Chapter 2 Accounting Equations
- Chapter 3 Meaning and Objectives of Accounting
- Chapter 4 Double Entry System
- Chapter 5 Books of Original Entry – Journal
- Chapter 6 Accounting for Goods and Service Tax (GST) (Coming soon)
- Chapter 7 Books of Original Entry – Cash Book (Coming soon)
- Chapter 8 Books of Original Entry – Special Purpose Subsidiary Books (Coming soon)
- Chapter 9 Ledger (Coming soon)
- Chapter 10 Trial Balance and Errors (Coming soon)
- Chapter 11 Bank Reconciliation Statement (Coming soon)
- Chapter 12 Depreciation (Coming soon)
- Chapter 13 Bills of Exchange (Coming soon)
- Chapter 14 Generally Accepted Accounting Principles(GAAP)
- Chapter 15 Bases of Accounting
- Chapter 16 Accounting Standards and International Financial Reporting Standard(IFRS) (Coming soon)
- Chapter 17 Capital and Revenue
- Chapter 18 Provisions and Reserves
- Chapter 19 Final Accounts (Coming soon)
- Chapter 20 Final Accounts – With Adjustments (Coming soon)
- Chapter 21 Errors and their Rectification (Coming soon)
- Chapter 22 Accounts from Incomplete Records – Single Entry System (Coming soon)
- Chapter 23 Accounts of Not-for-Profit Organisations (Coming soon)
- Chapter 24 Computerised Accounting System (Coming soon)
- Chapter 25 Introduction to Accounting Information System (Coming soon)
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