Question No 06 Chapter No 8
Purchase Return Book
06. Enter the following transactions in the Returns Inward Book of Anand Cloth House, Ajmal Khan Road, Mathura U.P. assuming CGST @ 2.5% and SGST @ 2.5% :-
| 2018 | |
| Oct.3 | Chakravarti & Co. Jaipur Rajasthan , returned to us being not according to sample :- |
| 50 Metre Cotton Cloth @ 200 per Metre | |
| 30 Metre Silk Cloth @ 500 per Metre | |
| Trade Discount 20% | |
| Oct.12 | 2 Narain Rai & Co. Indore M.P. , returned being not up to the approved sample :- |
| 25 Metre woollen cloth @ 400 per Metre | |
| Oct.20 | Goods sold to Janaki Das Sita Ram, Agra U.P. now returned by them, being defective valued at 8,000 |
| Oct.28 | Allowance allowed to Kesari Lal & Sons, Sadar Bazar, Prayagraj U.P. on account of a mistake in the invoice 3,000. |
The solution of Question No 06 Chapter No 8: –
| Purchases Return Book | |||||||
| Date | Particular | Detail | Cost |
Input CGST | Input SGST | Input ISGT |
Total |
| 2018 Oct. |
|||||||
| 3 | Chakravarti & Co., Jaipur Rajasthan | ||||||
| 50 metre Cotton Cloth @ Rs 200 per metre | 10,000 | ||||||
| 30 metre Silk Cloth @ Rs 500 per metre | 15,000 | ||||||
| 25,000 | |||||||
| Less: 20% Trade Discount | 5,000 | ||||||
| 20,000 | |||||||
| Add: 5% IGST | 1,000 | ||||||
| 21,000 | 20,000 | 1,000 | 21,000 | ||||
| 12 | Narain Rai & Co., Indore MP | ||||||
| 25 metre Woolen Cloth @ Rs 400 per metre | 10,000 | ||||||
| Add: 5% IGST | 500 | ||||||
| 10,500 | 10,000 | 500 | 10,500 | ||||
| 20 | Janaki Dass Sita Ram, Agra U.P. | ||||||
| Defective Goods | 8,000 | ||||||
| Add: 2.5% CGST | 200 | ||||||
| Add: 2.5% SGST | 200 | ||||||
| 8,400 | 8,000 | 200 | 200 | 8,400 | |||
| 28 | Kesari Lal & Sons, Sadar Bazar, Prayagraj U.P. | ||||||
| Mistake in the Invoice | 3,000 | ||||||
| Add: 2.5% CGST | 75 | ||||||
| Add: 2.5% CGST | 75 | ||||||
| 3,150 | 3,000 | 75 | 75 | 3,150 | |||
| 41,000 | 275 | 275 | 1,500 | 43,050 | |||
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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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