Question No 11 Chapter No 9 – D.K Goal 11 Class

Question No 11 Chapter No 9

11. Enter the following transactions in Return Outward Book of Modern Furniture House, Udaipur Rajasthan assuming CGST @ 6% and SGST @ 6% and post it into Ledger:-

2017
Nov.7	Returned to Sachdeva Furniture Store, Ahmedabad Gujarat :
	5 Chairs @ 2,000 each
	1 Table for 15,000
	Less: 10% Trade Discount
Nov.22	Returned 8 Chairs to India Furniture House, Jodhpur Rajasthan @ 1,500 each, being not of specified quality.
Nov.24	Returned one Dining Table to Arora & Co., Jaipur Rajasthan being not according to sample 50,000.
Nov.28	Allowance claimed from Delhi Furniture Shop, Ahmedabad Gujarat on account of mistake in the invoice 16,000.

The solution of Question No 11 Chapter No 9: –

Return Outwards Book
Date	Particular	Detail	Cost	Output CGST	Output SGST	Output ISGT	Total
2018 Nov.
7	Sachdeva Furniture Store, Ahmedabad Gujarat	2,00,000
	5 Chairs @ 2,000 each	10,000
	1 Table for Rs 15,000	15,000
		25,000
	Add: 9% CGST	2,500
	Add: 9% SGST	2,700
		25,200	22,500			2,700	25,200
22	India Furniture House, Jodhpur Rajasthan
	8 Chairs @ Rs 1,500 per Chair	12,000
	Add: 6% CGST	720
	Add: 6% SGST	720
		13,440	12,000	720	720		13,440
24	Arora & Co, Jaipur Rajasthan	50,000
	1 Dining Tables @ Rs 50,000 each
	Add: 6% CGST	3,000
	Add: 6% SGST	3,000
		56,000	50,000	3,000	3,000	12,750	56,000
28	Delhi Furniture Shop, Ahmedabad Gujarat	16,000
	Add: 12% IGST	1,920
		17,920	16,000			1,920	17,920
			1,00,500	3,720	3,720	4,620	1,12,560

Dr.	Purchases Return A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Nov.30	To Sundries as per Purchases Return Book		1,00,500

Dr.	India Furniture House A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Nov.22	By Purchases Return A/c		12,000
Nov.22	By Input CGST A/c		720
Nov.22	By Input CGST A/c		720

Dr.	Delhi Furniture Shop A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Nov.28	By Purchases Return A/c		16,000
Nov.28	By Input IGST A/c		1,920

Dr.	Sachdeva Furniture Store Shop A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Nov.07	By Purchases Return A/c		22,500
Nov.07	By Input IGST A/c		2,700

Dr.	Arora & Co A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Nov.24	By Purchases Return A/c		50,000
Nov.24	By Input CGST A/c		3,000
Nov.24	By Input CGST A/c		3,000

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Also, Check out the solved question of all Chapters: –

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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