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

22 Returned 8 Chairs to India Furniture House, Jodhpur (Rajasthan) @ ₹ 1,500 each, being not of specified quality.

24 Returned one Dining Table to Arora & Co., Jaipur (Rajasthan) being not according to sample ₹ 50,000.

28 Allowance claimed from Delhi Furniture Shop, Ahmedabad (Gujarat) on account of mistake in the invoice ₹ 16,000.

Open in App

Solution

Purchases Return Book of Modern Furniture House, Udaipur (Rajasthan)

Date Particulars Debit Note No. L.F. Details (₹) Purchases Return
(₹) Input CGST
(₹) Input SGST
(₹) Input IGST
(₹) Total Amount
(₹)

2017

Nov. 07 Sachdeva Furniture Store, Ahemdabad (Gujarat)

5 Chairs @ 2,000 each 10,000

1 Table for Rs 15,000 15,000

25,000

Less: 10% Trade Discount 2,500

22,500

Add: 12% IGST 2,700

25,200 22,500 – – 2,700 25,200

Nov. 22 India Furniture House, Jodhpur (Rajasthan)

8 Chairs @ Rs 1,500 per Chair 12,000

Add: 6% CGST 720

6% SGST 720

13,440 12,000 720 720 – 13,440

Nov. 24 Arora & Co, Jaipur (Rajasthan)

1 Dining Tables @ Rs 50,000 each 50,000

Add: 6% CGST 3,000

6% SGST 3,000

56,000 50,000 3,000 3,000 – 56,000

Nov. 28 Delhi Furniture Shop, Ahemdabad (Gujarat) 16,000

Add: 12% IGST 1,920

17,920 16,000 – – 1,920 17,920

Nov. 30 1,00,500 3,720 3,720 4,620 1,12,560

Purchases Return Account

Dr. Cr.

Date Particulars J.F. Amount (₹) Date Particulars J.F. Amount (₹)

2017

Nov. 30 Sundries as per Purchases Return Book 1,00,500

India Furniture House Account

Dr. Cr.

Date Particulars J.F. Amount (₹) Date Particulars J.F. Amount (₹)

2017

Nov. 22 Purchases Return A/c 12,000

Nov. 22 Input CGST A/c 720

Nov. 22 Input SGST A/c 720

Delhi Furniture Shop Account

Dr. Cr.

Date Particulars J.F. Amount (₹) Date Particulars J.F. Amount (₹)

2017

Nov. 28 Purchases Return A/c 16,000

Nov. 28 Input IGST 1,920

Sachdeva Furniture Store Account

Dr. Cr.

Date Particulars J.F. Amount (₹) Date Particulars J.F. Amount (₹)

2017

Nov. 07 Purchases Return A/c 22,500

Nov. 07 Input IGST 2,700

Arora & Co. Account

Dr. Cr.

Date Particulars J.F. Amount (₹) Date Particulars J.F. Amount (₹)

2017

Nov. 24 Purchases Return A/c 50,000

Nov. 24 Input CGST A/c 3,000

Nov. 24 Input SGST A/c 3,000

Suggest Corrections

Similar questions

Q. Record the following transaction in the Purchases Book of Modern Furniture House, New Delhi assuming CGST @ 6% and SGST @ 6% and post it into Ledger:

2017
Nov. 3	Purchased goods from Sachdeva Furniture Store, New Delhi :
	50 Chairs @ ₹ 2,000 each
	5 Tables @ ₹ 10,000 each
	Less: 10% Trade Discount
10	Purchased furniture from Mahadeva & Co., Jaipur (Rajasthan) valued ₹ 2,00,000, less $12 \frac{1}{2}$ % Trade Discount.
18	Purchased furniture from Fashion Furniture House, Chandigarh of the list price of ₹ 2,50,000, less 15%.
20	Purchased from India Furniture House, New Delhi :
	100 Chairs @ ₹ 1,800 each
25	Purchased from Mohan Lal & Sons furniture of the value of ₹ 20,000 for cash.

Q. Prepare a Purchase Book in the books of M/s Modern Furniture House, Lucknow (U.P) from the following transactions assuming CGST @ 6% and SGST @ 6% :-

2017
June 5	Bought from Mohan Lal & Co., Kanpur (U.P) :-
	20 Godrej Chairs @ ₹ 2,000 each
	5 Godrej Tables @ ₹ 6,000 each
	Trade Discount 20%
10	Purchased from Bharat Bhushan & Sons, Varanasi (U.P) :-
	5 Almirahs @ ₹ 12,000 each
	2 Revolving Chairs @ ₹ 20,000 each
	Trade Discount 10%
14	Purchased from Surya Traders, Lucknow (U.P)
	80 Desks @ ₹ 2,500 each
	10 Sofa Sets @ ₹ 20,000 each
	Trade Discount @ 15%
20	Purchased for cash from Gopi Chand Haldi Ram, Delhi :-
	4 Tables @ ₹ 5,000 each
25	Bought Furniture for office use from New Furniture House, Faridabad on Credit :
	5 Chairs @ ₹ 2,500 per Chair.
	2 Tables @ ₹ 5,000 per Table.

Q. Record the following transactions in the Sales Book of Ganesh & Co. of Jaipur (Rajasthan), who deal in Furniture. Assume CGST @ 6% and SGST @ 6% :-

2017
June 4	Sold to Gupta Furniture House, Agra (U.P.) :-
	120 Chairs @ ₹ 2,500 per Chair
	25 Tables @ ₹ 8,000 per Table
	Less: 5%
8	Sold to Raja Furniture House, Ahmedabad (Gujarat) :-
	8 Almirahs @ ₹ 15,000 each
	9 Steel Cabinets @ ₹ 20,000 each
	Less: Trade discount of 10%
12	Sold old Computer for ₹ 1,500 to Mohan & Co. on Credit.
20	Sold 4 Sofa sets @ ₹ 25,000 each to Varun & Co. for cash
25	Sold to New Furniture House, Jaipur:-
	5 Sofa sets @ ₹ 20,000 each
	10 Tables @ ₹ 8,000 each
28	Purchased from Ram Lal & Co. Jaipur on credit :-
	50 chairs @ ₹ 2,000 each

Q. Write up Return Outward Book of Malthotra & Co., Bhiwani (Haryana) from the following transactions assuming CGST @ 6% and SGST @ 6% : -

2017
August 4	Returned to Saraswati House, Bhiwani 25 Chairs @ ₹ 1,800 per Chair, being not of specified quality.
	Trade Discount 10%
12	Sent back one Dining Table to Navneet Enterprise, Karnal (Haryana) for not being polished @ ₹ 10,000 and 20 Chairs @ ₹ 2,000 each.
20	Returned to Yadav & Co., Patiala (Punjab), being not according to sample :-
	20 Chairs @ ₹ 1,500 each.
	2 Dressing Tables @ ₹ 7,500 each.
28	Allowance claimed from Navneet Enterprise, Ludhiana (Punjab) on account of mistake in the invoice ₹ 5,000.

Q. Prepare Returns Inward and Returns Outward Books from the following in the books of Modern Shoes, Kolkata (West Bengal) assuming CGST @ 6% and SGST @ 6% :-

2018
January 3	Returned to Bata Shoe Co., Kolkata
	50 pairs of Chappals being not up to the approved sample @ ₹ 600 per pair
	Less: Trade Discount 20%
10	Guru Nanak & Co., Kolkata, returned to us :-
	10 pairs of Shoes, for being defective @ ₹ 1,200 per pair
	Less: Trade Discount 10%
15	Returned to Baluja Shoe Co., Kolkata
	20 pairs of ladies chappals @ ₹ 500 per pair
	Less: 15%
22	Partap Footwear Co., Patna (Bihar), returned to us :-
	50 pairs of Shoes @ ₹ 1,400 per pair
	Less: 5%
27	Manoj Shoe Co., Kolkata, returned to us :-
	20 pairs of Sandals @ ₹ 1,000 per pair
31	Returned to Liberty Shoe Co., Ranchi (Jharkhand) defective shoes worth ₹ 5,000.

Join BYJU'S Learning Program

Purchases Return Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
				2017
				Nov. 30	Sundries as per Purchases Return Book		1,00,500

India Furniture House Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017
Nov. 22	Purchases Return A/c		12,000
Nov. 22	Input CGST A/c		720
Nov. 22	Input SGST A/c		720

Delhi Furniture Shop Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017
Nov. 28	Purchases Return A/c		16,000
Nov. 28	Input IGST		1,920

Sachdeva Furniture Store Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017
Nov. 07	Purchases Return A/c		22,500
Nov. 07	Input IGST		2,700

Arora & Co. Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017
Nov. 24	Purchases Return A/c		50,000
Nov. 24	Input CGST A/c		3,000
Nov. 24	Input SGST A/c		3,000

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

Purchases Return Book of Modern Furniture House, Udaipur (Rajasthan)
Date	Particulars	Debit Note No.	L.F.	Details (₹)	Purchases Return (₹)	Input CGST (₹)	Input SGST (₹)	Input IGST (₹)	Total Amount (₹)
2017
Nov. 07	Sachdeva Furniture Store, Ahemdabad (Gujarat)
	5 Chairs @ 2,000 each			10,000
	1 Table for Rs 15,000			15,000
				25,000
	Less: 10% Trade Discount			2,500
				22,500
	Add: 12% IGST			2,700
				25,200	22,500	–	–	2,700	25,200

Nov. 22	India Furniture House, Jodhpur (Rajasthan)
	8 Chairs @ Rs 1,500 per Chair			12,000
	Add: 6% CGST			720
	6% SGST			720
				13,440	12,000	720	720	–	13,440
Nov. 24	Arora & Co, Jaipur (Rajasthan)
	1 Dining Tables @ Rs 50,000 each			50,000
	Add: 6% CGST			3,000
	6% SGST			3,000
				56,000	50,000	3,000	3,000	–	56,000

Nov. 28	Delhi Furniture Shop, Ahemdabad (Gujarat)			16,000
	Add: 12% IGST			1,920
				17,920	16,000	–	–	1,920	17,920
Nov. 30					1,00,500	3,720	3,720	4,620	1,12,560