Prepare a purchases return (journal) book from the following transactions for April 2017.

Rs

05

Returned goods to M/s Kartik Traders

1,200

10

Goods returned to Sahil Pvt. Ltd.

2,500

17

Goods returned to M/s Kohinoor Traders for list price Rs 2,000 less 10% trade discount.

28

Return outwards to M/s Handa Traders

550

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Solution

Purchases Return Book

Date

Name of Supplier

(Account to be debited)

Debit Note No.

L.F.

Amount

(₹)

2017

Apr. 05

M/s Kartik Traders

1,200

Apr. 10

Sahil Pvt. Ltd.

2,500

Apr. 17

M/s Kohinoor Trader

List Price

2,000

Less: 10% Trade discount

(200)

1,800

Apr. 28

M/s Handa Traders

550

Purchases Return Account

6,050

Note: As per the book total of Purchases Return Book is given as ₹6,150 however, the answer is coming out to be as ₹6,050

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Q. Prepare Return Inward Journal (Book) from the following transactions of M/s Bansal Electronics for July 2017:
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04	M/s Gupta Traders returned the goods	1,500
10	Goods returned from M/s Harish Traders	800
18	M/s Rahul Traders returned the goods not as per specifications	1,200
28	Goods returned from Sushil Traders	1,000

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$\begin{matrix} Rs 1 & Goods sold to Sachin & 5, 000 4 & Purchase from Kushal Traders & 2, 480 6 & Sold goods to Manish Traders & 2, 100 7 & Sachin returned goods & 600 8 & Return to Kushal Traders & 280 10 & Sold to Mukesh & 3, 300 14 & Purchased from Kunal Traders & 5, 200 15 & Furniture purchased from Tarun & 3, 200 17 & Bought from Naresh & 4, 060 20 & Return to Kunal Traders & 200 22 & Return to inwards from Mukesh & 250 24 & purchased goods from Kirit & Co for list price & 5, 700 less 10 % trade discount 25 & Sold to Shri Chand goods & 6, 600 less 5 % trade discount 26 & Sold to Ramesh Brothers & 4, 000 28 & Return outwards to Kirit & Co less % trade discount & 1, 000 28 & Ramesh Brothers returned goods & 500 \end{matrix}$

Enter the following transactions of M/s Ketan in Purchase Book, Sales Book, Purchase Returns Book and Sales Returns Book.

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Prepare Return Inwards Journal (Book) from the following transactions of M/s Bansal Electronics for November 2010

$\begin{matrix} (Rs.) 4 & Ms/ Gupta Traders returned the goods & 1, 500 10 & Goods returned from M/s Harish Traders & 800 18 & M/s Rahul Traders returned the goods not as per specifications & 1, 200 28 & Goods returned from Sushil Traders & 1, 000 \end{matrix}$

Record the following transactions in the sales return book.

Two water purifiers were sold to M/s Raman Traders for Rs 2,100 each, out of which one purifier was returned back due to the manufacturing defect (Credit Note No. 10/2016).

Other transactions were

$\begin{matrix} (i) M/s Gupta Traders returned the purifiers & 1, 500 (ii) Purifiers returned from M/s Harish Traders & 800 (iii) M/s Rahul Traders returned the purifiers not as per specifications & 1, 200 (iv) Purifiers returned from M/s Sushil Traders & 1, 000 \end{matrix}$

Also prepare sales return account and M/s Raman Traders account.

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		Rs
05	Returned goods to M/s Kartik Traders	1,200
10	Goods returned to Sahil Pvt. Ltd.	2,500
17	Goods returned to M/s Kohinoor Traders for list price Rs 2,000 less 10% trade discount.
28	Return outwards to M/s Handa Traders	550

Purchases Return Book
Date	Name of Supplier (Account to be debited)		Debit Note No.	L.F.	Amount (₹)
2017
Apr. 05	M/s Kartik Traders				1,200
Apr. 10	Sahil Pvt. Ltd.				2,500
Apr. 17	M/s Kohinoor Trader
	List Price	2,000
	Less: 10% Trade discount	(200)			1,800
Apr. 28	M/s Handa Traders				550

	Purchases Return Account				6,050