Question

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

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

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

Answer 1

$\text{Sales Return Book}\begin{array}{cccccc}\text{Date}& \text{Particulars}& \text{Credit Note}& \text{LF}& \text{Details}& \text{Total Amt}\\ & & \text{No.}& & & \text{(Rs)}\\ & \text{Raman Traders}& 10/2016& & & \\ & \text{1 Water Purifier @ Rs 2,100 each}& & & & 2,100\\ & \text{M/s Gupta Traders}& & & & 1,500\\ & \text{M/s Harish Traders}& & & & 800\\ & \text{M/s Rahul Traders}& & & & 1,200\\ & \text{M/s Sushil Traders}& & & & 1,000\\ & \underset{–}{}& & & & \\ & \text{Sales Return A/c}\text{Dr}& & & & \overline{\underset{–}{\underset{–}{6,600}}}\end{array}$

$\text{Dr}\text{M/s Raman Traders Account}\text{Cr}\begin{array}{cccccccc}\text{Date}& \text{Particulars}& \text{JF}& \text{Amt}& \text{Date}& \text{Particulars}& \text{JF}& \text{Amt}\\ & & & & & \text{Sales Return A/c}& & 2,100\end{array}$

$\text{Dr}\text{Sales Return Account}\text{Cr}\begin{array}{cccccccc}\text{Date}& \text{Particulars}& \text{JF}& \text{Amt}& \text{Date}& \text{Particulars}& \text{JF}& \text{Amt}\\ & \text{Sundries as per Sales}& 6,600& & & & & \\ & \text{Return Book}& & & & & & \end{array}$