Prepare Returns Inward and Returns Outward Book of Manoj, Mumbai from the following transactions and post them in Ledger Accounts:
Prepare Returns Inward and Returns Outward Book of Manoj, Mumbai from the following transactions and post them in Ledger Accounts:
[Total of Returns Outward Book – ₹ 68,000; Returns Outward A/c (Cr.) – ₹ 68,000; Kanpur Leather Private Ltd.,
| 2022 March 1 | Mathur Bros., New Delhi, returned: 5 pairs of Shoes for being defective @ ₹ 2,000 per pair Less: Trade Discount 10% |
| March 5 | Returned to Kanpur Leather Private Ltd., Kanpure: 100 pairs of Chappals being not up to the approved sample. They were purchased @ ₹ 300 per pair Less: Trade Discount 15% |
| March 12 | Baluja Shoes Co., Mumbai returned 12 pairs of ladies chappals sold to them @ ₹ 4,000 per pair Less: Trade Discount 10% |
| March 20 | Returned to Bata Shoes Pvt. Ltd., Mumbai: 100 pairs B.S.C Canvas Shoes @ ₹ 500 per pair Less: Trade Discount 15% |
Anurag Pathak Changed status to publish September 22, 2023
Solution:-
In the Book of M/s Manoj, Mumbai
Return Outward Book
In the Book of M/s Manoj, Mumbai
Return Inward Book
Anurag Pathak Changed status to publish September 22, 2023
