7. 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%
2023 | |
---|---|
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. |
D.K.Goel/2024 Edition/Practical Questions/Q-07
For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal Publishing Company