12. Prepare Returns Inward and Returns Outward Books of Manoj, Mumbai from the following transactions and post them in Ledger Accounts:
| 2024 | |
|---|---|
| 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., Kanpur: |
| 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% |
T.S.Grewal/2024 Edition/Practical Problems/Q-12
For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, Textbook for CBSE Class XI published by Sultan Chand & Sons Pvt. Ltd.
