credited with the amount of returns and the sales return account be debited with the periodical total in the same way as is done in case of posting from the purchases journal. Raman Traders Account Sales Return , Sales Return Account Sundries , as per sales return book Illustration Enter the following transactions of M/s Hi-Life Fashions in purchases and purchases return book and post them to the ledger accounts for the month of September : Details Purchase of following goods on credit from M/s Ratna Traders, Sept. as per Invoice No. : Shirts @ Rs. per shirt Pants @ Rs. per pant Less % trade discount Sept. Purchase of following goods on credit from M/s Bombay Fashion House, as per Invoice No. ; Fancy Trousers @ Rs. per trouser Fancy Hat @ Rs. per hat Less % trade discount Sept. Goods returned to M/s Ratana Traders,as per debit note No. : shirts @ Rs. per shirt Pant @ Rs. per pant Less % trade discount Sept. Purchase of following goods on credit from M/s Zolta Fashions, as per Invoice No. : Jackets @ Rs. per jacket Plain shirts Rs. per shirts Less % trade discount. Sept. Purchase of following goods on credit from M/s Bride Palace, as per Invoice No. : Fancy Lengha @ Rs. , per lengha Less % trade discount. Sept. Goods returned to M/s Bombay Fashion House as per debit note No. : Fancy Trousers @ Rs. per trouser Fancy Hat @ Rs. per hat Less % trade discount. Sept. Goods returned to M/s Bride Palace as per debit note No. : Fancy Lengha @ Rs. , per lengha Less % trade discount. Solution Books of Hi-life Fashions Purchases (Journal) Book Invoice Name of the Supplier No. (Account to be credited) Sept. Ratana Traders , Sept. Bombay Fashion House , Sept. Zolta Fashions , Sept. Bride Palace , Sept. , Purchases Return (Journal) Book Invoice Name of the Supplier No. (Account to be
📖 generic · CBSE Class 11 English medium · ACCOUNTANCY · Page 34poem
credited with the amount of returns and the sales return account be debited
Chapter 4: Recording of Transactions-II · ACCOUNTANCY
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