Prepare Returns Inward and Returns Outward Books from the following in the books of Modern Shoes- Kolkata -West Bengal- assuming CGST - 6-2018- nbsp-January 3-Returned to Bata Shoe Co- Kolkata- nbsp-50 pairs of Chappals being not up to the approved sample - - 600 per pair- nbsp-Less- Trade Discount 20-10-Guru Nanak amp- Co- Kolkata- returned to us - nbsp-10 pairs of Shoes- for being defective - - 1-200 per pair- nbsp-Less- Trade Discount 10-15-Returned to Baluja Shoe Co- Kolkata- nbsp-20 pairs of ladies chappals - - 500 per pair- nbsp-Less- 15-22-Partap Footwear Co- Patna -Bihar- returned to us - nbsp-50 pairs of Shoes - - 1-400 per pair- nbsp-Less- 5-27-Manoj Shoe Co- Kolkata- returned to us - nbsp-20 pairs of Sandals - - 1-000 per pair-31-Returned to Liberty Shoe Co- Ranchi -Jharkhand- defective shoes worth - 5-000-

nbsp; Returns Outward Book of Modern Shoes, Kolkata (West Bengal) nbsp; nbsp; nbsp; nbsp; Date Particulars De ...

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Byju's Answer

Standard VIII

Mathematics

Finding Discounts

Prepare Retur...

Question

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% :-

2018

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.

Open in App

Solution

Returns Outward Book of Modern Shoes, Kolkata (West Bengal)

Date Particulars Debit Note No. L.F. Details (₹) Purchases
Return
(₹) Input CGST
(₹) Input SGST
(₹) Input IGST
(₹) Total Amount
(₹)

2018

Jan. 03 Bata Shoe Co., Kolkata

50 pairs of Chappals @ Rs 600 per pair
30,000

Less: 20% Trade Discount
6,000

24,000

Add: 6% CGST 1,440

6% SGST 1,440

26,880 24,000 1,440 1,440 - 26,880

Jan. 15 Baluja Shoe Co., Kolkata

20 pairs of Ladies Chappals @ Rs 500 per pair
10,000

Less: 15% Trade Discount
1,500

8,500

Add: 6% CGST 510

6% SGST 510

9,520 8,500 510 510 - 9,520

Jan. 31 Liberty Shoe Co.,Ranchi (Jharkhand)

Defective Shoes 5,000

Add:12% IGST
600

5,600 5,000 - - 600 5,600

Jan. 31 37,500 1,950 1,950 600 42,000

Returns Inward Book of Modern Shoes, Kolkata (West Bengal)

Date Particulars Credit Note No. L.F. Details (₹) Sales Return (₹) Output CGST
(₹) Output SGST
(₹) Output IGST
(₹) Total Amount
(₹)

2017

Jan. 10 Guru Nanak & Co., Kolkata

10 pairs of Shoes @ Rs 1,200 per pair
12,000

Less: 10% Trade Discount
1,200

10,800

Add: 6% CGST 648

6% SGST 648

12,096 10,800 648 648 - 12,096

Jan. 22 Partap Footwear Co., Patna (Bihar)

50 pairs of Shoe @ Rs 1,400 per pair
70,000

Less: 5% Trade Discount
3,500

66,500

Add:12% IGST 7,980

74,480 66,500 - - 7,980 74,480

Jan. 27 Manoj Shoe Co., Kolkata

20 pairs of Sandals @ Rs 1,000 per pair 20,000

Add: 6% CGST 1,200

6% SGST
1,200

22,400 20,000 1,200 1,200 - 22,400

Jan. 31 97,300 1,848 1,848 7,980 1,08,976

Suggest Corrections

2017
Nov. 7	Returned to Sachdeva Furniture Store, Ahmedabad (Gujarat) :
	5 Chairs @ ₹ 2,000 each
	1 Table for ₹ 15,000
	Less: 10% Trade Discount
22	Returned 8 Chairs to India Furniture House, Jodhpur (Rajasthan) @ ₹ 1,500 each, being not of specified quality.
24	Returned one Dining Table to Arora & Co., Jaipur (Rajasthan) being not according to sample ₹ 50,000.
28	Allowance claimed from Delhi Furniture Shop, Ahmedabad (Gujarat) on account of mistake in the invoice ₹ 16,000.

2017
August 4	Returned to Saraswati House, Bhiwani 25 Chairs @ ₹ 1,800 per Chair, being not of specified quality.
	Trade Discount 10%
12	Sent back one Dining Table to Navneet Enterprise, Karnal (Haryana) for not being polished @ ₹ 10,000 and 20 Chairs @ ₹ 2,000 each.
20	Returned to Yadav & Co., Patiala (Punjab), being not according to sample :-
	20 Chairs @ ₹ 1,500 each.
	2 Dressing Tables @ ₹ 7,500 each.
28	Allowance claimed from Navneet Enterprise, Ludhiana (Punjab) on account of mistake in the invoice ₹ 5,000.

2017
June 5	Bought from Mohan Lal & Co., Kanpur (U.P) :-
	20 Godrej Chairs @ ₹ 2,000 each
	5 Godrej Tables @ ₹ 6,000 each
	Trade Discount 20%
10	Purchased from Bharat Bhushan & Sons, Varanasi (U.P) :-
	5 Almirahs @ ₹ 12,000 each
	2 Revolving Chairs @ ₹ 20,000 each
	Trade Discount 10%
14	Purchased from Surya Traders, Lucknow (U.P)
	80 Desks @ ₹ 2,500 each
	10 Sofa Sets @ ₹ 20,000 each
	Trade Discount @ 15%
20	Purchased for cash from Gopi Chand Haldi Ram, Delhi :-
	4 Tables @ ₹ 5,000 each
25	Bought Furniture for office use from New Furniture House, Faridabad on Credit :
	5 Chairs @ ₹ 2,500 per Chair.
	2 Tables @ ₹ 5,000 per Table.

2019
March 1	Mathur Bros., New Delhi, returned:
	5 pairs of Shoes for being defective @ ₹ 2,000 per pair
	Less: Trade Discount 10%, IGST was charged @ 18%
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%
	IGST was paid @ 18%
March 12	Baluja Shoes Co., Mumbai, returned 12 pairs of ladies chappals sold to them @ ₹ 4,000 per pair
	Less: Trade Discount 10%, CGST and SGST was charged @ 9% each
March 20	Returned to Bata Shoes Pvt Ltd., Mumbai:
	100 pairs B.S.C Canvas Shoes @ ₹ 500 per pair
	Less: Trade Discount 15%
	CGST and SGST was paid @ 9% each

October 3	Chakravarti & Co. Jaipur (Rajasthan), returned to us being not according to sample :-
	50 Metre Cotton Cloth @ ₹ 200 per Metre
	30 Metre Silk Cloth @ ₹ 500 per Metre
	Trade Discount 20%
12	Narain Rai & Co. Indore (M.P.), returned being not up to the approved sample :-
	25 Metre woollen cloth @ ₹ 400 per Metre
20	Goods sold to Janaki Das Sita Ram, New Delhi now returned by them, being defective valued at ₹ 8,000.
28	Allowance allowed to Kesari Lal & Sons, Sadar Bazar, New Delhi on account of a mistake in the invoice ₹ 3,000.

2018
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.

Returns Outward Book of Modern Shoes, Kolkata (West Bengal)
Date	Particulars	Debit Note No.	L.F.	Details (₹)	Purchases Return (₹)	Input CGST (₹)	Input SGST (₹)	Input IGST (₹)	Total Amount (₹)
2018
Jan. 03	Bata Shoe Co., Kolkata
	50 pairs of Chappals @ Rs 600 per pair			30,000
	Less: 20% Trade Discount			6,000
				24,000
	Add: 6% CGST			1,440
	6% SGST			1,440
				26,880	24,000	1,440	1,440	-	26,880

Jan. 15	Baluja Shoe Co., Kolkata
	20 pairs of Ladies Chappals @ Rs 500 per pair			10,000
	Less: 15% Trade Discount			1,500
				8,500
	Add: 6% CGST			510
	6% SGST			510
				9,520	8,500	510	510	-	9,520

Jan. 31	Liberty Shoe Co.,Ranchi (Jharkhand)
	Defective Shoes			5,000
	Add:12% IGST			600
				5,600	5,000	-	-	600	5,600
Jan. 31					37,500	1,950	1,950	600	42,000

Returns Inward Book of Modern Shoes, Kolkata (West Bengal)
Date	Particulars	Credit Note No.	L.F.	Details (₹)	Sales Return (₹)	Output CGST (₹)	Output SGST (₹)	Output IGST (₹)	Total Amount (₹)
2017
Jan. 10	Guru Nanak & Co., Kolkata
	10 pairs of Shoes @ Rs 1,200 per pair			12,000
	Less: 10% Trade Discount			1,200
				10,800
	Add: 6% CGST			648
	6% SGST			648
				12,096	10,800	648	648	-	12,096

Jan. 22	Partap Footwear Co., Patna (Bihar)
	50 pairs of Shoe @ Rs 1,400 per pair			70,000
	Less: 5% Trade Discount			3,500
				66,500
	Add:12% IGST			7,980
				74,480	66,500	-	-	7,980	74,480

Jan. 27	Manoj Shoe Co., Kolkata
	20 pairs of Sandals @ Rs 1,000 per pair			20,000
	Add: 6% CGST			1,200
	6% SGST			1,200
				22,400	20,000	1,200	1,200	-	22,400
Jan. 31					97,300	1,848	1,848	7,980	1,08,976