Question

16. 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.

Answer 1

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