Question

18. Prepare Returns Inward and Return Outward Books of Manoj,
Mumbai from the following transactions and post them in Ledger
accounts.
2020
March 1 Mathur Bros. New Delhi returned:
5 pairs of shoes for being defective @ Rs.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 @ Rs.300 per pair
Less: Trade Discount 15%
March 12 Baluja Shoes Co. Mumbai returned 12 pairs of ladies
Chappals sold to them @ Rs.4,000 per pair.
Less: Trade Discount 10%
March 20 Returned to Bata Shoes Pvt Ltd. Mumbai:
100 pairs B.S.C Canvas shoes @ Rs.500 per pair
Less: Trade Discount 15%
[6]

Answer 1

Explanation:

it have two answer one is inward &second is outward returns