difference between sales return and sales book
Answers
Answer:
the Sales Return Book is used to record the goods sold which are returned by the customers. However, the sales returns book is used to record only the goods which were earlier sold on the credit basis. A credit note is made to prepare each return of the goods and is prepared in duplicate.
Answer:
Enter the following transactions in the double Column Cash Book. (6 Marks)
2019
Jan 1
4 5
Details
Cash in hand
Cash at Bank
Sold Goods for Cash
Received from Suresh
Received a cheque from Ravi and deposited in the Bank
Rs.
4,000 12,000 13,200 2,500 6,400
Q.3 Mention whether the following statements are True/False, By giving reasons. (3 Marks) 1) Opening Entry is recorded in ‘Journal Proper ‘.
2) There is no difference between Purchase Book and Purchase A/C.
3) Credit notes are used to prepare Sales Return Book.
6 immediately
7 Salary Paid to office staff by Cheque
10 Paid Sudhir by Cheque
12 Paid for Travelling Expenses
15 Cash Purchases
16 Cash deposited in to Bank
20 Cash sales
Purchased Machinery and payment by Cash
7,600 5,000 1,200 8,000 10,000 15,100 6,800.
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