Question

Enter the following transactions in Return Inward Book of M/s Kanitkar &
O of Mumbai (Maharashtra) assuming CGST @ 2.5% and SGST @ 2.5% and post it into ledger .....
1 jan 5 Goods returned to us by Giriraj & Co., Pune (Maharashtra) jiworth 40,000, less 10% trade discount.
2 jan 10 Shah Brothers, Jaipur (Rajasthan) returned goods, being not according to sample
(30,000.
3 jan 16 Allowance claimed by Jai Singh & Co., Mathura (U.P) on account of a mistake in
the invoice 10,000.
4 jan 20 Goods returned by Gopal sons, Mumbai being defective 20,000.

ans
sale return 96000
output Cgst 1400
output sgst 1400
output igst 2000
total 100800

Answer 1

Explanation:

sale return 96000

output Cgst 1400

output sgst 1400

output igst 2000

total 100800