Question

From the following particulars taken from the books of Arun Textiles, you are

required to prepare in their books for the month of March,2017:

[8]

(i) Return Inwards Book

(ii) Return Inwards Account

(iii) M/s Tapan Cloth House Account

(iv) M/s Shovan Cloth House

2017

15/3/2107 Returns from M/s Tapan Cloth House, 20 pieces of printed sarees

@ ₹300 each sold at a trade discount of 10%, being defective.

23/3/2017 Returns from M/s Shovan Cloth House, 100 pieces of shirts @ ₹50 each

sold at a trade discount of 10%, being not up to specification.

Arun Textiles had sold 200 pieces of sarees to M/s Tapan Cloth House in February,

2017. Payment of 150 sarees at a cash discount of 5% had been received from them on

3

rd March, 2017.

M/s Shovan Cloth House had been sold 500 pieces of shirts on 4th March,2017. They

cleared their account on 31st March,2017.

Note: Arun Textiles balance / close their accounts at the end of every month.​

Answer 1

Answer:

Explanation:this is the answer