Question

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% & IGST 12 %. (i) 2018 Jan 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%. (ii) Jan 10 Guru Nanak & Co., Kolkata, returned 10 pairs of Shoes, for being defective @ ₹ 1,200 per pair. Less: Trade Discount 10%. (iii) Jan 15 Returned to Baluja Shoe Co., Kolkata, 20 pairs of ladies chappals @ ₹ 500 per pair. Less: Trade Discount 15%. (iv) Jan 22 Partap Footwear Co., Patna Bihar, returned, 50 pairs of Shoes @ ₹ 1,400 per pair. Less: Trade Discount 5%. (v) Jan 27 Manoj Shoe Co., Kolkata, returned. 20 pairs of Sandals @ ₹ 1,000 per pair. (vi) Jan 31 Returned to Liberty Shoe Co., Ranchi Jharkhand defective shoes worth ₹ 5,000

Answer 1

Answer:

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% & IGST 12 %. (i) 2018 Jan 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%. (ii) Jan 10 Guru Nanak & Co., Kolkata, returned 10 pairs of Shoes, for being defective @ ₹ 1,200 per pair. Less: Trade Discount 10%. (iii) Jan 15 Returned to Baluja Shoe Co., Kolkata, 20 pairs of ladies chappals @ ₹ 500 per pair. Less: Trade Discount 15%. (iv) Jan 22 Partap Footwear Co., Patna Bihar, returned, 50 pairs of Shoes @ ₹ 1,400 per pair. Less: Trade Discount 5%. (v) Jan 27 Manoj Shoe Co., Kolkata, returned. 20 pairs of Sandals @ ₹ 1,000 per pair. (vi) Jan 31 Returned to Liberty Shoe Co., Ranchi Jharkhand defective shoes worth ₹ 5,000

Explanation:

a = 1

b = ±√2...

Answer 2

Answer:

Explanation:

                      Return  outward  book of modern  shoes                              

Date           Particulars                                                Amount                                          

Jan 3        Bata shoes co. kolkata

                 50 pairs of chappal @rs. 600 per pair                   30000

                 Less : 20 % trade discount                                        6000

                                                                                                   24000

              add :   6 % CGST                                                            1440

              Add :   6 % CGST                                                          1440    

                                                                                                   26880

Jan 15     Baluja shoes co.

              20 pair of ladies chappal @ Rs 500 per pair             10000

               Less : 15 % trade discount                                           1500

                                                                                                      8500

               Add : 6% CGST                                                              510

               Add :  6 % CGST                                                             510

                                                                                                     9520

Jan 31      Liberty shoes co.

                Defective goods                                                       5000

                  Add: 12 % IGST                                                          600

                                                                                                    5600