Question

Q28- Prepare purchase return and sales return book from the following.

2020

Jan 3 Returned to Bata shoe co.

50 pairs of chappals being not upto the approved sample @ Rs 40

per pair.

Less; trade discount 20%.

Jan 10 Guru Nanak and co, returned to us:-

10 pairs of shoes for being defective @ Rs120 per pair

Less; Trade discount 10%

Jan 15 Returned to Baluja shoe Co.

20 pairs of ladies chappals @ Rs 30 per pair

Less 10%

Jan 22 Pratap footwear co, returned to us:-

50 pairs of shoes @ Rs 140 per pair

Less 10%

Jan 27 Manoj shoe co, returned to us:-

20 pair of sandals @ Rs 80 per pair.

Jan 31 Returned to Liberty shoe co. defective shoes worth Rs 1,200.​

Answer 1

Answer:

A Bank's Balance Sheet. A balance sheet is an accounting tool that lists assets and liabilities. ... The net worth is the asset value minus how much is owed (the liability). A bank's balance sheet operates in much the same way. A bank's net worth is also referred to as bank capital.

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