(c) From the following transactions, prepare the Sales Return Book of Kay & Co., a readymade garments dealer: Date Particulars 06/12/2024 Return…
CA Foundation · Accounting · PYQS · January 2025
(c) From the following transactions, prepare the Sales Return Book of Kay & Co., a readymade garments dealer: Date Particulars 06/12/2024 Return received from Aar Store30Shirts @300/- and15trousers @500/- each Less: Trade discount @8 %. 12/12/2024 Modern tailors returned10frocks (which were sold for cash) @200/- each. 16/12/2024 Return received from Tulip Store -12 T-shirts @100 – each. Less: Trade discount @10%.
Suggested Answer and Working Notes:
In the books of Kay & Co. Returns Inward Book Date Particulars Details Amount (₹) 2024 Dec, 6 Aar Store 30 shirt @300/- each 9000 15 Trousers @500/- each 7,500 16,500 Less: Trade Discount8% (1, 320) 15,180 Dec, 16 Tulip Store 12 t-shirt @100/- each 1,200 Less: Trade Discount10% (120) 1,080 Total 16,260 Note: Returns of goods sold from modern tailors will not be included in return inward book as the sales were made in cash.
Topics: Subsidiary Books
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