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Question -

Prepare a purchases return (journal) book from the following transactions for May 2017.

┬а

┬а

тВ╣

05

Returned goods to M/s Kartik Traders

1,200

10

Goods returned to Sahil Pvt. Ltd.

2,500

17

Goods returned to M/s Kohinoor Traders for list price тВ╣ 2,000┬аless┬а10% trade discount.

┬а

28

Return outwards to M/s Handa Traders

550



Answer -

Purchases Return Book

Date

Debit Note No.

Name of Supplier

┬а (Account to be debited)

┬а

L.F.

Amount

тВ╣

2017

May. 05

M/s┬аKartik┬аTraders

1,200

May. 10

Sahil┬аPvt. Ltd.

2,500

May. 17

M/s Kohinoor Trader

List Price

2,000

Less: 10% Trade discount

(200)

1,800

May. 28

M/s┬аHanda┬аTraders

550

Purchases Return Account

6,050

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