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Question -

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

 

 

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 ₹ 2,000 less 10% trade discount.

 

28

Return outwards to M/s Handa Traders

550



Answer -

Purchases Return Book

Date

Debit Note No.

Name of Supplier

  (Account to be debited)

 

L.F.

Amount

2017

May. 05

M/s Kartik Traders

1,200

May. 10

Sahil Pvt. Ltd.

2,500

May. 17

M/s Kohinoor Trader

List Price

2,000

Less: 10% Trade discount

(200)

1,800

May. 28

M/s Handa Traders

550

Purchases Return Account

6,050

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