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Format of Purchase Returns Book

Date

Debit Note No.

Name of Supplier

L.F.

Details

 

 

 

 

 

 

 

Illustration 3

 

From the following transactions, post the transactions in the Purchase returns book of RR Ltd., a Jeans dealer.
 

Date

Debit Note No.

Particulars

06-01-2012

DN402

Returned to Watermarks Mills, 5 Jeans at ₹ 200

10-01-2012 DN804 Returned goods purchased for cash from Raj Mills, 4 ‘X Category’ Jeans at ₹ 250
18-01-2012 DN355 Returned to Jeans World, five Jeans at ₹ 180
31-01-2012 DN586 Returned one typewriter at ₹ 3,500 purchased on credit from Raj & Co.


Solution:

Purchase returns book of RR Ltd.,
 

Date

Debit Note No.

Name of Supplier

L.F.

Details

Amount ()

Jan. 6

DN402

Watermarks Mills

 

5 @ 200

1,000

Jan. 18 DN355 Jeans World 5 @ 180 900

Jan. 31

 

Purchase Returns A/c (Credit)

 

 

1,900

 

Dr. 

Purchase return Account   Cr.

Date

Particulars

L.F.

Amount

Date

Particulars

L.F.

Amount

2012

 

 

 

2012

 

 

 

Jan. 31 To Balance c/d 2,900 Jan. 10 By cash 1,000
      Jan. 31 By sundries as per sales Book 1,900

 

 

 

2,900

 

 

 

2,900

 

Note:

  • Return goods purchase on cash made on 10-01-2012 will be recorded in Cash book.
  • Returned of typewriters purchased on credit will be recorded in general journal.
  • In Purchase book, only returns from credit purchases of merchandise (i.e. the goods in which the firm deals in) are recorded.





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