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Format of Sales Returns Book

Date

Credit Note No.

Name of the Customer

L.F.

Details

 

 

 

 

 

 

 

Illustration 4

 

From the following transactions, post the transactions in the Sales return book of RR Ltd., a Jeans dealer.
 

Date

Credit Note No.

Particulars

06-01-2012

CR1002

Return of goods sold on credit to Chanda Retailers, 5 Jeans at ₹300

10-01-2012 CR1003 Return of goods sold for cash to Rajmahal Boutique, 4 ‘X ategory’ Jeans at ₹ 350
19-01-2012 CR1004 Return of goods sold on credit to Men’s Mart, 5 Jeans at ₹ 250
31-01-2012 CR1005 Return of goods sold on credit to Lajpat & Co., 1 typewriter at ₹5,500


Solution

 

Sales Returns Book of RR Ltd.

Date

Credit Note No.

Name of Customer

L.F.

Details

Amount ()

Jan. 6

CR1002

Chanda Retailers

 

5 @ 300

1,500

Jan. 19 CR1004 Men’s Mart 5 @ 250 1,250

Jan. 31

 

Sales Returns Account (Debit)

 

 

2,750

 

Note:

  • Returns for cash sales on 10-01-2012 will be recorded in Cash book.
  • Return of typewriters sold on Credit will be recorded in general journal.
  • In Sales return book, only goods returns from credit sales of merchandise (i.e. goods in which firm deals in) are recorded.





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