Page 111 - DMGT104_FINANCIAL_ACCOUNTING

Unit 6: Subsidiary Books

Solution: Notes
Sales Day Book
Date Particulars L.F. Voucher Details Amount
No.
— P. — P.
2011
July 1 M/s Manoj Book Depot, Delhi
10 copies Introduction to
Accounting Part I
For XII Class
@ 55/-each 550 — 00
5 Copies Mathematics Part II
for XII Class
@ 90/-each 450 — 00
1000 — 00
Trade discount @ 20% 200 — 00 800 – 00
July 10 M/s Agarwal Book Depot, Meerut.
10 copies Introduction to Accounting
Part I for XII Class
@ 55/-each 550 — 00
5 Copies Physics for XII Class 600 — 00
@ 120/-each 1150 — 00
Trade discount @ 10% 115 — 00 1035 — 00
M/s Mittal Bros, Kanpur
5 copies of Chemistry for XII Class 500 — 00
@ 100/- each 450 — 00
July 25 5 copies Mathematics for XII Class 950 — 00
@ 90/-each 142 — 00
Trade discount @ 15% 807 — 50
Total 2642 – 50

Notes: 1. Sale of typewriter is not entered in this day book because it is an asset.
2. Similarly Cash Sales to M/s Kishan Lal & Co. is also not recorded because of cash sale.

6.3.3 Purchase Returns Book

This book is also known as Returns Outward Book. This book records all the returns to the
suppliers which are made during the period. The return is of goods or raw materials purchased
from the Suppliers and Return is on account of difference in quantity or quality. This book is
used when the returns are in sufficient number. If returns are not much, then it may be recorded
in the Journal. The form of Purchase Returns Book is similar to that of Purchase Day Book.
Form of Purchase Returns Book
Date Particulars L.F. Debit Note No. Details ( ) Amount ( )
I II III IV V VI

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