From the following transactions, prepare the Purchases Returns Book of

1.	From the following transactions, prepare the Purchases Returns Book of Alpha & Co., asaree dealer and post them to ledger Date Debit Note No.Particulars04.01.2018 101 Returned to Goyal Mills, Surat – 5 polyester sarees @ ₹ 100.09.01.2018 Garg Mills, Kota – accepted the return of sarees (which were purchased for cash) – 5 Kota sarees@ ₹ 40.16.01.2018 102 Returned to Mittal Mills, Bangalore –5 silk sarees @ ₹ 260.30.01.2018 Returned one typewriter (being defective) @₹ 3,500 to B & Co.
Answer» Explanation: For PURCHASE return you can WRITE PURCHASE RETURN A/c ...Cr Instead of Purchase A/c ( Depending UPON the question) and write DEBIT NOTE instead of INVOICE No

From the following transactions, prepare the Purchases Returns Book of Alpha & Co., asaree dealer and post them to ledger Date Debit Note No.Particulars04.01.2018 101 Returned to Goyal Mills, Surat – 5 polyester sarees @ ₹ 100.09.01.2018 Garg Mills, Kota – accepted the return of sarees (which were purchased for cash) – 5 Kota sarees@ ₹ 40.16.01.2018 102 Returned to Mittal Mills, Bangalore –5 silk sarees @ ₹ 260.30.01.2018 Returned one typewriter (being defective) @₹ 3,500 to B & Co.

Answer»

Explanation:

For PURCHASE return you can WRITE

PURCHASE RETURN A/c ...Cr

Instead of Purchase A/c

( Depending UPON the question)

and write DEBIT NOTE instead of INVOICE No

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