Question
What is a Purchases Return Book?
✓
Answer
Purchases Return Book is a subsidiary book in which the return of goods purchased is recorded.
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.
Explore more
Similar questions
Lalit of Delhi purchased goods of ₹ 720,000 from Mehar of Kanpur. Whether IGST OF CGST and SGST will be charged by Mehar? Why?
Which balance of the bank column in the Cash Book signifies bank overdraft?
Trial Balance is an account. Is it correct? Give reason.
Name the types of Cash Book.
Annual sales of a business were as under:
Cost of Goods Sold (including all direct expenses) works out at ₹ 52,000. Expenses incurred on sales amounted to ₹ 6,700. Find out his Net Profit.
|
|
₹
|
|
Cash Sales
|
35,000
|
|
Credit Sales
|
40,000
|
What is Bank Reconciliation Statement?
Sanjiv's Trial Balance as on 31st March, 2019 shows the following information:
Sanjiv took goods costing ₹ 20,000 for his personal use but entry was not passed in the books of account. Show the treatment in the Final Accounts.
Sanjiv took goods costing ₹ 20,000 for his personal use but entry was not passed in the books of account. Show the treatment in the Final Accounts.
Briefly explain Current Liabilities.
Following are the Extracts of Trial Balance:
Giriraj became insolvent and only 40% could be realised from his estate. You are required to make a provision of 5% for doubtful debts. What will be the annount of provision?
|
Sundry Debtors (including a B/R for ₹ 5,000 received from Giriraj)
|
|
|
|
Bad Debts
|
1,20,000
|
|
|
Provision for Doubtful Debts
|
3,000
|
1,800
|
Name any two Application Softwares.