How to prepare to return an outward book?

Banking & FinanceFinance ManagementGrowth & Empowerment

Refer to the transactions given below and prepare a return outward book.

  • On June 2 − Received note worth of Rs.800/- from V.
  • On June 9 − Received note worth of Rs. 350/- from S.
  • On June 15 − Received note worth of Rs. 600/- from M.
  • On June 20 − Received note worth of Rs. 1200/- from N.

Solution

The return outward book for the above mentioned data is as follows −

Return outward book

DateName of customerDebit noteFolioAmount
02/06/2005V

800
09/06/2005S

350
15/06/2005M

600
20/06/2005N

1200
total2950

For V account, the return outward book is as follows −

DateParticularsAmountDateParticularsAmount
02/06/2005Return outwards800


For S account, the return outward book is as follows −

DateParticularsAmountDateParticularsAmount
09/06/2005Return outwards350


For M account, the return outward book is as follows −

DateParticularsAmountDateParticularsAmount
15/06/2005Return outwards600


For N account, the return outward book is as follows −

DateParticularsAmountDateParticularsAmount
20/06/2005Return outwards1200



raja
Updated on 13-Jul-2021 11:40:18

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