In this concept we are performing stock oriented purchases,purchases returns, sales returns to implement inventory Operations we have to perform following operations.
Ledger :-
Purchases Return = purchases accounts
Sales Return = sales accounts
Accounting Vouchers:-
CTRL + F9 ---- DEBIT NOTE - Purchase RerurnsCTRL + F8 ---- CREDIT NOTE - Sales Returns
To perform the concept we have to perform fallowing setting's
Go to accounting vouchers
Press F11
Press F2
Use debit/credit note -- Yes
Use invoice mode for credit note -- Yes
Use invoice mode for debit note -- Yes
Problem 1:-
1. Mr. Arvind started a new business
with 5,00,000/-
2. Purchase as Fallows:-
i) Computers - 15 Sets Each one 16,000/-
ii) Pen drives - 50 No's Each one 350/-
iii) Headphones - 35 Sets Each one 170/-
3.Purchase Returns:-
i) Computers - 3 Sets
ii) Pen drives - 7 No's
iii) Headphones - 5 Sets
4. Sales as Fallows:-
i) Computers - 12 Sets Each one 25,000/-
ii) Pen drives - 43 No's Each one 550/-
iii) Headphones - 30 Sets Each one 300/-
5.Sales Returns:-
i) Pen drives - 8 No's
ii) Computers - 2 Sets
iii) Headphones - 5 Sets
Problem 2:-
1. Mr. Prasad started a new business with 6,00,000/-
2. Furnicher Purchased 30,000/-
3. Purchase as Fallows:-
i) LED Tv's - 30 Sets Each one 15,000/- from Vijaya Traders
ii) Washing Machines - 15 Sets Each one 22,000/- from Bhuvana Traders
iii) Home Theaters - 45 Sets Each one 2500/- from Ravi Traders
4. Depreciation on Furnicher 4,000/-
5. Sales as fallows to Ganesh Traders:-
i) LED Tv's - 20 Sets Each one 27,000/-
ii) Washing Machines - 8 Sets Each one 40,000/-
iii) Home Theaters - 30 Sets Each one 5000/-
6. Sales as fallows to Santhi & Co:-
i) Home Theaters - 10 Sets Each one 4200/-
ii) Washing Machines - 7 Sets Each one 35,000/-
iii) LED Tv's - 10 Sets Each one 24,000/-
7. Sales Returns:-
i) Washing Machines - 2 Sets from Santhi & Co
ii) Home Theaters - 5 Sets from Ganesh Traders.
8. Donation received 10,000/-
9. Travelling Expns 1,700/-
10. Purchase Returns:-
i) Home Theaters - 5 Sets from Ravi Traders.
ii) Washing Machines - 2 Sets from Bhuvana Traders
11. Cash Paid to Vijaya Traders
12. Cash Paid to Bhuvana Traders
13. Cash Paid to Ravi Traders
14. Cash From Ganesh Traders
15. Cash From Santhi & Co 60% Only.
_________________________________________________________________________12. Cash Paid to Bhuvana Traders
13. Cash Paid to Ravi Traders
14. Cash From Ganesh Traders
15. Cash From Santhi & Co 60% Only.
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