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Subsidiary Books ll—Other Books 8.9, , , , have been sold) nor can be Tecorded in the Cash Book (since this transaction does not, involve any cash inflow),, S other than Stock-in-trade) which were sold on credit. Such transac, tions cannot be recorded in the Return Inwards Book since no goods have been, returned, i, Return of Assets (other than Stock-in-trade) which were bought on credit, Such transactions cannot be tecorded in the Return Outwards book since no goods have been, returned,, , (Endorsement of Bills Receivable to a creditor., , 8) Dishonour of Bills Receivables (not discounted with bank),, , (h) Cancellation of Bills Payable, , GY Abnormal Loss of Stock-in-trade/other assets by theft, accident, fire, etc, , G) Writing-off Bad Debts,, , (k) Withdrawal of goods by the owner for his personal use, Illustration 5. From the following transactions of the month of April 20X1, prepare the, Journal Proper of Jindal & Co., saree dealer, who also maintains Purchases Book Sales, Book, Returns Books and Cash Book, , , , , @, , z, 2, 2, , , , , , , o1 aml Transaction, Purchased on credit from Goyal Mills, Surat 25 Polyster sarees @ Rs 100, Purchased on credit from Bansal & Co,, 2 typewriters @ Rs 3,500, Sold on credit to Goyal & Co., 5 Polyster sarees @ Rs 125, , , , , , , , , , & | Retumed one typewriter (being detective) @ Rs 9500 to Bansal & Co., 8 | Sold on credit two old typewriters to Muri @ Rs 600, 10 | Sold for cash to Garg & Co. 20 kota sarees @ Rs 60,, , Retumed to Goyal Mils, Surat § polyster sarees @ Rs 100, , , , , , , , , , , , , , , , 14 | Muri retumed one old typewriter @ Rs 500, 16 | Purchased for cash from Kansal & Co, 2 chairs @ Rs 3,700, 18 | Returned one chair (being defective) @ Rs 3,700, 20 | Sold two old chairs for cash to Manohar @ Rs 500, 21 | Manohar retumed one old chair @ Rs 500, 22 | Goyal & Co. became insolvent and paid only 80 paise in a Tupee in full final settlement,, 24 (| Mr. BK. Jindal (Proprietor of Jindal & Co.) took away 2 silk sarees (costing Rs 350, each sale price Rs 700 each) from the shop and Presented to her wife on her 25th, birthday., 25 | A cheque of Rs 3,500 received from Mittal & Co, a customer, endorsed in favour of, Bansal & Co., a creditor, On 30-4-20X1, the bank informed that this cheque was dishonoured, 30 | Rent due to landlord, Ram Rs 1,000, 30 _| Salaries due to employee Shyam Rs 1,000, Solution:, Journal Proper of M/s Jindal & Co,, Date | Particulars LE | Or (Rs) | Cr (Rs), 0x1., \pril 3 | Typewriters A/c Or. 7,000, To Bansal & Co, 7,000, (Being 2 typewriters purchased on credit from, Bansal & Co,) {, ——

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Or, Da, , ic FE jation-1, 8.10 Accountancy for CA Professional Examin:, , (Contd) ioe, 6 | Bansal & Co, a, , To Typewriters Alc, , (Being 1 typewriter returned to Bansal & Co., , 8 | Mutli, , , , , , , , , , To Typewriters A/c, jewriters sold on credit to Muri), , , , , To Mutl, (Being 1 typewriter returned by Muri), Bad Debts Alc ore, , To Goyal & Co., , (Being 20% of the dues from Goyal & Co. writtenoff as bad on their insolvency), Drawings Ale Or., , To Purchases Alc, (Being 2 sik sarees, costing As 350 each, taken, away by the proprietor for personal use), Bansal & Co. Dr., , To Mittal & Co,, , (Being a cheque received form Mittal & Co,, endorsed in favour of Bansal & Co), Mittal & Co, Dr., , To Bansal & Co,, , (Being a cheque (endorsed) dshonoured), Rent Alc Or., , To Outstanding Rent Alo, (Being rent due to landlord), Salaries Alc, , To Outstanding Salaries Ale, Being salaries due to employee), , 125, , , , , 22, , , , , , , , , , , 24, , , , , , , , 25, , , , , , , 30, , , , , , 30, , , , , , , , 30, , , , , , Transaction, Purchases of polyester sarees, Sales of polyester sarees, , Cash sale of kota sarees, , Return of polyester sarees, Purchases of chairs, , Returns of chairs to Kansal & Co,, Sale of old chairs, , Return of old chairs, , Receipts of cash from Goyal & Co,, , , , Reason, , To be Fecorded in Sales Book, To be Tecorded in Cash Book, , © be recorded in Cash Book, To be Fecorded in Cash Book, , 0 be recorded in Cash Book, To be fecorded in Cash Book, To be fecorded in Cash Book, , , , , To be fecorded in Purchases Book., , , , , , 15, , 700, , , , , , , , , , , , , , , , , , , , To be recorded in Purchase Retums Book, , , , LEY RI Ree