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Sales Returns Day Book Example Sales Return Day Book Example

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Sales Returns Day Book Example Sales Return Day Book Example

Image credit: shipedge.com

Image credit: shipedge.com

ZIMSEC O Level Principles of Accounts Notes: Sales Return Day Book Example Sales Return Day Book Example

Enter up the Sales Day Book and the Returns Inwards Day Book from the following details. Then post to the customers’ accounts and show the transfers to the General Ledger.

2014

  • June 1 Credit sales to: B Danho $240; M Runde $126; G Sauti $94; F Tiripo $107.
  • 6 Credit sales to: P Chanza $182; L Jokoro $203; T Mauye$99.
  • 10 Goods returned to us by: B Danho $19; F Tiripo $32.
  • 20 Credit sales to B Upenyu $1,790.
  • 24 Goods returned to us by L Jokoro $16.
  • 30 Credit sales to T Kare $302.

Solution

Sales Day Book
June 2014DetailsAmount ($)
1B Danho240
1M Runde126
1G Sauti94
1F Tiripo107
6P Chanza182
6L Jokoro203
6T Mauye99
20B Upenyu1790
30T Kare302
Total for the month3143
Returns Inwards Day Book
June 2014DetailsAmount ($)
10B Danho19
10F Tiripo32
24L Jokoro16
Total for the month67
Sales Ledger
B Danho
DateDetailsAmount ($)2014DateDetailsAmount
1 JuneSales24010 JuneReturns Inwards19
M Runde
DateDetailsAmount ($)2014DateDetailsAmount
1 JuneSales126
G Sauti
DateDetailsAmount ($)2014DateDetailsAmount
1 JuneSales94
F Tiripo
DateDetailsAmount ($)2014DateDetailsAmount
1 JuneSales10710 JuneReturns Inwards32
P Chanza
DateDetailsAmount ($)2014DateDetailsAmount
6 JuneSales182
L Jokoro
DateDetailsAmount ($)2014DateDetailsAmount
6 JuneSales20324 JuneReturns Inwards16
T Mauye
DateDetailsAmount ($)2014DateDetailsAmount
6 JuneSales99
B Upenyu
DateDetailsAmount ($)2014DateDetailsAmount
20 JuneSales1790
T Kare
DateDetailsAmount ($)DateDetailsAmount
30 JuneSales302
   General Ledger   
Sales Account
DateDetailsAmount ($)DateDetailsAmount
30 JuneTotal for the month3143
Sales Returns
DateDetailsAmount ($)DateDetailsAmount
30 JuneTotal for the month67

To access more topics go to the Principles of Accounts Notes page.

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By | 2017-01-17T11:16:28+00:00 December 2nd, 2015|Notes, Ordinary Level Notes, Principles of Accounts Notes|1 Comment

About the Author:

He holds an Honours in Accountancy degree from the University of Zimbabwe. He is passionate about technology and its practical application in today's world.

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