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Ca foundation Acc Sale of goods on approval or return basis

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

Messrs. Awaaz Electronics supplied goods on Sale or Return basis, the particulars of which are as under. (The Goods are sent as 25% profit of cost):

 Date of despatch Party’s name Amount Other Particulars 10.03.2006 ABC Co. 2,600 15.03.2006 Returned 15.03.2006 XYZ Co. 3,400 17.03.2006 Retained 20.03.2006 PQR Co. 1,900 23.03.2006 Goods worth ` 800 returned and balance retained 27.03.2006 XYZ Co. 2,200 No intimation till 31.3.2006 28.03.2006 PQR Co. 1,700 No intimation till 31.3.2006 The books of Awaaz Electronics are closed on the 31st day of March, each year. Prepare Memorandum Records and discuss the treatment in main books .

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