Q.From the following, prepare the Sales Return Book of Kavya Traders and state the amount to be posted to the debit of the Sales Return Account:
June 2 — Kumar Stores returned goods, Credit Note No. 7, ₹540 (net of trade discount).
June 18 — Anitha Enterprises returned goods, Credit Note No. 8, ₹513 (net of trade discount).

The sales return (returns inward) book records goods returned by customers on which the sale was made on credit, so the answer is (d).

In the Tamil Nadu HSC Class-11 Accountancy syllabus, the sales return book (also called the returns inward book) is a subsidiary book that records goods returned by customers. Two conditions must be met for an item to appear here:

1. It must be a return of goods (things the business deals in), not of assets.
2. The original sale must have been on credit — that is, cash was not paid/received immediately. (A cash sale returned is handled through the cash book, not the sales return book.)

Checking the options:

• (a) return of assets, cash not paid — wrong (assets, not goods). …