Advertisement

Question No 02 Chapter No 6 – D.K Goal Class 11

Question No 02 Chapter No 6

Question No 02 Chapter No 6

2. Pass entries in the books of Devdhar & Bros. Odisha, assuming all transactions have been entered within the state, charging CGST and SGST @ 9% each:

2018  
Mar.4 Purchased goods for 5,00,000 from Sunil Bros.
Mar.7 Goods returned to Sunil Bros. for 20,000
Mar.10 Sold goods to Mehta & Co. for 8,00,000
Mar.12 Sold goods to Mehta & Co. for 8,00,000
Mar.20 Goods are withdrawn by Proprietor for personal use 10,000
Mar.25 Goods are withdrawn by Proprietor for personal use 10,000
Mar.26 Paid advertisement expenses by cheque 20,000
Mar.31 Payment made of the balance amount of GST

 

The solution of Question No 02 Chapter No 6: –

In the Books of Radhika Traders
Date Particulars
L.F. Debit Credit
2018          
Mar.4 Purchases A/c Dr.   5,00,000  
  Input CGST A/c Dr.   45,000  
  Input SGST A/c Dr.   45,000  
  To Cash A/c       5,90,000
  (Being Purchased from Mehta Bros.)      
         
Mar.7 Sunil Bros. A/c Dr.   23,600  
  To Purchases Return A/c .     20,000
  To Input CGST A/c       1,800
  To Input SGST A/c       1,800
  (Being Goods returned to Sunil Bros..)      
           
Mar.10 Mehta& Co. A/c Dr.   9,44,000  
  To Mehta& Co. A/c       8,00,000
  To Output CGST A/c       72,000
  To Output SGST A/c     72,000
  (Being Sold goods to Mehta& Co.)      
         
Mar.12 Sales Return A/c Dr.   30,000  
  Output CGST A/c Dr.   2,700  
  Output SGST A/c Dr.   2,700  
  To Mehta & Co. A/c       35,400
  (Being Goods returned by Mehta & Co.)        
           
Mar.20 Drawings A/c Dr.   11,800  
  To Purchases A/c       10,000
  To Input CGST A/c       900
  To Input SGST A/c       900
  (Being Paid for printing and stationery .)        
           
Mar.25 Free Samples A/c Dr.   5,900  
  To Purchases A/c       5,000
  To Input CGST A/c       450
  To Input SGST A/c       450
  (Being Goods withdrawn for personal use)        
           
Mar.26 Advertisement A/c Dr.   20,000  
  Input CGST A/c Dr.   1,800  
  Input SGST A/c Dr.   1,800  
  To Bank A/c       23,600
  (Being Paid for advertisement.)        
           
Mar.31 Output CGST A/c Dr.   43,650  
  Output SGST A/c Dr.   43,650  
  To Input CGST A/c       43,650
  To Input SGST A/c       43,650
  (Being Input tax credit availed.)        
           
Mar.31 Output CGST A/c Dr.   25,650  
  Output SGST A/c Dr.   25,650  
  To Bank A/c       51,300
  (Being Balance tax paid to government.)        
         

 

 

 

https://tutorstips.com/journal-entries/

Thanks, Please Like and share with your friends  

Comment if you have any question.

Also, Check out the solved question of all Chapters: –

D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution

Chapter 1 Evolution of Accounting & Basic Accounting Terms

Chapter 2 Accounting Equations

Advertisement

Chapter 3 Meaning and Objectives of Accounting

Chapter 4 Double Entry System

Chapter 5 Books of Original Entry – Journal 

Chapter 6 Accounting for Goods and Service Tax (GST) (Coming soon)

Chapter 7 Books of Original Entry – Cash Book (Coming soon)

Chapter 8 Books of Original Entry – Special Purpose Subsidiary Books (Coming soon)

Chapter 9 Ledger (Coming soon)

Chapter 10 Trial Balance and Errors (Coming soon)

Chapter 11 Bank Reconciliation Statement (Coming soon)

Chapter 12 Depreciation (Coming soon)

Chapter 13 Bills of Exchange (Coming soon)

Chapter 14 Generally Accepted Accounting Principles(GAAP) 

Advertisement

Chapter 15 Bases of Accounting

Chapter 16 Accounting Standards and International Financial Reporting Standard(IFRS) (Coming soon)

Chapter 17 Capital and Revenue 

Chapter 18 Provisions and Reserves 

Chapter 19 Final Accounts (Coming soon)

Chapter 20 Final Accounts – With Adjustments (Coming soon)

Chapter 21 Errors and their Rectification (Coming soon)

Chapter 22 Accounts from Incomplete Records – Single Entry System (Coming soon)

Chapter 23 Accounts of Not-for-Profit Organisations (Coming soon)

Chapter 24 Computerised Accounting System (Coming soon)

Chapter 25 Introduction to Accounting Information System (Coming soon)

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement