
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Mar.20 | Goods are withdrawn by Proprietor for personal use 10,000 |
Mar.25 | Goods are withdrawn by Proprietor for personal use 10,000 |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(Being Goods withdrawn for personal use) | |||||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.) | |||||
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D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution
Chapter 1 Evolution of Accounting & Basic Accounting Terms
Chapter 2 Accounting Equations
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Chapter 3 Meaning and Objectives of Accounting
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)
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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)