Question No 03 Chapter No 6 – D.K Goal Class 11

Question No 03 Chapter No 6

03.Pass entries in the books of Ganguli & Sons. assuming all transactions have been entered in the state of West Bengal:

(i)	Purchased goods for 2,00,000 and payment made by cheque.
(ii)	Sold goods for 1,60,000 to Devki Nandan & Sons
(iii)	Sold goods for 1,60,000 to Devki Nandan & Sons
(iv)	Paid for printing and stationery 4,000.
(v)	Received for commission 5,000.
(vi)	Output GST adjusted against Input GST

 

The solution of Question No 03 Chapter No 6: –

In the Books of Radhika Traders
Date	Particulars		L.F.	Debit	Credit
2019
i	Purchases A/c	Dr.		5,00,000
	Input CGST A/c	Dr.		45,000
	Input SGST A/c	Dr.		45,000
	To Cheque A/c				5,90,000
	(Being Purchased from Mehta Bros.)
ii	Devki Nandan & Sons A/c	Dr.		1,79,200
	To Sale A/c	.			1,60,000
	To Output CGST A/c				9,600
	To Output SGST A/c				9,600
	(Being Sold goods to Devki Nandan & Sons)
iii	Purchases A/c	Dr.		5,00,000
	Input CGST A/c	Dr.		30,000
	Input SGST A/c	Dr.		30,000
	To Creditor A/c				5,60,000
	(Being Purchased goods on credit)
iv	Printing & Stationery A/c	Dr.		30,000
	Input CGST A/c	Dr.		2,700
	Input SGST A/c	Dr.		2,700
	To Cash A/c				35,400
	(Being Purchased office furniture.)
v	Cash A/c	Dr.		5,600
	To Commission Received A/c				5,000
	To Output CGST A/c				300
	To Output SGST A/c				300
	(Being Interest received)
Mar.31	Output CGST A/c	Dr.		9,900
	Output SGST A/c	Dr.		9,900
	To Input CGST A/c				9,900
	To Input SGST A/c				9,900
	(Being Input tax credit availed.)

Input CSGT Balance = Rs 5,340
Input SSGT Balance = Rs 5,340

 

 

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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

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) 

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)