Question No 06 Chapter No 6 - D.K Goal Class 11

Question No 06 Chapter No 6

06. Pass entries in the books of Mr. Roopani of Gujarat assuming CGST @ 9% and SGST@ 9%.

(i)	Purchased goods for 2,00,000 from Suryakant of Jaipur Rajasthan on Credit.
(ii)	Sold goods for 1,50,000 to Mr. Pawar of Mumbai Maharashtra and the cheque received was sent to bank.
(iii)	Sold goods for 2,50,000 within the state on credit.
(iv)	Sold goods for 2,50,000 within the state on credit.
(v)	Purchased furniture for office for 60,000 by cheque
(vi)	Payment made of the balance amount of GST.

The solution of Question No 06 Chapter No 6: –

In the Books of Radhika Traders
Date	Particulars		L.F.	Debit	Credit
2019
i	Purchases A/c	Dr.		2,00,000
	Input IGST A/c	Dr.		36,000
	To Suryakant’s A/c				2,36,000
	(Being Purchased goods on credit)

ii	Bank A/c	Dr.		1,77,000
	To Sale A/c	.			1,50,000
	To Output IGST A/c				27,000
	(Being Sold goods and received cheque)

iii	Debtors A/c	Dr.		2,95,000
	To Sale A/c				2,50,000
	To Output CGST A/c				22,500
	To Output SGST A/c				22,500
	(Being Paid for advertisement.)

iv	Insurance Premium 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 insurance premium)

v	Office Furniture A/c	Dr.		60,000
	Input CGST A/c	Dr.		5,400
	Input SGST A/c	Dr.		5,400
	To Bank A/c				70,800
	(Being Purchased office furniture)

vi	Output CGST A/c	Dr.		27,000
	Output IGST A/c				27,000
	(Being Input Tax credit up to Rs.27,000 availed and balance to bead just against Output CGST)

	Output CGST A/c	Dr.		22,500
	To Input CGST A/c				7,200
	To Input IGST A/c				9,000
	To Bank A/c				6,300
	(Being Input tax credit availed and balance paid)

	Output SGST A/c	Dr.		22,500
	To Input SGST A/c				7,200
	To Bank A/c				15,300
	(Being Input tax credit availed and balance paid)

Working Note:-

GST Common Set Off Procedure: