
Question No 07 Chapter No 6
07. Pass entries in the books of Sh. Jagdish Mishra of Lucknow U.P. assuming CGST @ 6% and SGST @ 6%:
2018 | |
Mar.5 | Purchased goods for 2,50,000 from Virender Yadav of Patna Bihar |
Mar.12 | Sold goods costing 60,000 at 50% profit to Partap Sinha of Ranchi Jharkhand |
Mar.14 | Purchased goods for 70,000 from Ram Nath of Kanpur U.P. against cheque |
Mar.18 | Sold goods at Varanasi U.P. Costing 2,25,000 at 33 1/3 % profit less trade discount 10% against cheque which was deposited into bank |
Mar.20 | Paid rent 25,000 by cheque |
Mar.31 | Payment made of the balance amount of GST. |
The solution of Question No 07 Chapter No 6: –
In the Books of Radhika Traders |
|||||
Date | Particulars |
L.F. | Debit | Credit | |
2019 | |||||
Mar.5 | Purchases A/c | Dr. | 2,50,000 | ||
Input IGST A/c | Dr. | 30,000 | |||
To Virender Yadav A/c | 2,80,000 | ||||
To Virender Yadav A/c | |||||
Mar.12 | Partap Sinha A/c | Dr. | 1,00,800 | ||
To Sale A/c | . | 90,000 | |||
To Output IGST A/c | 10,800 | ||||
(Being Sold goods and received cheque) | |||||
Mar.14 | Purchases A/c | Dr. | 70,000 | ||
Input CGST A/c | Dr. | 4,200 | |||
Input SGST A/c | Dr. | 4,200 | |||
To Bank A/c | 78,400 | ||||
(Being Purchased goods against cheque) | |||||
Mar.18 | Bank A/c | Dr. | 3,02,400 | ||
To Sales A/c | 2,70,000 | ||||
To Output CGST A/c | 16,200 | ||||
To Output SGST A/c | 16,200 | ||||
(Being Sold goods against cheque) | |||||
Mar.20 | Rent A/c | Dr. | 25,000 | ||
Input CGST A/c | Dr. | 1,500 | |||
Input SGST A/c | Dr. | 1,500 | |||
To Bank A/c | 28,000 | ||||
(Being Paid rent by cheque) | |||||
Mar.31 | Output CGST A/c | Dr. | 10,800 | ||
Output IGST A/c | 10,800 | ||||
(Being Input tax credit availed) | |||||
Output CGST A/c | Dr. | 16,200 | |||
To Input CGST A/c | 5,700 | ||||
To Input IGST A/c | 10,500 | ||||
(Being Input tax credit availed) | |||||
Output SGST A/c | Dr. | 16,200 | |||
To Input SGST A/c | 5,700 | ||||
To Input SGST A/c | 8,700 | ||||
To Bank A/c | 1,800 | ||||
(Being Input tax credit availed and balance paid) | |||||
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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
Chapter 3 Meaning and Objectives of Accounting
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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)
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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)