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Question No 07 Chapter No 6 – D.K Goal Class 11

Question No 07 Chapter No 6

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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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

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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)

 

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