Question No 08 Chapter No 6 - D.K Goal Class 11

Question No 08 Chapter No 6

08. Pass entries in the books of Krishnan of Bengaluru Karnataka in the following cases:

(i)	Purchased goods from Karunakaran of Chennai for 1,00,000. IGST@18
(ii)	Purchased goods from Karunakaran of Chennai for 1,00,000. IGST@18
(iii)	Sold goods to S. Nair of Kerala for 2,60,000. IGST@18
(iv)	Purchased a Machinery for 80,000 from Surya Ltd. against cheque. CGST@9
(v)	Paid rent 30,000 by cheque. CGST@6
(vi)	Paid rent 30,000 by cheque. CGST@6
(vii)	Paid insurance premium 10,000 by cheque. CGST@9
(viii)	Received commission 20,000 by cheque which is deposited into the bank. CGST@9
(ix)	Payment made of the balance amount of GST.

The solution of Question No 08 Chapter No 6: –

In the Books of Radhika Traders
Date	Particulars		L.F.	Debit	Credit
2019
i	Purchases A/c	Dr.		1,00,000
	Input IGST A/c	Dr.		8,000
	To Karunakaran A/c				1,18,000
	(Being Purchased goods on credit)

ii	Ganeshan A/c	Dr.		1,68,000
	To Sale A/c	.			1,50,000
	To Output CGST A/c				9,000
	To Output SGST A/c				9,000
	(Being Sold goods n credit)

iii	S. Nair A/c	Dr.		3,06,800
	To Sale A/c				2,60,000
	To Output IGST A/c				46,800
	(Being Sold goods on credit)

iv	Machinery A/c	Dr.		80,000
	Input CGST A/c	Dr.		7,200
	Input SGST A/c	Dr.		7,200
	To Bank A/c				94,400
	(Being Purchased Motor bike against cheque)

v	Rent A/c	Dr.		30,000
	Input CGST A/c	Dr.		1,800
	Input SGST A/c	Dr.		1,800
	To Bank A/c				33,600
	(Being Purchased office furniture)

vi	Purchases A/c	Dr.		2,00,000
	Input CGST A/c	Dr.		12,000
	Input SGST A/c	Dr.		12,000
	To Ram Mohan Rai A/c				2,24,000
	(Being Purchased goods on credit)

vii	Insurance Premium A/c	Dr.		10,000
	Input CGST A/c	Dr.		900
	Input SGST A/c	Dr.		900
	To Bank A/c				11,800
	(Being Paid insurance premium by cheque)

viii	Bank A/c	Dr.		23,600
	To Commission A/c				20,000
	To Output CGST A/c				1,800
	To Output SGST A/c				1,800
	(Being Received commission and deposited in bank)

vi	Output CGST A/c	Dr.		18,000
	Output IGST A/c				18,000
	(Being Input Tax credit up to Rs.27,000 availed and balance to bead just against Output CGST)

	Output CGST A/c	Dr.		10,800
	Output SGST A/c	Dr.		10,800
	To Input CGST A/c				10,800
	To Input SGST A/c				10,800
	(Being Input tax credit availed and balance paid)

	Output IGST A/c	Dr.		28,800
	To Input SGST A/c				11,100
	To Input IGST A/c				11,100
	To Bank A/c				6,600
	(Being Input tax credit availed and balance paid)