pass journal entries from the question given below (experts please give the answers with same numbers which is - Accountancy - Recording of Transactions - I

Question

pass journal entries from the question given below
(
experts please give the answers with same
numbers which is provided in question don’t change the
numbers and don’t provide any link
)

on april 1
2015 , Robert started
business named Robert enterprises he deals in water purifiers he
invested furniture of 75000 , cash of
20000 and stock of
5000
on april 2 he
sold goods to mohit of rupees 200000 plus CGST and
SGST @ 12 % each he also allowed cash discount of 20 % to mohit as
he paid full amount within 1
week
on april
5 robert purchased
furniture worth 50000 from furniture
house
on april
8 he decided to sell his
old activa for 75000 to his friend
manohar
on april
10 he paid property tax of
90000 to his legal
advisor
on april
11 he paid 200
for postage stamps
on april
12 he opened bank account
with axis bank with initial deposit of
12000
on april 15 he
purchased showcase for rupees 15000 plus IGST @ 18
%
on april
18 he purchased goods for
48000 and paid half amount by cash and half by bank
Robert received cash discount @ 2 % on cash paid by
him

Sakshi Gupta · Accepted Answer

Dear student
JOURNAL
IN THE BOOKS OF ROBERT ENTERPRISES

DATE
PARTICULARS
L F
DEBIT
CREDIT

2015

April 1
Furniture A/C DR
Cash A/C DR
Stock A/C DR
To Capital A/C
(Being business started)

75,000
20,000
5,000

1,00,000

April 2
Cash A/C DR
Discount allowed A/C DR
To Sales A/C
To output CGST A/C
To output SGST A/C
(Being sales made to mohit at a discount of 20% and CGST and SGST
is charged at 12% each)

2,08,000
40,000

2,00,000
24,000
24,000

April 5
Furniture A/C DR
To cash A/C
(Being furniture is purchased)

50,000

April 8
Sale of his old activa is not a business transaction hence it
will not be recorded however if he invest the amount receive from
sale into the business following entry will be passed:
Cash A/C DR
To capital A/C
(Being cash invested into business)

75,000

April 10
Property tax expense DR
To cash A/C
(Being property tax is paid)

90,000

April 11
Postage stamp A/C DR
To cash A/C
(Being postage stamps are purchased)

200

April 12
Bank A/C DR
To cash A/C
(Being ank account is opened)

12,000

April 15
Showcase A/C DR
Input IGST A/C DR
To cash A/C
(Being showcase is purchased)

15,000
2,700

17,700

April 18
Purchases A/C DR
To cash A/C
To bank A/C
To discount receive A/C
(Being goods are purchased and cash discount is received only on
the amount paid by cash i e Rs 24,000)

48,000

23,520
24,000
480

Regards

DATE	PARTICULARS	L.F	DEBIT	CREDIT
2015
April 1	Furniture A/C DR Cash A/C DR Stock A/C DR To Capital A/C (Being business started)		75,000 20,000 5,000	1,00,000
April 2	Cash A/C DR Discount allowed A/C DR To Sales A/C To output CGST A/C To output SGST A/C (Being sales made to mohit at a discount of 20% and CGST and SGST is charged at 12% each)		2,08,000 40,000	2,00,000 24,000 24,000
April 5	Furniture A/C DR To cash A/C (Being furniture is purchased)		50,000	50,000
April 8	Sale of his old activa is not a business transaction hence it will not be recorded however if he invest the amount receive from sale into the business following entry will be passed: Cash A/C DR To capital A/C (Being cash invested into business)		75,000	75,000
April 10	Property tax expense DR To cash A/C (Being property tax is paid)		90,000	90,000
April 11	Postage stamp A/C DR To cash A/C (Being postage stamps are purchased)		200	200
April 12	Bank A/C DR To cash A/C (Being ank account is opened)		12,000	12,000
April 15	Showcase A/C DR Input IGST A/C DR To cash A/C (Being showcase is purchased)		15,000 2,700	17,700
April 18	Purchases A/C DR To cash A/C To bank A/C To discount receive A/C (Being goods are purchased and cash discount is received only on the amount paid by cash i.e Rs. 24,000)		48,000	23,520 24,000 480