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Page No 10.22:

Question 1:

Pass entries in the books of Mukerjee & Sons. assuming all transactions have taken place within the state of Uttar Pradesh. Assume CGST @9% and SGST @ 9%.

2018  
March 1 Purchased goods for ₹ 5,00,000 from Mehta Bros.
March 10 Sold goods for ₹ 8,00,000 to Munjal & Co.
March 15 Paid for advertisement ₹ 40,000 by cheque.
March 18 Purchased furniture for office use ₹ 50,000 and payment made by cheque.
March 25 Paid for printing and stationery ₹ 8,000.
March 31 Payment made of balance amount of GST.
 

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

(₹)

Credit

Amount

(₹)

2018

 

 

 

 

 

Mar 04

Purchases A/c

Dr.

 

5,00,000

 

 

Input CGST A/c

Dr.

 

45,000

 

 

Input SGST A/c

Dr.

 

45,000

 

 

  To Mehta Bros. A/c

 

 

 

5,90,000

 

(Purchased from Mehta Bros.)

 

 

 

 

 

 

 

 

 

 

Mar 10

Munjal & Co. A/c

Dr.

 

9,44,000

 

 

  To Sales A/c

 

 

 

8,00,000

 

  To Output CGST A/c

 

 

 

72,000

 

  To Output SGST A/c

 

 

 

72,000

 

(Sold goods to Munjal & Co.)

 

 

 

 

 

 

 

 

 

 

Mar 15

Advertisement A/c

Dr.

 

40,000

 

 

Input CGST A/c

Dr.

 

3,600

 

 

Input SGST A/c

Dr.

 

3,600

 

 

  To Bank A/c

 

 

 

47,200

 

(Paid for advertisement)

 

 

 

 

 

 

 

 

 

 

Mar 18

Furniture A/c

Dr.

 

50,000

 

 

Input CGST A/c

Dr.

 

4,500

 

 

Input SGST A/c

Dr.

 

4,500

 

 

  To Bank A/c

 

 

 

59,000

 

(Purchased office furniture)

 

 

 

 

 

 

 

 

 

 

Mar 25

Printing & Stationery A/c

Dr.

 

8,000

 

 

Input CGST A/c

Dr.

 

720

 

 

Input SGST A/c

Dr.

 

720

 

 

  To Cash A/c

 

 

 

9,440

 

(Paid for printing and stationery)

 

 

 

 

 

 

 

 

 

 

Mar 31

Output CGST A/c

Dr.

 

53,820

 

 

Output SGST A/c

Dr.

 

53,820

 

 

  To Input CGST A/c

 

 

 

53,820

 

  To Input SGST A/c

 

 

 

53,820

 

(Input tax credit availed)

 

 

 

 

 

 

 

 

 

 

Mar 31

Output CGST A/c

Dr.

 

18,180

 

 

Output SGST A./c

Dr.

 

18,180

 

 

To Bank A/c

 

 

 

36,360

 

(Balance tax paid to government)

 

 

 

 

 

 

 

 

17,93,640

17,93,640

 

 

 

 

 

 

Page No 10.22:

Question 2:

Pass entries in the books of Devdhar & Bros. Odisha, assuming all transactions have been entered within the state, charging CGST and SGST @ 9% each:

2018  
March 4  Purchased goods for ₹ 5,00,000 from Sunil Bros.
Goods returned to Sunil Bros. for â‚¹ 20,000
10  Sold goods to Mehta & Co. for ₹ 8,00,000
 12  Goods returned by Mehta & Co. for ₹ 30,000
20  Goods withdrawn by Proprietor for personal use ₹ 10,000
25  Goods distributed as free samples ₹ 5,000
26  Paid advertisement expenses by cheque ₹ 20,000
31  Payment made of balance amount of GST.
 

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

(₹)

Credit

Amount

(₹)

2018

 

 

 

 

 

Mar 04

Purchases A/c

Dr.

 

5,00,000

 

 

Input CGST A/c

Dr.

 

45,000

 

 

Input SGST A/c

Dr.

 

45,000

 

 

  To Sunil Bros. A/c

 

 

 

5,90,000

 

(Purchased from Sunil Bros.)

 

 

 

 

 

 

 

 

 

 

Mar 07

Sunil Bros. A/c

Dr.

 

23,600

 

 

  To Purchases Return A/c

 

 

 

20,000

 

  To Input CGST A/c

 

 

 

1,800

 

  To Input SGST A/c

 

 

 

1,800

 

(Goods returned to Sunil Bros.)

 

 

 

 

 

 

 

 

 

 

Mar 10

Mehta& Co. A/c

Dr.

 

9,44,000

 

 

  To Sales A/c

 

 

 

8,00,000

 

  To Output CGST A/c

 

 

 

72,000

 

  To Output SGST A/c

 

 

 

72,000

 

(Sold goods to Mehta& Co.)

 

 

 

 

 

 

 

 

 

 

Mar 12

Sales Return A/c

Dr.

 

30,000

 

 

Output CGST A/c

Dr.

 

2,700

 

 

Output SGST A/c

Dr.

 

2,700

 

 

  To Mehta & Co. A/c

 

 

 

35,400

 

(Goods returned by Mehta & Co.)

 

 

 

 

 

 

 

 

 

 

Mar 20

Drawings A/c

Dr.

 

11,800

 

 

  To Purchases A/c

 

 

 

10,000

 

  To Input CGST A/c

 

 

 

900

 

  To Input SGST A/c

 

 

 

900

 

(Goods withdrawn for personal use)

 

 

 

 

 

 

 

 

 

 

Mar 25

Free Samples A/c

Dr.

 

5,900

 

 

  To Purchases A/c

 

 

 

5,000

 

  To Input CGST A/c

 

 

 

450

 

  To Input SGST A/c

 

 

 

450

 

(Goods distributed as free samples)

 

 

 

 

 

 

 

 

 

 

Mar 26

Advertisement 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

 

(Paid for advertisement)

 

 

 

 

 

 

 

 

 

 

Mar 31

Output CGST A/c

Dr.

 

43,650

 

 

Output SGST A/c

Dr.

 

43,650

 

 

  To Input CGST A/c

 

 

 

43,650

 

  To Input SGST A/c

 

 

 

43,650

 

(Input tax credit availed)

 

 

 

 

 

 

 

 

 

 

Mar 31

Output CGST A/c

Dr.

 

25,650

 

 

Output SGST A./c

Dr.

 

25,650

 

 

To Bank A/c

 

 

 

51,300

 

(Balance tax paid to government)

 

 

 

 

 

 

 

 

17,72,900

17,72,900

 

 

 

 

 

 



Page No 10.23:

Question 3:

Pass entries in the books of Ganguli & Sons. assuming all transactions have been entered in the state of West Bengal:

(i)  Purchased goods for ₹ 2,00,000 and payment made by cheque.
(ii)  Sold goods for ₹ 1,60,000 to Devki Nandan & Sons.
(iii)  Purchased goods for ₹ 50,000 on credit.
(iv)  Paid for printing and stationery ₹ 4,000.
(v)  Received interest ₹ 5,000.
(vi)  Paid for advertisement ₹ 30,000 by cheque.

Assume CGST @6% and SGST @6%.

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

(₹)

Credit

Amount

(₹)

 

 

 

 

 

 

 

Purchases A/c

Dr.

 

2,00,000

 

 

Input CGST A/c

Dr.

 

12,000

 

 

Input SGST A/c

Dr.

 

12,000

 

 

  To Cheque A/c

 

 

 

2,24,000

 

(Purchased goods and paid by cheque)

 

 

 

 

 

 

 

 

 

 

 

Devki Nandan & Sons A/c

Dr.

 

1,79,200

 

 

  To Sales A/c

 

 

 

1,60,000

 

  To Output CGST A/c

 

 

 

9,600

 

  To Output SGST A/c

 

 

 

9,600

 

(Sold goods toDevki Nandan & Sons)

 

 

 

 

 

 

 

 

 

 

 

Purchases A/c

Dr.

 

50,000

 

 

Input CGST A/c

Dr.

 

3,000

 

 

Input SGST A/c

Dr.

 

3,000

 

 

  To Creditor A/c

 

 

 

56,000

 

(Purchased goods on credit)

 

 

 

 

 

 

 

 

 

 

 

Printing & Stationery A/c

Dr.

 

4,000

 

 

Input CGST A/c

Dr.

 

240

 

 

Input SGST A/c

Dr.

 

240

 

 

  To Cash A/c

 

 

 

4,480

 

(Paid for printing and stationery)

 

 

 

 

 

 

 

 

 

 

 

Cash A/c

Dr.

 

5,600

 

 

  To Interest Received A/c

 

 

 

5,000

 

  To Output CGST A/c

 

 

 

300

 

  To Output SGST A/c

 

 

 

300

 

(Interest received)

 

 

 

 

 

 

 

 

 

 

 

Advertisement 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

 

(Paid for advertisement)

 

 

 

 

 

 

 

 

 

 

 

Output CGST A/c

Dr.

 

9,900

 

 

Output SGST A/c

Dr.

 

9,900

 

 

  To Input CGST A/c

 

 

 

9,900

 

  To Input SGST A/c

 

 

 

9,900

 

(Input tax credit availed)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5,22,680

5,22,680

 

 

 

 

 

 


Input CSGT (Balance) = Rs 7,140

Input SGST (Balance) = Rs 7,140

Note: The answer doesn’t match with the book. If the last transaction is ignored, then the answer shall match. It seems like there is some printing error in the textbook.

Page No 10.23:

Question 4:

Record the following transactions in the books of Sahdev & Sons assuming all transactions have been entered within the state of Bihar, Charging CGST and SGST @ 9% each.

(i) Bought goods from Nanak Bros. for ₹ 4,00,000 at 10% trade discount and 3% cash discount on purchase price. 25% of the amount paid at the time of purchase.
(ii) Sold goods to Kumar & Sons. for ₹ 2,00,000 at 20% trade discount and 5% cash discount on sale price. 60% of the amount received by Cheque.
(iii) Received from Gopi Chand ₹ 38,000 by Cheque after deducting 5% cash discount.
(iv) Paid ₹ 20,000 for rent by Cheque.
(v) Paid ₹ 50,000 for salaries by Cheque.
(vi) Goods worth ₹ 10,000 distributed as free samples.
(vii) ₹ 5,000 due from Chanderkant are bad-debts.
(viii) Sold household furniture for ₹ 15,000 and the proceeds were invested into business.

Answer:

Journal
Date
Particulars
L.F.
Debit
Amount
(₹)
Credit
Amount
(₹)
 
 
 
 
 
 
 
Purchases A/c
Dr.
 
3,60,000
 
 
Input CGST A/c
Dr.
 
32,400
 
 
Input SGST A/c
Dr.
 
32,400
 
 
  To Cash A/c
 
 
 
1,03,014
 
  To Nanak Bros. A/c
 
 
 
3,18,600
 
  To Discount Received A/c
 
 
 
3,186
 
(Purchased goods)
 
 
 
 
 
 
 
 
 
 
 
Kumar & Sons A/c
Dr.
 
75,520
 
 
Bank A/c
 
 
1,07,616
 
 
Discount Allowed A/c
 
 
5,664
 
 
  To Sales A/c
 
 
 
1,60,000
 
  To Output CGST A/c
 
 
 
14,400
 
  To Output SGST A/c
 
 
 
14,400
 
(Sold goods)
 
 
 
 
 
 
 
 
 
 
 
Bank A/c
Dr.
 
38,000
 
 
Discount Allowed A/c
Dr.
 
2,000
 
 
  To Gopi Chand A/c
 
 
 
40,000
 
(Received from Gopi Chand in full settlement)
 
 
 
 
 
 
 
 
 
 
 
Rent 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
 
(Paid for rent)
 
 
 
 
 
 
 
 
 
 
 
Salaries A/c
Dr.
 
50,000
 
 
  To Bank A/c
 
 
 
50,000
 
(Paid salaries)
 
 
 
 
 
 
 
 
 
 
 
Advertisement A/c
Dr.
 
11,800
 
 
  To Purchases A/c
Dr.
 
 
10,000
 
  To Input CGST A/c
Dr.
 
 
900
 
  To Input SGST A/c
 
 
 
900
 
(Goods distributed as free samples)
 
 
 
 
 
 
 
 
 
 
 
Bad Debts A/c
Dr.
 
5,000
 
 
  To Chanderkant A/c
 
 
 
5,000
 
(Debtor proved bad)
 
 
 
 
 
 
 
 
 
 
 
Cash A/c
Dr.
 
15,000
 
 
  To Capital A/c
 
 
 
15,000
 
(Invested money into business)
 
 
 
 
 
 
 
 
7,59,000
7,59,000
 
 
 
 
 
 

Page No 10.23:

Question 5:

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) Paid insurance premium of 20,000 by cheque.
(v) Purchased furniture for office for ₹ 60,000 by cheque.

Answer:

Journal
Date
Particulars
L.F.
Debit
Amount
(₹)
Credit
Amount
(₹)
(i)
Purchases A/c
Dr.
 
2,00,000
 
 
Input IGST A/c
 
 
36,000
 
 
  To Suryakant’s A/c
 
 
 
2,36,000
 
(Purchased goods on credit)
 
 
 
 
 
 
 
 
 
 
(ii)
Bank A/c
Dr.
 
1,77,000
 
 
  To Sales A/c
 
 
 
1,50,000
 
  To Output IGST A/c
 
 
 
27,000
 
(Sold goods and received cheque)
 
 
 
 
 
 
 
 
 
 
(iii)
Debtors A/c
Dr.
 
2,95,000
 
 
  To Sales A/c
 
 
 
2,50,000
 
  To Output CGST A/c
 
 
 
22,500
 
  To Output SGST A/c
 
 
 
22,500
 
(Goods sold on credit)
 
 
 
 
 
 
 
 
 
 
(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
 
(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
 
(Purchased office furniture)
 
 
 
 
 
 
 
 
 
 
(vi)
Output IGST A/c
Dr.
 
27,000
 
 
  To Input IGST A/c
 
 
 
27,000
 
(Input Tax credit up to Rs.27,000 availed and balance to be adjusted against Output CGST)
 
 
 
 
 
 
 
 
 
 
(vii)
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
 
(Input tax credit availed and balance paid)
 
 
 
 
 
 
 
 
 
 
(viii)
Output SGST A/c
Dr.
 
22,500
 
 
  To Input SGST A/c
 
 
 
7,200
 
  To Bank A/c
 
 
 
15,300
  (Input tax credit availed and balance paid)        
Total
 
 
 
8,74,400
8,74,400
 
 
 
 
 
 

Working Note:
GST Common Set Off Procedure:
 
 
Output IGST
(₹)
Output CGST
(₹)
Output SGST
(₹)
 
27000
22500
22500
Input IGST
–27,000
(36000-9000)
–9000
Input CGST
–7,200
(1800 + 5400)
Input SGST
–7,200
 (1800 + 5400)
Payable
Nil
6,300
15,300



Page No 10.24:

Question 6:

Pass entries in the books of Sh. Jagdish Mishra of Lucknow (U.P.) assuming CGST @ 6% and SGST @ 6%:

2018  
March 5 Purchased goods for ₹ 2,50,000 from Virender Yadav of Patna (Bihar).
March 12 Sold goods costing ₹ 60,000 at 50% profit to Partap Sinha of Ranchi (Jharkhand).
March 14 Purchased goods for ₹ 70,000 from Ram Nath of Kanpur (U.P.) against cheque.
March 18 Sold goods at Varanasi (U.P.) Costing ₹ 2,25,000 at 3313% profit less trade discount 10% against cheque which was deposited into bank.
March 20 Paid rent ₹ 25,000 by cheque.
March 31 Payment made of balance amount of GST.
 

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

(₹)

Credit

Amount

(₹)

Mar 05

Purchases A/c

Dr.

 

2,50,000

 

 

Input IGST A/c

 

 

30,000

 

 

  To Virender Yadav A/c

 

 

 

2,80,000

 

(Purchased goods on credit)

 

 

 

 

 

 

 

 

 

 

Mar 12

Partap Sinha A/c

Dr.

 

1,00,800

 

 

  To Sales A/c

 

 

 

90,000

 

  To Output IGST A/c

 

 

 

10,800

 

(Sold goods on credit)

 

 

 

 

 

 

 

 

 

 

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

 

(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

 

(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

 

(Paid rent by cheque)

 

 

 

 

 

 

 

 

 

 

Mar 31

Output IGST A/c

Dr.

 

10,800

 

 

  To Input IGST A/c

 

 

 

10,800

 

(Input tax credit availed)

 

 

 

 

 

 

 

 

 

 

Mar 31

Output CGST A/c

Dr.

 

16,200

 

 

  To Input CGST A/c 

 

 

 

5,700

 

  To Input IGST A/c

 

 

 

10,500

 

(Input tax credit availed)

 

 

 

 

 

 

 

 

 

 

Mar 31

Output SGST A/c

Dr.

 

16,200

 

 

  To Input SGST A/c

 

 

 

5,700

 

  To Input IGST A/c

 

 

 

8,700

 

  To Bank A/c

 

 

 

1,800

 

 

 

 

8,32,800

8,32,800

 

 

 

 

 

 

Page No 10.24:

Question 7:

Pass entries in the books of all parties in the following cases assuming CGST @ 6% and SGST @ 6%:

2018  
March 1 Mahesh Chandra of Bihar purchased goods for ₹ 1,00,000 from Sunil Soren of Jharkhand and sold the same to Deepak Patnaik of Odisha for ₹ 1,50,000.
March 5 Deepak Patnaik sold goods to Suresh Yadav of Odisha for ₹ 1,80,000.
March 10 Suresh Yadav sold goods to Ravi Chakravarti of West Bengal for ₹ 2,50,000.
March 14 Ravi Chakravarti sold goods costing ₹ 2,50,000 to Sanjay Diwedi of West Bengal at a profit of 40% on cost.

Answer:

(a)

Journal of Mahesh Chand, Bihar
Date
Particulars
L.F.
Debit
Amount
(₹)
Credit
Amount
(₹)
2018
 
 
 
 
 
Mar 01
Purchases A/c
Dr.
 
1,00,000
 
 
Input IGST A/c
 
 
12,000
 
 
  To Sunil Soren
 
 
 
1,12,000
 
(Purchased goods plus 12% IGST)
 
 
 
 
Mar 01
Deepak Patnaik
Dr.
 
1,68,000
 
 
  To Sales A/c
 
 
 
1,50,000
 
  To Output IGST A/c
 
 
 
18,000
 
(Sold goods plus 12% IGST)
 
 
 
 
Total
 
 
 
2,80,000
2,80,000
 
 
 
 
 
 
 
(b)
Journal of Sunil Soren, Jharkhand
Date
Particulars
L.F.
Debit
Amount
(₹)
Credit
Amount
(₹)
2018
 
 
 
 
 
Mar 01
Mahesh Chand
Dr.
 
1,12,000
 
 
  To Sales A/c
 
 
 
1,00,000
 
  To Output IGST A/c
 
 
 
12,000
 
(Sold goods plus 12% IGST)
 
 
 
 
Total
 
 
 
1,12,000
1,12,000
 
 
 
 
 
 
 
(c)
Journal of Deepak Patnaik, Odisha
Date
Particulars
L.F.
Debit
Amount
(₹)
Credit
Amount
(₹)
2018
 
 
 
 
 
Mar 01
Purchases A/c
Dr.
 
1,50,000
 
 
Input IGST A/c
 
 
18,000
 
 
  To Mahesh Chand
 
 
 
1,68,000
 
(Purchased goods plus 12% IGST)
 
 
 
 
Mar 05
Suresh Yadav
Dr.
 
2,01,600
 
 
  To Sales A/c
 
 
 
1,80,000
 
  To Output CGST A/c
 
 
 
10,800
 
  To Output SGST A/c
 
 
 
10,800
 
(Sold goods plus 6% CGST and SGST each)
 
 
 
 
Total
 
 
 
3,69,600
3,69,600
 
 
 
 
 
 
 
(d)
Journal of Suresh Yadav, Odisha
Date
Particulars
L.F.
Debit
Amount
(₹)
Credit
Amount
(₹)
2018
 
 
 
 
 
Mar 05
Purchases A/c
Dr.
 
1,80,000
 
 
Input CGST A/c
 
 
10,800
 
 
Input SGST A/c
 
 
10,800
 
 
  To Deepak Patnaik
 
 
 
2,01,600
 
(Purchased goods plus 12% IGST)
 
 
 
 
Mar 10
Ravi Chakravarti
Dr.
 
2,80,000
 
 
  To Sales A/c
 
 
 
2,50,000
 
  To Output IGST A/c
 
 
 
30,000
 
(Sold goods plus 12% IGST)
 
 
 
 
Total
 
 
 
4,81,600
4,81,600
 
 
 
 
 
 
 
(e)
Journal of Ravi Chakravarti, West  Bengal
Date
Particulars
L.F.
Debit
Amount
(₹)
Credit
Amount
(₹)
2018
 
 
 
 
 
Mar 10
Purchases A/c
Dr.
 
2,50,000
 
 
Input IGST A/c
 
 
30,000
 
 
  To Suresh Yadav
 
 
 
2,80,000
 
(Purchased goods plus 12% IGST)
 
 
 
 
 
 
 
 
 
 
Mar 14
Sanjay Diwedi
Dr.
 
3,92,000
 
 
  To Sales A/c
 
 
 
3,50,000
 
  To Output CGST A/c
 
 
 
21,000
 
  To Output SGST A/c
 
 
 
21,000
 
(Sold goods costing ₹. 2,50,000 at 40% Profit plus 6% CGST and SGST each)
 
 
 
 
Total
 
 
 
6,72,000
6,72,000
 
 
 
 
 
 
 

Page No 10.24:

Question 8:

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  Sold goods to Ganeshan of Bengaluru for ₹ 1,50,000.
 (CGST @6% and SGST @6%)
III  Sold goods to S. Nair of Kerala for ₹ 2,60,000.
 (IGST @18%)
IV  Purchased a Motor-bike for ₹ 80,000 from Bajaj Ltd. against cheque.
 (CGST @9% and SGST  @9%)
V  Paid rent ₹ 30,000 by cheque.
 (CGST @6% and SGST @6%)
VI  Purchased goods from Ram Mohan Rai of Bengaluru for ₹ 2,00,000.
 (CGST @6% and SGST @6%)
VII  Paid insurance premium ₹ 10,000 by cheque.
 (CGST @9% and SGST @9%)
VIII  Received commission ₹ 20,000 by cheque which is deposited into bank.
 (CGST @9% and SGST @9%)
IX  Payment made of balance amount of GST.

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

(₹)

Credit

Amount

(₹)

 

Purchases A/c

Dr.

 

1,00,000

 

 

Input IGST A/c

 

 

18,000

 

 

  To Karunakaran A/c

 

 

 

1,18,000

 

(Purchased goods on credit)

 

 

 

 

 

 

 

 

 

 

 

Ganeshan A/c

Dr.

 

1,68,000

 

 

  To Sales A/c

 

 

 

1,50,000

 

  To Output CGST A/c

 

 

 

9,000

 

  To Output SGST A/c

 

 

 

9,000

 

(Sold goods on credit)

 

 

 

 

 

 

 

 

 

 

 

S. Nair A/c

Dr.

 

3,06,800

 

 

  To Sales A/c

Dr.

 

 

2,60,000

 

  To Output IGST A/c

 

 

 

46,800

 

(Sold goods on credit)

 

 

 

 

 

 

 

 

 

 

 

Motor Bike A/c

Dr.

 

80,000

 

 

Input CGST A/c

 

 

7,200

 

 

Input SGST A/c

 

 

7,200

 

 

  To Bank A/c

 

 

 

94,400

 

(Purchased Motor bike against cheque)

 

 

 

 

 

 

 

 

 

 

 

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

 

(Paid rent by cheque)

 

 

 

 

 

 

 

 

 

 

 

Purchases A/c

Dr.

 

2,00,000

 

 

Input CGST A/c

 

 

12,000

 

 

Input SGST A/c

 

 

12,000

 

 

  To Ram Mohan Rai A/c

 

 

 

2,24,000

 

(Purchased goods on credit)

 

 

 

 

 

 

 

 

 

 

 

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

 

(Paid insurance premium by cheque)

 

 

 

 

 

 

 

 

 

 

 

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

 

(Received commission and deposited in bank)

 

 

 

 

 

 

 

 

 

 

 

Output IGST A/c

Dr.

 

18,000

 

 

  To Input IGST A/c

 

 

 

18,000

 

(Input tax credit availed)

 

 

 

 

 

 

 

 

 

 

 

Output CGST A/c

Dr.

 

10,800

 

 

Output SGST A/c

Dr.

 

10,800

 

 

  To Input CGST A/c 

 

 

 

10,800

 

  To Input IGST A/c

 

 

 

10,800

 

(Input tax credit availed)

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

10,48,600

10,48,600

 

 

 

 

 

 



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