Question

12. Pass entries for the following transactions in the books of M/s Karthikeyan & Co. of
Chennai:
September 10 Purchase goods from Ravichandran of Madurai of the list price of
32,00,000 at 25% trade discount. Paid CGST and SGST @9% cach. Paid
the entire amount by cheque on the same date.
September 18 Sold goods to Ramlingam of Erode of the list price of 3.75,000 at 20%
trade discount. Charged CGST and SGST @9% each. Full amount was
received in cash on the same date.
September 22 Paid 20,000 for rent in cash. Paid CGST and SGST @9º each.
September 26 Purchase furniture from New Furniture House, Delhi 20,000 charge GST
a 18%.​

Answer 1

Explanation:

sep 10 purchases a/c 2600000

input cgst a/c 234000

input sgst a/c 234000

to bank a/c 3068000

sep 18 cash a/c 354000

to sale a/c. 300000

to output sgst a/c. 27000

to output cgst a/c 27000

sep 22 rent a/c 20000

input sgst a/c 1800

input cgst a/c 1800

to cash a/c 23600

sep 26 furniture a/c 20000

input sgst a/c 3600

input cgst a/c 3600

to cash a/c 27200

mark me brain list