Question

15. Journalize the following transactions in the books of Ashutosh, Kolkata:
CGST & SGST AT 9% each to be levied on intrastate (Within the state) while IGST is to
be levied at 18% on interstate transactions of purchase and sale of goods and fixed
assets.
A. He started business contributing Rs. 10,000 in cash, rs.500000 in cheque and a
building valued at rupees 500000.
B. Purchase goods from Lalit, Kanpur for Rs. 200000 out of which cheque was issued
for Rs. 60000
C. Sold goods on credit to Ramesh, Kolkata for Rs. 160000
D. Received Rs. 184800 by cheque from Ramesh in full settlement of his account
E. Goods Lost due to fire Rs.50000.
F. Paid Rs.5000 as income tax​

Answer 1

Answer:

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Explanation:

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