31. Pass Joumal Entries in the book of Shankar
(12)
September 1 Shankar started cash with cash Rs.1,00,000; Goods Rs. 70,000 and
Machinery Rs. 40,000.
September 5 Sold goods to Harish of the list price of Rs. 50,000 at trade discount of 10%
plus CGST and SGST @ 9% each.
September 12 Harish returned goods of the list price Rs.5,000.
September 14 Received from Harish Rs.47,000 in full settlement of his account.
September 15 | Purchased goods from Sunil of the list price of Rs.20,000 at 15% trade
discount plus CGST and SGST @ 9% each.
September 22 Returned goods to Sunil of the list price of Rs.5.000.
September 25 Settled the account of Sunil by paying cash of Rs.14,800 in full settlement.
beptember 28 Sold goods to Vikas for Rs. 5,000 at trade discount of 20% plus CGST and
SGST @9% each.
September 30 Received cash from Vikas Rs. 4 500 in full settlement of his account.
Answers
Answer:
Exam March 2019 Important 5 ...
13-Mar-2019 · (ii) Sold goods to Shanmugam on credit for Rs.50,000 ... 5, Investments made in securities, 40,000 ... 1, Shankar commenced business with a cash Rs 1,00,000. 5, Sold ...
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