8. Pass the necessary journal entries including GST.
a. Ramesh Delhi sold goods to Naidu of Hyderabad for 80,000 at a
profit of 20% on cost less trade discount 10%
CGST@9% SGST@9% ,IGST@18%.
b. Sohan from Noida purchase goods for 30,000 from Ganesh Punjab
CGST@8%, SGST@8%, IGST@16%.
c. Purchased goods from Vijay of *60,000 less 10% trade discount Plus
CGST and SGST@ 9% each .paid by cheque.
d. Goods costing R5,000 taken by the proprietor for personal use. These
goods were purchased by paying SGST and CGST @ 9%each.
e. Goods costing <3,000 were given as a sample. These goods are
purchased paying SGST, CGST@9%each. (6)
Answers
Answer:
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)