9. Journalise the following transactions in the books of Hero Enterprises.
Balance on 1st April 2019
Cash at Bank 80,000, Sundry Debtors Ram 20,000, Rahim 30,000, Stock 55,000,
Building * 1,50,000.
Credit Balances on 1st April 2019
Sundry Creditors Swapna 20,000, Rohit 30,000, Bank Loan 50,000.
2019
April 1 Purchased goods worth * 1,50,000 from Prashant & Co., less 10% Trade Discount.
4 Sold goods to Mr. Amit Sharma 70,000 at 10% Trade Discount on credit
9 Purchased goods for cash 2,00,000 @28% GST amount paid by NEFT.
12 Sold Goods to Aditya Ray of * 90,000 @28% GST.
15 Paid for Rent * 5000 and Salary 18,000.
17 Paid for Proprietor's house Rent 12,000.
20 Sold half of the goods purchased on 9th April at 20% Profit and 28% GST.
25 Paid for Wages 1,500.
25 Purchased Furniture # 1,80,000 @12% GST and amount paid by RTGS.
28 Sold an old Furniture of * 20,000 for 12,000.
30 Sold shares of * 10,000 for 15,000 and amount received by cheque.
Answers
Answer:
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Journal Entry in the Books of Hero Enterprises
Explanation:
1 April, 2019:
Cash at Bank A/c Dr. 80,000
Sundry Debtors Ram A/c Dr. 20,000
Rahim A/c Dr. 30,000
Stock A/c Dr. 55,000
Building A/c Dr. 1,50,000
To Sundry Creditors Swapna A/c 20,000
To Rohit A/c 30,000
To Bank Loan A/c 50,000
To Capital A/c 2,35,000
[Being Balance brought forward from last year]
__________________________________________________________
1 April, 2019:
Purchases A/c Dr. 1,35,000
To Prashant & Co. A/c 1,35,000
[Being Purchased goods at 10% T.D]
__________________________________________________________
4 April, 2019:
Amit Sharma A/c Dr. 63,000
To Sales A/c 63,000
[Being sold goods to Mr. Amit Sharma on credit at 10% T.D]
__________________________________________________________
9 April, 2019:
Purchase A/c Dr. 2,00,000
Input CGST 14% Dr. 28,000
Input SGST 14% Dr. 28,000
To Bank A/c 2,56,000
[Being purchased goods @28% GST and paid by NEFT]
__________________________________________________________
12 April, 2019:
Aditya Ray A/c Dr. 1,52,000
To Sales A/c 90,000
To Output CGST 14% 12,600
To Output SGST 14% 12,600
[Being sold goods to Aditya Ray @28% GST]
__________________________________________________________
15 April, 2019:
Rent A/c Dr. 5,000
Salary A/c Dr. 18,000
To Cash A/c 23,000
[Being paid rent and salary]
__________________________________________________________
17 April, 2019:
Drawings A/c Dr. 12,000
To Cash A/c 12,000
[Being paid for proprietor's house rent]
__________________________________________________________
20 April, 2019:
Cash A/c Dr. 1,53,600
To Sales A/c 1,00,000
To Output CGST 14% 16,800
To Output SGST 14% 16,800
To Profit A/c 20,000
[Being half goods sold at 20% Profit and 28% GST]
__________________________________________________________
25 April, 2019:
Wages A/c Dr. 1500
To Cash A/c 1500
[Being Wages paid]
__________________________________________________________
25 April, 2019:
Furniture A/c Dr. 1,80,000
Input CGST 14% Dr. 25,200
Input SGST 14% Dr. 25,200
To Bank A/c 2,30,400
[Being purchased furniture at 28% GST by RTGS]
__________________________________________________________
28 April, 2019:
Cash A/c Dr. 12,000
Loss A/c Dr. 8,000
To Furniture A/c 20,000
[Being Sold an old Furniture
__________________________________________________________
30 April, 2019:
Bank A/c Dr. 15,000
To Shares A/c 10,000
To Profit A/c 5,000
[Being sold shares of Rs.10,000 for 15,000 and amount received by cheque]