Question

9. Journalise the following transactions in the books of M/s Vinod Traders, Delhi if CGST and
SGST is levied @ 6% each on intra-state transactions and IGST is levied @ 12% on inter-state
transactions:
(a) An Old Plant with book value of 1,40,000 is exchanged for a new Plant of * 2,50,000
from Raheja Plant Co, Ambala.
(b) Purchased Machinery for 3,40,000 plus IGST @ 12% by taking loan of * 2,00,000 from
PNB Bank and balance paid by cash.
(c) Received 3,000 from Kishan, which were written off as bad-debts in the previous year.
(d) The proprietor drew a cheque for 85,000 on the business bank account to pay for
scooter for personal use.
(e) Paid 300 to the petty cashier.
(f) Received cash of < 10,000 from ABC on behalf of XYZ.
(g) A Debtor paid to business 37,200 after deducting 10% discount for prompt payment.
(h) Charge depreciation @ 10% on Machinery of 5,00,000 for 9 months.​

Answer 1

Answer:

answer b 100%rightanswer