Question

90
Journalise the following transactions in the Journal of Mr. Girish.
2019
June 1
4
7
8
12
Commenced business with cash 35,000; Goods ? 45,000 and Furniture ? 20.000
Bought goods on credit from Miss Chhaya for 45,000 less 10% Trade Discount at
Sold goods for 40,000 at 10% Trade Discount and 5% Cash Discount terms at 28
Cash purchases for * 13,000/- at 5% Cash Discount at 18% GST.
Introduced 25,000/- as a capital by selling old personal car and furniture,
Withdrew 11,250 from business for personal use.
Sold goods for 20,000/- @ 3% Cash Discount with 18% GST.
Paid to Miss Chhaya necessary amount to settle her account.
Inserted an advertisement in Mumbai Mirror' and paid 12,000.
Purchased a horse for 25,000.
17
30
Hint: June 40: CGST = 3,645
June 7th: CGST = 5,040
June gth: CGST = 1,170
June 174 : CGST = 1,800
and
and
and
and
SGST=? 3.645
SGST = 5,040 Cash discount = 2,304
SGST = 1,170 Cash discount = * 767
SGST = 1.800 Cash discou 708​

Answer 1

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