Question

ased on Intra-state Dealer
1
1. Pass journal entries in the books of M/s Goel Brother, Delhi who is
registered dealer with GST as an intra-state dealer dealing in products
having CGST and SGST @ 6% each:
2020
Bought goods from Mohan for $20,000
Sold goods to Rama & Co. for 10,000
Bought furniture from Verma & Co. for 8,000 and issued
cheque
Jan. 10
Paid electricity bill 3,000
Jan. 15 Paid legal fee 5,000 by cheque
Jan. 18 Rama & Co. returned goods for 4,000 being not as per
specifications
[Hints. (i) GST is not charged on Electricity charges.
(ii) GST is charged on Legal Fees.)
Jan. 1
Jan. 3
Jan. 6​

Answer 1

Answer:

bougt goods= Goods Ac.... Dr 20000

To mohan Ac...... Cr 10000

sold good = Rama and co Ac.... Dr 10000

To sales Ac....... Cr 10000

bought furniture = furniture Ac..... Dr 8000

To verma and co. / Bank.... Cr 8000

paid electricity = Electricity Ac... Dr 3000

To bank Ac...... Dr 3000