Capital Ale ? 66,000.)
17. Pass Journal entries for the following transactions :
2018
Jan, 2 Shanaya commenced a business with : Cash in hand 45,000;
Stock? 20.000; Plant 3 60,000.
Jan. 10 Bought goods
12,00
Jan. 12 Purchased goods from Amarjeet
8,000
Jan 13 Sold goods for cash
9,000
Jan. 16 Sold goods to Rimsha
15,000
Jan. 18 Goods returned to Amarjeet
1,000
Jan. 20 Goods distributed as free sample
2,000 150
500 3
Jan. 25 Goods returned by Rimsha
0
All the above transactions are subjected to levy of CGST and SGST @ 6% each
Jan. 27 Loss of stock by fire 1,000, insurance company admitted and paid claim
for 75% amount. These goods were purchased on paying CGST and SGST
6% each.
Jan. 29 Goods given aways as charity 2500. These goods were purchased on paying
CGST and SGST @ 6% each.
Jan. 30 Goods worth ? 1,000 used in the construction of building. These goods
were purchased on paying CGST and SGST @ 6% each.
Answers
I am giving you an example of the question
Kapoor Pvt Ltd entered into the following transactions for the month April 30, 2018.
April 1, 2018 – Kapoor Pvt Ltd started business with a capital of Rs 8,00,000
April 4, 2018 – Bought goods from Singhania Pvt Ltd on credit for Rs 2,00,000
April 5, 2018 – Sold goods to M/s Khanna for Rs 2,50,000
April 6, 2018 – Cash purchases Rs 2,50,000
April 8, 2018 – Cash sales Rs 1,50,000
April 10, 2018 – Goods returned to Singhania Pvt Ltd Rs 20,000
April 11, 2018 – Purchased furniture for Rs 1,50,000
April 12, 2018 – Cash paid to Singhania Pvt Ltd Rs 1,20,000
April 13, 2018 – Goods returned by M/s Khanna Rs 30,000
April 15, 2018 – Goods taken by Kapoor Pvt Ltd for private use Rs 30,000
April 16, 2018 – Cash received from M/s Khanna Rs Rs 1,20,000
April 17, 2018 – Kapoor Pvt Ltd took loan from M/s Sahani Rs 3,00,000
April 18, 2018 – Salary paid Rs 50,000
April 19, 2018 – Purchased stationery for Rs 10,000
April 20, 2018 – Money paid to M/s Sahani for loan Rs 1,80,000
April 21, 2018 – Interest received Rs 40,000
