class 11th
chapter - GST (dk goel)
plz solve it's urgent
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Entries in the book of Mukarjee assuming all the transactions have taken place within the state of Uttar Pradesh:
Entry 1: March 4 - Purchased goods for 25,00,000 from Mehta Bros
Purchase a/c 500000
Input CGST a/c 45000
Input SGSTa/c 45000
To Mehta bros 590000
Entry 2: March 10 Sold goods for 28,00,000 to Munjal & Co
Manjul& co A/c 944000
To sales a/c 300000
To output/c 72000
To outputA/c 72000
Entry 3: March 15 Paid for advertisement 240,000 by cheque
Advertisement a/c 40000
Input CGST a/c 3600
Inut SGSTA/c 3600
TO Bank A/c 59000
Entry 4: March 18 Purchased furniture for office use 250,000 and payment made by cheque
Furniture a/c 50000
Input CGST a/c 4500
Input SGSTa/c 4500
To Bank a/c 59000
Entry 5: March 25 Paid for printing and stationery 28,000
Printing and stationary a/c 8000
Input CGST a/c 720
Input SGSTa/ 720
To Cash A/c 9440
Entry 6: March 31 Payment made of balance amount of GST
Output gst a/c 7200
Output sgst a/c 7200
To Bank a/c 14400
Learn more on journal entry
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Journal entry of opened a current account in bank of baroda by depositing Rs 75000.
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