Question

Following transactions were entered into and were not recorded in the books of account:
(i) Jones had made a credit purchase of goods for 2,00,000 plus IGST @ 12% on 31st March, 2020
(ii) A credit sale of 75,000 plus IGST @ 12% was made to Brian on 31st March, 2020.
(iii) Jones withdrew from Bank 5,00,000 on 31st March, 2020 for personal use.
You are required to draw the Trial Balance post recording of above transactions.​

Answer 1

Answer:

purchase account debit 200000 input I GST debit 12% of 200000 two zones GST + 200000 second part Britain debit to sales account 75000 to output IGST 12% of 75000 third part drawings account debit to bank account 500000