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Question No 8 Chapter No 8
Journalise the following transactions of Singh Enterprises, Delhi::
2017 Rs
June 01 Started business with cash 50,000
June 02 Deposited cheque from Savings Account in firm’s account 2,00,000
June 03 Received cash from Ram 50,000
June 04 Purchased goods of cash 15,000
June 11 Sold goods to M/s. Hari Sales, Delhi 12,000
June 13 Paid to Ramavtar 40,000
June 17 Received from M/s Hari Sales 10,000
June 20 Bought furniture from S.R. Furnishers against Cash ( Including CGST and SGST) 22,400
June 27 Paid rent 28,000
June 30 Paid salary 50,000
CGST and SGST @6% each is levied on Intra-state sale and purchase.
Solution of Question No 8 Chapter No 8: –
In the Books of Singh Enterprises, Delhi
Date Particulars
L.F. Debit Credit
June 1 Cash A/c Dr. 50,000
To CapitalA/c 50,000
(Being started business with cash.)
June 2 BankA/c Dr. 2,00,000
To Capital A/c 2,00,000
(Being cheque deposited from his saving account.)
June 3 Cash A/c Dr. 50,000
To Ram A/c 50,000
(Being amount received from Ram.)
June 4 Purchase A/c Dr. 15,000
CGST Input A/c Dr. 900
SGST Input A/c Dr. 900
To Cash A/c 16,800
(Being goods purchased for Cash.)
June 11 M/s. Hari Sales A/c Dr. 13,440
To Sales A/c 12,000
To CGST Output A/c 720
To SGST Output A/c 720
(Being goods sold to Hari sales.)
June 13 Ramavtar A/c Dr. 40,000
To Cash A/c 40,000
(Being payment made to Ramavtar.)
June 17 Cash A/c Dr. 10,000
To M/s Hari Sales A/c 10,000
(Being payment received from Hari Sales.)
June 20 Furniture A/c Dr. 20,000
CGST Input A/c Dr. 1,200
SGST Input A/c Dr. 1,200
To Cash A/c 22,400
(Being Furniture purchased)
June 27 Rent A/c Dr. 28,000
To Cash A/c 28,000
(Being rent paid.)
June 30 Salary A/c Dr. 50,000
To Cash A/c 20,000
(Being salary paid.)
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