Question

Journalise the following Transachons :-
GST @ 12%
1. Business started with Cash 7 60000
11. Goods 20000 Purchased for cash.
1. Goods z 30000 Purchased from sahil.
W. Goods 2 25000 told to sonu.
​

Answer 1

Answer:

1. Cash Dr 760000

To capital Cr. 760000

(Being business started with cash.)

2. Purchase Dr 20000

Input gst@12%. Dr. 2400

To cash Cr 22400

(Being Goods bought in cash with 12% gst.)

3. Purchase Dr 30000

input gst@12% Dr. 3600

To Sahil Cr. 33600

(Being Goods bought from Sahil with 12% gst)

4. Sonu. Dr 252000

To Sales Cr. 225000

To Output gst@12% 27000

(Being Goods sold to Sonu with 12% gst.)