Question

journalise the following transaction of kamal,delhi for april 2018
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Answer 1

Explanation:

April 1 - Kamal started business with cash Rs 1,00,000

April 2 - Bought goods for cash Rs 30,000

April 3 - Opened bank account with cash Rs 50,000

April 4 - Sold goods for cash Rs 40,000

April 7 - Bought goods from soorya of U.P on credit Rs 30,000

April 18 - Sold goods to Rakesh of delhi Rs 25,000

CGST and SGST is at the rate of 6% each and IGST is at 12% each