Journalise the following transactions in the books of Akhil, Delhi(CGST and SGST to be levied @6% each . while IGST is to be levied 12%.)I. He started business contributing 10,000 in cash; 5,00,000 in cheque and building valued 5,00,000.II. Purchased goods from D.Lal, Kanpur for 2,00,000 out of which cheque was issued for 60,000.III. Sold goods on credit to Ramesh, Delhi for 1,60,000.IV. Received 1,75,700 cheque from ramesh in full settlement of his account.V. Paid 1,62,000 to D. Lal in full settlement of amount due to him.VI. Purchased machinery from Pawan & sons, Delhi for 50,000 on credit.VII. Depreciation of 5,000 was provided on machinery.VIII. Paid 5,000 as income tax.IX. Withdrew cash 2000 and goods worth 5,000 for personal use.
Answers
Answered by
0
Answer:
5,00,000 in cheque and building valued 5,00,000.II. Purchased goods from D.Lal, Kanpur for 2,00,000 out of which cheque was issued for 60,000.III. Sold goods on credit to Ramesh, Delhi for 1,60,000.IV. Received 1,75,700 cheque from ramesh in full settlement of his account.V. Paid 1,62,000 to D. Lal in full settlement of amount due to him.VI. Purchased machinery from Pawan & sons, Delhi for 50,000 on credit.VII. Depreciation of 5,000 was provided on machinery.VIII. Paid 5,000 as income tax.IX. Withdrew cash 2000 and goods worth 5,000 for personal use.
Similar questions