Journalise the following transactions of Kamal,delhi for April 2018 and post them in ledger accounts
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
Answers
Answer:
Explanation:
In the books of journa entry
Date particulars amount amount
1/4 cash A/C Dr. 100000
To, kamal's capital A/C 100000
2/4 purchase A/C Dr. 30000
To, cash A/C 30000
3/4 Bank A/C Dr. 50000
To, cash A/C 50000
4/4 cash A/C Dr. 40000
To, sales A/C 40000
7/4 purchase A/C Dr. 30000
To, soorya A/C 30000
18/4 rakesh A/C Dr. 31000
To, sales A/C 25000
To, CGST A/C 1500
To,SGST A/C 1500
To, IGST A/C 3000