May 23 Received a cheque from Ramesh for 8,300 in full settlement of
his account and banked. give answer don't wish me happy new year
Answers
Answer:
In the Books of Ashoka Furniture Trader, Ludhiana (Punjab)
Date Particulars
L.F. Debit Credit
April 1 Bank A/c Dr. 60,000
To Capital A/c 60,000
(Being started business with opening a bank account)
April 2 Purchase A/c Dr. 24,000
CGST Input A/c Dr. 1,440
SGST Input A/c Dr. 1,440
To Bank A/c 26,880
(Being goods purchased by cheque.)
April 3 Mukand & Co. A/c Dr. 7504
To Sales A/c 6,700
To CGST Output A/c 402
To SGST Output A/c 402
(Being goods sold to Mukand & Co.)
April 3 Cash A/c Dr. 12,208
To Sales A/c 10,900
To CGST Output A/c 654
To SGST Output A/c 654
(Being goods sold for cash)
April 5 Sundry Expenses A/c Dr. 3,000
To Cash A/c 3,000
(Being Sundry Expenses paid.)
April 8 Office Furniture and Fitting A/c Dr. 4,000
CGST Input A/c Dr. 240
SGST Input A/c Dr. 240
To Bank A/c 4,480
(Being paid for office furniture and fitting)
April 9 Purchase A/c Dr. 10,600
IGST Input A/c Dr. 1,272
To Ramesh and Bros., A/c 11,872
(Being purchased goods from Ramesh and Bros., Faridabad)
April 10 Mahendra A/c Dr. 20,944
To Sales A/c 18,700
To CGST Output A/c 1,122
To SGST Output A/c 1,122
(Being goods sold to Mahendra )
April 11 Ramesh and bros. A/c Dr. 1,680
To Purchase Return A/c 1,500
To IGST Output A/c 180
(Being goods returned to Ramesh and bros )
April 11 Ramesh and bros. A/c Dr. 10,192
To Bank A/c 9,000
To Discount Received A/c 1,192
(Being goods returned to Ramesh and bros )
April 12 Cash A/c Dr. 10,000
Discount Allowed A/c Dr. 80
To Rakesh A/c 10,080
(Being paid to Ramesh and bros. by cheque and received discount )
April 14 Cash A/c Dr. 5,488
To Sales A/c 4,900
To CGST Output A/c 294
To SGST Output A/c 294
(Being goods sold for cash)
April 31 Interest A/c Dr. 200
To Bank A/c 200
(Being bank charge interest.)
April 30 Cash A/c Dr. 50,000
To Loan from Ridhi A/c 50,000
(Being borrowed from Ridhi)
April 30 Cash A/c Dr. 6,000
To MahendraA/c 6,000
(Being payment received from Mahendra)
April 30 Cash A/c Dr. 2,000
To Capital A/c 2,000
(Being owner invested further capital.)
April 30 Cash A/c Dr. 5,376
To Sales A/c 4,800
To CGST Output A/c 288
To SGST Output A/c 288
(Being goods sold to Anita for cash)
April 30 Sunil A/c Dr. 22,550
To Sales A/c 20,000
To CGST Output A/c 1,200
To SGST Output A/c 1,200
To Cash A/c 150
(Being goods sold to Sunil and cartage paid which charges from Sunil)