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please explain it 31. pass Journal entries in the books of Puneet. Delhi for the following: (i) (iii) (v) (vii) (viii) (xii) (riii) (xiv) Received nn order from Karan & Co. for supply of goods of 50.000. Received an order from AK & Co. for goods of along with a cheque for 25.000 as advance. Paid to staff 40.000 against outstanding salary of 60.000. Sold goods to Bharat. Kaathai (Haryana) of 10.000 plus IGST @ 12% out of which 115th were returned being defecuve, Cheque of 20.000 issued by Feroz was dishonoured. Received 40 paise in a rupee from Feroz against the above dues. Received a cheque of 25.000 from Mohan after banking hours. Purchased goods from Barun of Chandigarh of e 10,000 plus IGST @ 12% and sold them to Arun of Shimla (HP) at 22.400. including IGST @ 12%. Arun returned goods of 6.720. including IGST which were returned to Barun. ABC & co. purchased 10 TV @ 20.000 per set paid [GST @ 12%. It sold all the sets @ 25.000 per set plus CGST and SGST @ 6% each. Paid insurance of 12.000 plus CGST and SGST @ each for a period of one year. Sold personal car for 1.00,000 and invested the amount in the firm. (_knds costing I .00.000 were destroyed in tire. mmpany admitted the claim for 75.000. These goods were purchased within Delhi. Purchased machinery for 56,000 including 'GST of &OOO and paid cartage 5.000 and installation charges 10,000. (xv) Goode costing R 40,000 sold to Mr. X ata profit of 20%on sales legs Trade Discount plus CGST and SGST @ 6% each and received a cheque under 2% cash discount. (xvi) Purchased machinery from New Machinery House for 50,000 and paid it by means of bank draft purchased from bank. Paid bank charge. 500,

Answer 1

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