● purchased furniture of of rupees 80000 at 18% GST and half the amount paid by cheque
☆Journal Entry ☆
please answer the questions
Answers
Answer:
Date
Particulars
L.F.
Debit
Amount
(₹)
Credit
Amount
(₹)
2018
Mar 04
Purchases A/c
Dr.
5,00,000
Input CGST A/c
Dr.
45,000
Input SGST A/c
Dr.
45,000
To Mehta Bros. A/c
5,90,000
(Purchased from Mehta Bros.)
Mar 10
Munjal & Co. A/c
Dr.
9,44,000
To Sales A/c
8,00,000
To Output CGST A/c
72,000
To Output SGST A/c
72,000
(Sold goods to Munjal & Co.)
Mar 15
Advertisement A/c
Dr.
40,000
Input CGST A/c
Dr.
3,600
Input SGST A/c
Dr.
3,600
To Bank A/c
47,200
(Paid for advertisement)
Mar 18
Furniture A/c
Dr.
50,000
Input CGST A/c
Dr.
4,500
Input SGST A/c
Dr.
4,500
To Bank A/c
59,000
(Purchased office furniture)
Mar 25
Printing & Stationery A/c
Dr.
8,000
Input CGST A/c
Dr.
720
Input SGST A/c
Dr.
720
To Cash A/c
9,440
(Paid for printing and stationery)
Mar 31
Output CGST A/c
Dr.
53,820
Output SGST A/c
Dr.
53,820
To Input CGST A/c
53,820
To Input SGST A/c
53,820
(Input tax credit availed)
Mar 31
Output CGST A/c
Dr.
18,180
Output SGST A./c
Dr.
18,180
To Bank A/c
36,360
(Balance tax paid to government)
Explanation:
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