q. Enter the following transactions in the subsidiary books, post them into the Ledger and prepare Trial Balance.
Date Particulars Rs.
Oct 1 Ramesh commenced business with cash 10,00,000
2 Bought machinery from KS Metal industries 1,00,000
4 Purchased goods 1,50,000
5 Purchased goods worth ₹1,50,000 from
RK Enterprises.TD @ 10%
8 Opened a bank account and deposited 2,50,000
9 Sold goods 2,00,000
10 Purchased stationery from Pal & Co. 50,000
10 Sold goods to Farooq Khan @ TD 5% 1,50,000
14 Goods returned by Farooq Khan 30,000
15 Paid to RK Enterprise in cheque
18 Goods purchased from Harish,
for 50% cash @ TD 10% 60,000
19 Goods returned to Harish 4,000
22 Paid Rent by cheque. 12,000
24 Paid electricity bill. 5,000
29 Cash Sales 1,00,000
30 Withdrew from bank for personal use. 15,000
30 Settled the account of KS Metal Industries
and received discount of 5%.
30 Haris Settled the account and allowed him
discount of 5%
30 Deposited cash, in bank after retaining ₹10,000
for office purpose.
i need the solution asap, Thank you in advance :)
Answers
Answer:
Date
Particulars
Invoice No.
L.F.
Details
Cost
Input
CGST
Input SGST
Total
June 05
Mohan Lal & Company, Kanpur
20 Godrej Chairs @ ₹ 2,000 each
40,000
5 Godrej Tables @ ₹ 6,000 each
30,000
70,000
Less: 20% T.D.
14,000
56,000
Add: CGST @ 6%
3,360
Add: SGST @ 6%
3,360
62,720
56,000
3,360
3,360
62,720
June 10
Bharat Bhushan & Sons, Varanasi
5 Almirahs @ ₹ 12,000 each
60,000
2 Revolving Chairs @ ₹ 20,000 each
40,000
1,00,000
Less: 10% T.D.
10,000
90,000
Add: CGST @ 6%
5,400
Add: SGST @ 6%
5,400
1,00,800
90,000
5,400
5,400
1,00,800
June 14
Surya Traders, Lucknow
80 Desks @ ₹ 2,500 each
2,00,000
10 Sofa Sets @ ₹ 20,000 each
2,00,000
4,00,000
Less: 15% T.D.
60,000
3,40,000
Add: CGST @ 6%
20,400
Add: SGST @ 6%
20,400
3,80,800
3,40,000
20,400
20,400
3,80,800
4,86,000
29,160
29,160
5,44,320