Question

Q1. Journalise the following transactions in the books of Mr. Subhoy : [(Apply GST only in the transactions where it is mentioned) Date Particulars Amount 2021 July 1 Commenced business with cash 1,50,000
July 5 Sold goods costing 3,00,000 to Yana @ Trade discount 10% and cash discount 5%.
Yana paid half the amount by cheque on the same day which was deposited on July 7
July 8 Purchased machinery from Big Mart (CGST and SGST @ 6% each) 4,00,000
July 10 Salary paid to John by cheque 30,000 July 15 Goods returned to Loveena (CGST and SGST @ 6% each) 20,000 July 18 Goods distributed as charity 15000
July 20 Depreciation on furniture 5000 July 23 Rahul deposited a cheque in our bank account of 18500 in full settlement of his account of 20000
July 30 Withdrew cash from bank 10000 for personal use and 12000 for office use​

Answer 1

Explanation:

Yana paid half the amount by cheque on the same day which was deposited on July 7

July 8 Purchased machinery from Big Mart (CGST and SGST @ 6% each) 4,00,000

July 10 Salary paid to John by cheque 30,000 July 15 Goods returned to Loveena (CGST and SGST @ 6% each) 20,000 July 18 Goods distributed as charity 15000

July 20 Depreciation on furniture 5000 July 23 Rahul deposited a cheque in our bank account of 18500 in full settlement of his account of 20000

July 30 Withdrew cash from bank 10000 for personal use and

Answer 2

hope this will help you buddy