Ques 1. Record the following transactions of Naveen General Store in appropriate
subsidiary books .
2020 jan 1} Assets - Cash Rs.10,000; Bank Rs. 15,000; Debtors-(A-Rs. 8,000; B-Rs.
9,000; C- Rs. 7,500),Stock Rs. 30,500; Furniture Rs. 20,000. Liabilities Creditors - (X-Rs.
9,500; Y- Rs.8,000; Z- Rs. 10,500)
Jan3} Bought from Surya & Co :
20 Tooth Paste @ Rs. 50 each
10 Bottle Hair Oil @ Rs. 60 each
10 Allout @ Rs. 50 each Less : 10%
Jan5} Sold Goods for cash Rs. 60,000.
Jan8} Sold Goods to Ram Rs. 8,000 and Mohan Rs. 9,000.
Jan11} Received cheque from Ram for Rs. 7,800 and Mohan Rs. 8,500 in full settlement
of their accounts .
Jan12} Cheque received from Ram is endorsed to Y in full settlemnt of his account and
cheque of Mohan deposited in banks .
Jan14} Cash deposited in bank Rs. 5,000.
Jan 15} Paid Salary Rs. 2,000; rent Rs. 1,200.
Jan 18} Bank is instructed to issue draft to X for Rs. 6,000 . it charged Rs. 50 as
commission .
Jan19} Bank allowed interest to Rs. 200.
Jan20} Bought Goods from Amar & Sons for Rs. 12,000 less 10% trade discount .
Jan22} Sold Goods to Karan for Rs. 5,000 less 10% Trade Discount .
Jan23} Returned Goods to Amar & Sons for Rs. 2,000.
Jan24} Karan returned Goods of value Rs. 1,000.
Jan 25} Commission recieved Rs. 500.
Jan27 Settled the account of Amar & Sons by issuing cheque .Jan 28 Karan settled his account by issuing a cheque which was lodged in bank .
Jan30 Cheque of Karan was dishonoured and bank charged Rs. 50 on it .
Answers
Answer:
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