Question

With Goods and Services Tax (GST)
3. Prepare Simple Cash Book of Sri Gopal of Amritsar from the following transactions:
2018
April
1| Sri Gopal commenced business introducing cash 60,000 and 150,000 by taking
a loan from the Allahabad Bank.
April 4 Purchased following assets for business: Computer 16,000; Furniture *18,500 and
Machinery 732,000 plus CGST and SGST @ 6% each, paid by cheque. *
April 6 Purchased goods of 40,000 plus CGST and SGST @ 6% each from Bhushan, Amritsar,
half of the value paid in cash
April 8 Paid wages for installation of Machinery
4,000
April 12) Computer repair charges 1,900 paid along with CGST and SGST @ 6% each
April 15 Paid wages ....
15,000
Purchased Postage Stamps
150
Paid for stationery of * 2,700 along with CGST and SGST @ 6% each
April 19 Sold for cash half the goods purchased from Bhushan to Anil Krishna at a profit
of 25% and allowed him Trade Discount of 5%. Charged CGST and SGST @ 6% each
April 24 Payment to carpenter for repairs to private property
350
April 26 Paid for medical expenses of Smt. Gopal
1.800
April 30 Paid for shop rent ** 2,000 along with CGST and SGST @ 6% each
[Cash Balance - 35,508.]
*****​

Answer 1

Answer:

HERE IS THE CASHBOOK