Question 11 Chapter 6 - Unimax Publications of Class 11

Question 11 Chapter 6 - Unimax

11. M/s. Logistics has its operations from Delhi and enters into following transactions in month of July, 2019:

Date	Particulars	Amount
3	Purchased goods from M/s Amar Sales, Delhi	50,000
5	Purchased goods from M/s Blue Traders, Chennai	80,000
5	Deposited CGST	1,000
	SGST	1,000
	IGST	5,000
10	Sold goods to M/s Rahul Traders, Delhi	30,000
10	Sold goods against cash to a customer	2,000
15	Sold goods to Basu Sales, Kolkata	1,50,000
15	Purchase of stationery for office use in cash (including GST)	5,900
15	Paid to Lawyer for Consultation	5,000
20	Sold goods on credit to Rahul, a customer	10,000
30	Paid Telephone Expenses (including GST)	1,180
30	Paid Electricity Bill	5,900
31	Paid Salaries to Staff	15,000

GST rates of CGST@ 9%, SGST @ 9%, IGST @ 18% and on Lawyer's fee under Reverse charge CGST @ 2.5% and SGST @ 2.5 %
Pass the Journal Entries up to the set off of taxes.

The solution of Question 11 Chapter 6 - Unimax:

JOURNAL OF M/S LOGISTICS

Date	Particulars		L.F.	Debit	Credit
2019
July 3	Purchases A/c	Dr.		50,000
	Input CGST A/c	Dr.		4,500
	Output SGST A/c	Dr.		4,500
	To Amar Sales				59,000
	(Being the goods purchased and CGST and SGST 9% each)
July 5	Purchases A/c	Dr.		80,000
	Output IGST A/c			14,400
	To Blue Traders				94,400
	(Being the goods purchased, IGST 18% being inter-state 94,400purchase)
July 5	Output CGST A/c	Dr.		1,000
	Output SGST A/c			1,000
	Output IGST A/c			5,000
	To Bank A/c				7,000
	(Being the GST deposited)
July 10	Rahul Traders	Dr.		35,400
	To Sales A/c				30,000
	To Output CGST A/c				2,700
	To Output SGST A/C				2,700
	(Being the goods sold and charged CGST and SGST being intra-state sale)
July 10	Cash A/c	Dr.		2,360
	To Sales A/C				2,000
	To Output CGST A/c				180
	To Output SGST A/C				180
	(Being the sale made and CGST and SGST charged)
July 15	Basu Sales	Dr.		1,77,000
	To Sales A/c				1,50,000
	To Output IGST A/c				27,000
	(Being the inter-state Sale made and charged IGST 18%)
July 15	Printing and Stationery A/c	Dr.		5,000
	Input CGST A/c	Dr.		450
	Input SGST A/c	Dr.		450
	To Cash A/c				5,900
	(Being the stationery purchased for office use)
July 15	Professional Fee A/c	Dr.		5,000
	Input CGST A/c	Dr.		125
	Input SGST A/c	Dr.		125
	To Cash A/c				5,250
	(Being the professional fee paid and CGST and SGST 11,800deposited)
July 20	Rahul A/c	Dr.		11,800
	To Sales A/c				10,000
	To Output CGST A/c				900
	To Output SGST A/C				900
	(Being the credit sale made to Rahul and charged CGST)
July 30	Telephone Expenses A/c	Dr.		1,000
	Input CGST A/c	Dr.		90
	Input SGST A/c	Dr.		90
	To Cash A/c				1,180
	(Being the telephone charges paid)
July 30	Electricity Expenses A/c	Dr.		5,900
	To Cash A/c				5,900
	(Being the electricity expenses paid)
July 31	Salaries A/c	Dr.		15,000
	To Bank A/c				15,000
	(Being the salaries paid)
July 31	Output CGST A/c	Dr.		3,780
	To Input CGST A/c				3,780
	(Being the output CGST set off against Input CGST)
July 31	Output SGST A/c	Dr.		3,780
	To Input SGST A/c				3,780
	(Being the output SGST set off against Input SGST)
July 31	Output IGST A/c	Dr.		24,170
	To Input IGST A/c				19,400
	To Input CGST A/c				2,385
	To Input SGST A/C				2,385
	(Being the Output IGST set off against Input CGST and SGST)
July 31	Output IGST A/c	Dr.		2,830
	To Bank A/c				2,830
	(Being the balance paid)

LEDGER :

INPUT CGST ACCOUNT

Particulars	Amount	Particulars	Amount
To Amar Sales	4,500	By Output CGST A/C	3,780
To Bank Ac (Deposit)	1,000	By Output IGST A/c	2,385
To Cash Ac (Professional Fee)	125
To Cash A/c (Telephone)	90
To Cash Ac (Stationery).	450
	6,165		6,165

INPUT SGST ACCOUNT

Particulars	Amount	Particulars	Amount
To Amar Sales	4,500	By Output SGST A/c	3,780
To Bank Ac (Deposit)	1,000	By Output IGST A/c	2,385
To Cash Ac (Professional Fee)	125
To Cash A/c (Telephone)	90
To Cash Ac (Stationery).	450
	6,165		6,165

INPUT IGST ACCOUNT

Particulars	Amount	Particulars	Amount
To Blue Traders	14,400	By Output IGST A/c	19,400
To Bank Ac	5,000
	19,400		19,400

OUTPUT CGST ACCOUNT

Particulars	Amount	Particulars	Amount
To Input CGST A/c	3,780	By Rahul Traders	2,700
		By Cash A/c	180
		By Rahul A/c	900
	3,780		3,780

OUTPUT SGST ACCOUNT

Particulars	Amount	Particulars	Amount
To Input IGST A/c	3,780	By Rahul Traders	2,700
		By Cash A/c	180
		By Rahul A/c	900
	3,780		3,780

OUTPUT IGST ACCOUNT

Particulars	Amount	Particulars	Amount
To Input IGST A/c	19,400	By Basu Sales A/C	27,000
To Input CGST A/c	2,385
To Input SGST A/c	2,385
To Bank A/c	2,830
	27,000		27,000

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Ledger balancing or Closing of ledger account | Ledger

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You can also Check out the solved question of other Chapters: -

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

• Chapter No. 1 – Introduction of Accounting
• Chapter No. 2 – Theory Base of Accounting
• Chapter No. 3 – Vouchers and Transactions
• Chapter No. 4 – Journal
• Chapter No. 5 – Goods and Services Tax (GST) : An Introduction
• Chapter No. 6 – Ledger
• Chapter No. 7 – Special Purpose Book – Cash Book
• Chapter No. 8 – Other Subsidiary Books
• Chapter No. 9 – Trial Balance
• Chapter No. 10 – Rectification of Errors
• Chapter No. 11 – Depreciation
• Chapter No. 12 – Provision and Reserves
• Chapter No. 13 – Bank Reconciliation Statement
• Chapter No. 14 – Bills of Exchange

Students may Choose only one part from the Part II and Part III

Part-II

• Chapter No. 15 – Financial Statements (Without Adjustments)
• Chapter No. 16 – Financial Statements (With Adjustments)
• Chapter No. 17 – Accounts from Incomplete Records – Single Entry System

Part-III

• Chapter No. 18 – Introduction to Computers and Accounting information System
• Chapter No. 19 – Computerised Accounting
• Chapter No. 20 – Accounting Software : Tally
• Chapter No. 21 – Data Base System
• Chapter No. 22 – Concept of Entity and Relationship

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