Question 12 Chapter 5 - Unimax Publications of Class 11

Date	Particulars		L.F.	Debit	Credit
2019
Oct. 1	Purchases A/c	Dr.		7,50,000
	Input IGST A/c	Dr.		1,35,000
	To Prince A/c				8,85,000
	(Being goods purchased outside the state)
Oct.3	Purchases A/c	Dr.		75,000
	Input CGST A/c	Dr.		6,750
	Input SGST A/c	Dr.		6,750
	To Cash A/c				88,500
	(Being goods purchased inside the state)
Oct. 9	Bhawna A/c	Dr.		1,59,300
	To Sales A/c				1,35,000
	To Output IGST A/c				24,300
	(Being goods sold outside the state) (WNI)
Oct. 10	Cash A/c	Dr.		6,37,200
	Discount allowed A/c	Dr.		70,800
	To Sales A/c				6,00,000
	To Output IGST A/c				1,08,000
	(Being good sold outside the state at C.D) (WNII)
Oct. 15	Advertisement A/c	Dr.		15,000
	Input CGST A/c	Dr.		1,350
	Input SGST A/c	Dr.		1,350
	To Cash A/c				17,700
	(Being advertisement paid)
Oct. 18	Office equipment A/c	Dr.		60,000
	Input CGST A/c	Dr.		5,400
	Input SGST A/c	Dr.		5,400
	To Bank A/c				70,800
	(Being computer purchased)
Oct. 20	Drawings A/c	Dr.		30,000
	To Cash A/c				30,000
	(Being proprietor withdrew for personal use)
Oct. 25	Salaries A/c	Dr.		30,000
	To Bank A/c				30,000
	(Being salaries paid)
Oct. 26	Electricity Expense A/c	Dr.		37,500
	To Cash A/c				37,500
	(Being electricity bill paid)
Oct. 27	Cash A/c	Dr.		53,100
	To Commission Received A/c				45,000
	To Output CGST A/c				4,050
	To Output SGST A/c				4,050
	(Being commission received)
Oct. 28	Cash A/c	Dr.		1,77,000
	To Sales A/c				1,50,000
	To Output CGST A/c				13,500
	To Output SGST A/c				13,500
	(Being goods sold for cash)
Oct. 29	Printing and Stationary A/c	Dr.		15,000
	Input CGST A/c	Dr.		1,350
	Input SGST A/c	Dr.		1,350
	To Cash A/c				17,700
	(Being printing& stationery paid)
Oct. 30	Output IGST A/c	Dr.		1,32,300
	To Input IGST A/c				1,32,300
	(Being IGST adjusted) (WN III)
	Output CGST A/c	Dr.		17,550
	To Input CGST A/c				14,850
	To Input IGST A/c				2,700
	(Being CGST adjusted) (WN IV)
	Output SGST A/c			17,550
	To Input SGST A/c				14,850
	To Bank A/c				2,700
	(Being SGST adjusted and payment of balance amount Paid) (WN V)

Working Notes:

1.	List price of goods Sold	1,50,000
	Less: Trade discount@ 10%	15,000
		1,35,000
	Add: IGST@ 18%	24,300
		1,59,300
2.	List price of goods sold	6,00,000
	Add: IGST@ 18%	1,08,000
		7,08,000
	Less: C.D @ 10%	70,800
		6,37,200
3.	First of all output IGST will be adjusted against Input IGST
	Input IGST	1,35,000
	Less Output IGST (i.e 24,300+1,08,000= 1,32,300)	1,32,300
	IGST credit	2,700
4.	This balance of Rs. 2,700 of 1GST credit will be first applied to set off CGST and the balance IF any will be applied to set off SGST
	Total Output CGST (Rs. 4,050+Rs. 13,500)	17,550
	Less: Input CGST (6,750+1,350 +5,400 +1,350)	14,850
	amount adjusted against IGST credit	2,700
5.	Total Output CGST (Rs. 4,050+Rs. 13,500)	17,550
	Less: Total Input SGST (6,750+1,350 +5,400 +1,350)	14,850
	Balance paid off	2,700

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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

You can also Check out the other Books' Solution: -

• Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution
• T.S. Grewal’s Double Entry Book Keeping (Class +1) – Solution
• D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution