
Question No 04 Chapter No 16 - Unimax Class 11
(With GST). Commission for March, 2020 of ₹ 20,000 is outstanding (given as additional information outside the Trial Balance) CGST and SGST is payable @ 6% each. In this case passed the adjustment entry.
Journal
| Date | Particulars |
L.F. | Debit | Credit | ||
|---|---|---|---|---|---|---|
| Commission A/c | Dr. | 20,000 | ||||
| Input CGST A/c | Dr. | 1,200 | ||||
| Input SGST A/c | Dr. | 1,200 | ||||
| To outstanding Rent A/c | 22,400 | |||||
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Also, Check out the solved question of all Chapters: –
Students may choose only one part from the Part II and Part III
Part-II
Part-III
Chapter No. 2 - Theory Base of Accounting
Chapter No. 3 - Origin of Transactions
Chapter No. 4 - Vouchers and transactions
Chapter No. 6 - Accounting for Goods and Services Tax(GST)
Chapter No. 9 - Other Subsidiary Books
Chapter No. 10 - Journal Proper
Chapter No. 11 - Trial Balance
Chapter No. 12 - Bank Reconciliation Statement
Chapter No. 14 - Provisions and Reserves
Chapter No. 15 - Bills of Exchange
Chapter No. 16 - Rectification of Errors
Chapter No. 17 - Financial Statements - (Without Adjustments)
Chapter No. 18 - Financial Statements - (With Adjustments)
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Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
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