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Question No 20 Chapter No 7 - USHA Publication 11 Class

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Question No 20 Chapter No 7

20. Recode the following transactions in the journal of Pranab Mukherjee and post them into Ledger

Date
2018
Apr. 1	Commenced business with cash Rs 6,00,000
Jun. 21	Deposited cash into bank Rs 2,00,000
Jul. 24	Purchased goods costing Rs 80,000 plus 2.5% CGST and SGST in cash
Aug. 18	Sold goods for Rs 50,000 to Indian outside the state at 5% GST
Sep. 16	Purchased furniture costing Rs 32,000 plus, 2.5% CGST and SGST by cheque
Oct. 25	Goods are given as charity Rs 6,000(originally purchased at 2.5% CGST and SGST)
Dec. 15	Paid electricity bill Rs 5,000
2019
Jan. 23	Purchased motorcar for Rs 2,00,000 plus 14% CGST and SGST
Mar. 31	Provide Rs 3,000 depreciation on furniture.

The solution of Question No 20 Chapter No 7: -

Journal

Date	Particulars		Debit	Credit
2018
Apr.1	Cash A/c	Dr.	6,00,000
	To Capital A/c			6,00,000
	(Being business started with cash)

Jun.21	Bank A/c	Dr.	2,00,000
	To Cash A/c			2,00,000
	(Being deposited cash into the bank)

Jul.24	Purchases A/c	Dr.	80,000
	Input CGST A/c	Dr.	2,000
	Input SGST A/c	Dr.	2,000
	To Cash A/c			82,000
	(Being bought goods plus 2.5% CGST and SGST)

Aug.18	Cash A/c	Dr.	52,500
	To Cash A/c			50,000
	Output IGST A/c			2,500
	(Being sale goods plus 2.5% CGST and SGST)

Sep.16	Furniture A/c	Dr.	32,000
	Input CGST A/c	Dr.	800
	Input SGST A/c	Dr.	800
	To Bank A/c			31,600
	(Being bought goods plus 2.5% CGST and SGST paid by cheque)

Oct.25	Charity A/c	Dr.	6,300
	To Purchases A/c			6,000
	To Input CGST A/c			150
	To Input SGST A/c			150
	(Being goods donated plus 2.5% CGST and SGST)

Dec.15	Charity A/c	Dr.	5,000
	To Cash A/c			5,000
	(Being paid electricity bill in cash )
2019

Jan.23	Motor Car A/c	Dr.	2,00,000
	Input CGST A/c	Dr.	28,000
	Input SGST A/c	Dr.	28,000
	To Cash A/c			2,56,000
	(Being bought motor car plus 14% CGST and SGST)

Mar.31	Deprecation A/c	Dr.	3,000
	To Furniture A/c			3,000
	(Being charged deprecation on furniture)

Date	Particulars	Amount	Date	Particulars	Amount
Dr.	Cash A/c				Cr.
2018			2018
Apr. 1	To Capital A/c	6,00,000	Jan. 21	By Bank A/c	2,00,000
Aug. 18	To Sale A/c	50,000	Jul. 24	By Purchases A/c	80,000
Aug. 18	To Input IGST A/c	2,500	Jul. 24	By Input CGST A/c	2,000
			Jul. 24	By Input SGST A/c	2,000
			Dec. 15	To Electricity bill A/c	5,000
			Jan. 23	By Motor Car A/c	2,00,000
			Jan. 23	By Input CGST A/c	28,000
			Jan. 23	By Input SGST A/c	28,000
			Mar. 31	By Balance c/d	1,07,500
		6,52,500			6,52,500

Date	Particulars	Amount	Date	Particulars	Amount
Dr.	Capital A/c				Cr.
2018			2018
			Apr. 1	By Cash A/c	6,00,000
Mar. 31	To Balance c/d	6,00,000
		6,00,000			6,00,000

Date	Particulars	Amount	Date	Particulars	Amount
Dr.	Purchases A/c				Cr.
2018			2018
Jan. 24	To Cash A/c	80,000	Oct. 25	By Charity A/c	6,000
			Mar. 31	By Balance c/d	74,000
		80,000			80,000

Date	Particulars	Amount	Date	Particulars	Amount
Dr.	Sale A/c				Cr.
2018			2018
			Apr. 10	By Cash A/c	50,000
Mar. 31	To Balance c/d	50,000
		50,000			50,000

Date	Particulars	Amount	Date	Particulars	Amount
Dr.	Bank A/c				Cr.
2018			2018
Jun. 21	To Cash A/c	2,00,000	Sep.16	By Furniture A/c	32,000
			Sep.16	By Input CGST A/c	800
			Sep.16	By Input SGST A/c	800
			Mar. 31	By Balance c/d	1,66,400
		2,00,000			2,00,000

Date	Particulars	Amount	Date	Particulars	Amount
Dr.	Furniture A/c				Cr.
2018			2018
Sep. 16	To Bank A/c	32,000	Apr. 10	By Depreciation A/c	3,000
			Mar. 31	By Balance c/d	29,000
		32,000			32,000

Date	Particulars	Amount	Date	Particulars	Amount
Dr.	Charity A/c				Cr.
2018			2018
Oct. 25	To Purchases A/c	6,000
Oct. 25	To Input CGST A/c	150
Oct. 25	To Input SGST A/c	150
			Mar. 31	By Balance c/d	6,300
		6,300			6,300

Date	Particulars	Amount	Date	Particulars	Amount
Dr.	Input CGST A/c				Cr.
2018			2018
Jul. 24	To Cash A/c	2,000	Apr. 10	By Charity A/c	150
Sep. 16	To Bank A/c	800
Jan. 23	To Cash A/c	28,000
			Mar. 31	By Balance c/d	30,650
		30,800			30,800

Date	Particulars	Amount	Date	Particulars	Amount
Dr.	Input SGST A/c				Cr.
2018			2018
Jul. 24	To Cash A/c	2,000	Apr. 10	By Charity A/c	150
Sep. 16	To Bank A/c	800
Jan. 23	To Cash A/c	28,000
			Mar. 31	By Balance c/d	30,650
		30,800			30,800