Question 11 Chapter 6 – Unimax Publications of Class 11

Posted by By Harveerjot Singh 15 Min Read May 20, 2022
Question 11 - CH-6 Solution
Question 11 - CH-6 Solution

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  
  Input 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  
  Input IGST A/c     14,400  
  To Blue Traders       94,400
  (Being the goods purchased, IGST 18% being inter-state 94,400purchase)        
           
July 5 Input CGST A/c Dr.   1,000  
  Input SGST A/c     1,000  
  Input 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 CGST 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/G 2,385
To Cash Ac (Sales) 125    
To Cash A/c (Telephone) 90    
To Cash Ac (Electricity). 450    
       
  6,165   6,165

INPUT SGST 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/G 2,385
To Cash Ac (Sales) 125    
To Cash A/c (Telephone) 90    
To Cash Ac (Electricity). 450    
       
  6,165   6,165

INPUT IGST ACCOUNT

Particulars Amount Particulars Amount
To Blue Traders 14,400 By Output IGST A/G 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

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

This is all about the question 11 Chapter 6 – Unimax. You can check out the following article to better understand:

Ledger balancing or Closing of ledger account | Ledger

You Can also read all above articles in Hindi on our Hindi Website

Ledger balancing or Closing of ledger account | Ledger – In Hindi

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Comment if you have any doubt in the question 11 Chapter 6 – Unimax.

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 Reconlciliation Statement
  • Chapter No. 14 – Bills of Exchange

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

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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 Compurters 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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