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Question 7 Chapter 5 – Unimax Publications of Class 11

Q7 - CH-5 Solution
Q7 - CH-5 Solution

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Question 7 Chapter 5 – Unimax

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7. Journalise the following transactions in the books of Gobind
(i) Purchased goods goods for Rs. 50,000 (Intra State) and Paid GST 18%.
(ii) Sold goods for Rs. 80,000 (including Profit of 25%) and Charge GST @ 18% (Intra- State )
(iii) Purchase Machinery Costing Rs. 60,000 from (Intra State) and Paid (GST 18%).

The solution of Question 7 Chapter 5 – Unimax:

JOURNAL

DateParticulars L.F.DebitCredit
      
(i)Purchase A/cDr. 50,000 
 Input CGST A/c  4,500 
 Input SGST A/c  4,500 
 To Creditors A/c   59,000
 (Being goods purchased and Input CGST, SGST claimed)    
      
(ii)Debtor’s A/cDr. 94,400 
 To Sales A/c   80,000
 To Output CGST A/c   7,200
 To Output SGST A/c   7,200
 (Being the sale made)    
      
(iii)Machinery A/c (Fixed Assets)Dr. 60,000 
 Input CGST A/c  5,400 
 Input SGST A/c  5,400 
 To Vendors A/c   70,800
 (Being Machinery purchased & Input CGST& Input SGST claimed)   

This is all about the Question 7 Chapter 5 – Unimax. You can check out the following article to better understand:

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Opening Journal Entry – its Rules and Examples 

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Opening Journal Entry – its Rules and Examples – In Hindi

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

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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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

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

You can also Check out the other Books’ Solution: –

 

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