Question 7 Chapter 5 – Unimax Publications of Class 11

Q7 - CH-5 Solution

Question 7 Chapter 5 – Unimax

Free Accounting book Solution - Class 11 and Class 12

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

Date Particulars   L.F. Debit Credit
           
(i) Purchase A/c Dr.   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/c Dr.   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:

Opening Journal Entry – its Rules and Examples 

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

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.

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

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