Question 8 Chapter 5 – Unimax Publications of Class 11

Posted by By Harveerjot Singh 7 Min Read May 18, 2022
Q8 - CH-5 Solution
Q8 - CH-5 Solution

Question 8 Chapter 5 – Unimax

8 Journalise the given data/setting off Input GST and Output GST amounts and Payment GST.

Input CGST = 10,000 Output SGST = 4,000
Input SGST = 10,000 Output SGST = 4,000
Input IGST = 10,000 Output IGST= 30,000

The solution of Question 8 Chapter 5 – Unimax:

JOURNAL

Date Particulars   L.F. Debit Credit
1. Setting off Input CGST against Output CGST        
           
  Output CGST A/c Dr.   4,000  
  To Input CGST A/C       4,000
  (Being the input CGST set off against Output CGST)        
           
2. Setting off Input CGST against output IGST        
           
  Output IGST A/c Dr.   6,000  
  To Input CGST A/C       6,000
  (Being the input CGST set off against Output IGST)        
           
3. Setting off Input SGST against Output SGST        
           
  Output SGST A/c Dr.   4,000  
  To Input SGST A/C       4,000
  (Being input SGST set off against Output SGST)        
           
4. Setting off Input SGST against Output IGST        
           
  Output IGST A/c Dr.   6,000  
  To Input IGST A/C       6,000
  (Being the input SGST set off against Output IGST)        
           
5. Setting off Input IGST against Output IGST        
           
  Output IGST A/c Dr.   10,000  
  To Input IGST A/C       10,000
  (Being the input IGST set off against Output IGST)        
           
6. For the Payment of GST        
           
  Output IGST A/c Dr.   8,000  
  To Bank A/C       8,000
  (Being the Balance Paid)      

This is all about the Question 8 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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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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