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Question 8 Chapter 5 – Unimax Publications of Class 11

Q8 - CH-5 Solution
Q8 - CH-5 Solution

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Question 8 Chapter 5 – Unimax

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

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

The solution of Question 8 Chapter 5 – Unimax:

JOURNAL

DateParticulars L.F.DebitCredit
1.Setting off Input CGST against Output CGST    
      
 Output CGST A/cDr. 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/cDr. 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/cDr. 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/cDr. 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/cDr. 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/cDr. 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:

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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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