Question No 01 Chapter No 6 – USHA Publication 11 Class

Question No 01 Chapter No 6

Question No 01 Chapter No 6

01. Journalise the following transaction in the book of Joginder Singh, assuming all Transaction has occurred the state of J&K, charging 6% CGST and 6% SGST

2018  
Jan. 1 Purchased goods for Rs 4,00,000 from Avtar Singh Locally
Jan. 18 Sold goods to Jasbir Singh for Rs 5,00,000 in the same State
Feb. 10 Paid telephone bill Rs 8,000 by cheque
Mar. 14 Purchased chairs for the office Rs 30,000 from Kuldip Furniture Hose Locally
Mar. 31 GST deposited with Government 

 

The solution of Question No 01 Chapter No 6: –

 

In the Books of Joginder Singh
Date Particulars
L.F. Debit Credit
2019          
Jan. 3 Purchases A/c Dr.   4,00,000  
  Input CGST A/c Dr.   24,000  
  Input SGST A/c Dr.   24,000  
  To Avtar Singh A/c       4,48,000
  (Being goods bought from Avtar Singh plus 6% CGST and SGST. )      
         
Jan. 18 Jasbir Singh A/c Dr.   6,16,000  
  To Sale A/c     5,50,000
  To Output CGST A/c     33,000
  To Output SGST A/c     33,000
  (Being goods sold to Jasbir Singh plus 6% CGST and SGST)      
         
Feb. 10 Telephone bill A/c Dr.   8,000  
  Input CGST A/c Dr.   480  
  Input SGST A/c Dr.   480  
  To Bank A/c     8,960
  (Being paid telephone bill plus 6% CGST and SGST. )      
         
Mar. 14 Furniture A/c Dr.   30,000  
  Input CGST A/c Dr.   1,800  
  Input SGST A/c Dr.   1,800  
  To Kuldip Furniture House A/c     33,600
  (Being chair bought from Kuldip furniture hose plus 6% CGST and SGST. )      
         
Mar. 31 CGST payable A/c Dr.   26,280  
  To Input CGST A/c     26,280
  (Being Input CGST transfer to CGST payable )      
         
Mar. 31 SGST payable A/c Dr.   26,280  
  To Input SGST A/c     26,280
  (Being Input SGST transfer to SGST payable )      
         
Mar. 31 Output CGST A/c Dr.   33,000  
  To CGST payable A/c     33,000
  (Being Output CGST transfer to CGST payable )      
         
Mar. 31 Output SGST A/c Dr.   33,000  
  To SGST payable A/c     33,000
  (Being Output SGST transfer to SGST payable )      
         
Mar. 31 CGST payable A/c Dr.   6,720  
  SGST payable A/c Dr.   6,720  
  To Bank A/c     13,440
  (Being balance to CGST paid to Government )      
         

 

 

What is Accounting Equation | Example

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Also, Check out the solved question of all Chapters: –

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Vouchers and transactions

Chapter No. 4 – Journal

Chapter No. 5 – Ledger

Chapter No. 6 – Cash Book

Chapter No. 7 – Other Subsidiary Books

Chapter No. 8 – Journal Proper

Chapter No. 9 – Trial Balance 

Chapter No. 10 – Bank Reconciliation Statement

Chapter No. 11 – Depreciation

Chapter No. 12 – Provisions and Reserves 

Chapter No. 13 – Bills of Exchange

Chapter No. 14 – Rectification of Errors 

Chapter No. 15 – Financial Statements – (Without Adjustments)

Chapter No. 16 – Financial Statements – (With Adjustments)

 

 

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