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Question No 01 Chapter No 6 – USHA Publication 11 Class

Question No 01 Chapter No 6
Q-01 - CH-6 - USHA +1 Book 2020 - Solution

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Question No 01 Chapter No 6

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

 

The solution of Question No 01 Chapter No 6: –

 

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

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

Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution

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Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Origin of Transactions

Chapter No. 4 – Vouchers and transactions

Chapter No. 5 – Journal

Chapter No. 6 – Accounting for Goods and Services Tax(GST)

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Chapter No. 7 – Ledger

Chapter No. 8 – Cash Book

Chapter No. 9 – Other Subsidiary Books

Chapter No. 10 – Journal Proper

Chapter No. 11 – Trial Balance

Chapter No. 12 – Bank Reconciliation Statement

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Chapter No. 13 – Depreciation

Chapter No. 14 – Provisions and Reserves 

Chapter No. 15 – Bills of Exchange

Chapter No. 16 – Rectification of Errors 

Chapter No. 17 – Financial Statements – (Without Adjustments)

Chapter No. 18 – Financial Statements – (With Adjustments)

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