Question No 02 Chapter No 6 – USHA Publication 11 Class

Question No 02 Chapter No 6

Question No 02 Chapter No 6

02. Journalise the following transaction in the book of Shabina, assuming all Transaction has occurred the state of Delhi, charging 9% CGST and 9% SGST

2019  
Feb. 1 Purchased goods for Rs 2,50,000 from Wazid Ali
Feb. 6 Sold goods for Rs 3,00,000 to Sunil Dutti
Feb. 10 Return goods to Wazid Ali for Rs 25,000
Feb. 14  Sunil Dutti returned goods worth Rs 15,000
Feb. 18 Goods destroyed by rain Rs 20,000
Feb. 21 Paid for printing and Stationery Rs 10,000
Feb. 24 Goods are withdrawn by the proprietor for personal use Rs 16,000
Feb. 28 Settled balance of GST amount, if any.

 

The solution of Question No 02 Chapter No 6: –

 

In the Books of Shabina
Date Particulars
L.F. Debit Credit
2019          
Feb. 1 Purchases A/c Dr.   2,50,000  
  Input CGST A/c Dr.   22,500  
  Input SGST A/c Dr.   22,500  
  To Wazid Ali A/c       2,95,000
  (Being goods bought from Wazid Ali plus 9% CGST and SGST. )      
         
Feb. 6 Sunil Dutti A/c Dr.   3,54,000  
  To Sale A/c     3,00,000
  To Output CGST A/c     27,000
  To Output SGST A/c     27,000
  (Being goods sold to Sunil Dutti plus 9% CGST and SGST)      
         
Feb. 10 Wazid Ali A/c Dr.   29,500  
  To Purchases Return A/c       25,000
  To Input CGST A/c       2,250
  To Input SGST A/c     2,250
  (Being goods return to Wazid Ali plus 9% CGST and SGST)      
         
Feb. 14 Sale Return A/c Dr.   15,000  
  Output CGST A/c Dr.   1,350  
  Output SGST A/c Dr.   1,350  
  To Sunil Dutti A/c     17,700
  (Being Sunil return goods plus 9% CGST and SGST. )      
         
Feb. 18 Destroyed by Rain A/c Dr.   23,600  
  To Purchases A/c     20,000
  To Input CGST A/c     1,800
  To Input SGST A/c     1,800
  (Being destroyed by rain plus 9% CGST and SGST)      
         
Feb. 21 Printing & Stationery A/c Dr.   10,000  
  Input CGST A/c Dr.   900  
  Input SGST A/c Dr.   900  
  To Cash A/c     11,800
  (Being paid for printing and Stationary plus 9% CGST and SGST. )      
         
Feb. 24 Printing & Stationery A/c Dr.   18,880  
  To Purchases A/c     16,000
  To Input CGST A/c     1,440
  To Input SGST A/c     1,440
  (Being destroyed by rain plus 9% CGST and SGST)      
         
Feb. 28 CGST payable A/c Dr.   17,910  
  To Input CGST A/c     17,910
  (Being Input CGST transfer to CGST payable )      
         
Feb. 28 SGST payable A/c Dr.   17,910  
  To Input SGST A/c     17,910
  (Being Input SGST transfer to SGST payable )      
         
Feb. 28 Output CGST A/c Dr.   25,650  
  To CGST payable A/c     25,650
  (Being Output CGST transfer to CGST payable )      
         
Feb. 28 Output SGST A/c Dr.   25,650  
  To SGST payable A/c     25,650
  (Being Output SGST transfer to SGST payable )      
         
Feb. 28 CGST payable A/c Dr.   7,740  
  SGST payable A/c Dr.   7,740  
  To Bank A/c     15,480
  (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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