Question No 02 Chapter No 6 – USHA Publication 11 Class

Q-02 - CH-6 - USHA +1 Book 2020 - Solution

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15,000 Feb. 18 Goods destroyed by rain Rs 20,000 Feb. 21 Paid for printing and Stationery Rs 10,000 Feb. 24 Goods are withdrawn by the proprietor for personal use Rs 16,000 Feb. 28 Settled balance of GST amount, if any.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 )

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

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

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)

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

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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