Question No 03 Chapter No 6 – USHA Publication 11 Class

Question No 03 Chapter No 6

Question No 03 Chapter No 6

03. Record the following transaction in the book of Wazir Kaur, assuming all Transaction have occurred the state of Delhi, charging CGST 2.5% and SGST 2.5%

2019  
Feb.1 Purchased goods costing Rs 2,00,000 from Harbans Singh
Feb. 4 Sold goods coating Rs 1,60,000 for Rs 2,40,000 less 10% trade discount to Beant Singh
Feb. 9 Received cheque o Rs 1,40,000 from Beant Singh and deposited the same into a bank
Feb. 12 Received rent Rs 10,000
Feb. 15 Paid for telephone bills Rs 16,000
Feb. 18 Sold goods for Rs 60,000 Locally
Feb. 26 Purchased furniture Rs 24,000 and payment made by cheque

 

The solution of Question No 03 Chapter No 6: –

 

In the Books of Wazir Kaur
Date Particulars
L.F. Debit Credit
2019          
Feb. 1 Purchases A/c Dr.   2,00,000  
  Input CGST A/c Dr.   5,000  
  Input SGST A/c Dr.   5,000  
  To Harbans Singh A/c       2,10,000
  (Being goods bought from Harbans Singh plus 2.5% CGST and SGST. )      
         
Feb. 4 Beant Singh A/c Dr.   2,26,800  
  To Sale A/c     2,16,000
  To Output CGST A/c     5,400
  To Output SGST A/c     5,400
  (Being goods sold to Beant Singh les 10% trade discount plus 2.5% CGST and SGST)      
         
Feb. 9 Bank A/c Dr.   1,40,000  
  To Beant Singh A/c       1,40,000
  (Being cheque received from Beant Singh deposited into the bank )      
         
Feb. 12 Cash A/c Dr.   15,000  
  To Rent Received A/c       10,000
  To Output CGST A/c       2,500
  To Output SGST A/c     2,500
  (Being rent received plus 2.5% CGST and SGST)      
         
Feb. 15 Telephone Bill A/c Dr.   16,000  
  Input CGST A/c Dr.   400  
  Input SGST A/c Dr.   400  
  To Cash A/c     16,800
  (Being paid for telephone bill plus 2.5% CGST and SGST. )      
         
Feb. 18 Cash A/c Dr.   63,000  
  To Sale A/c       60,000
  To Output CGST A/c       1,500
  To Output SGST A/c     1,500
  (Being rent received plus 2.5% CGST and SGST)      
         
Feb. 26 Furniture A/c Dr.   24,000  
  Input CGST A/c Dr.   600  
  Input SGST A/c Dr.   600  
  To Bank A/c     25,200
  (Being furniture bought plus 2.5% CGST and SGST. )      
         

 

 

What is Accounting Equation | Example

Thanks, Please Like and share with your friends  

Comment if you have any question.

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)

 

 

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.