# Question No 03 Chapter No 6 – USHA Publication 11 Class

Q-03 - CH-6 - USHA +1 Book 2020 - Solution

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. )

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## 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)