Question No 03 Chapter No 6 - USHA Publication 11 Class

Question No 03 Chapter No 6

Table of Contents

The solution of Question No 03 Chapter No 6: –

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

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. )