Question No 03 Chapter No 9 - USHA Publication 11 Class

Question No 03 Chapter No 9

3.Enter the following transaction in the purchase book of Goyal Brother, Punjab :

2018
Mar.1	Purchased on credit from Maharaj sport, Jalandhar
	50 wills Cricket Bats @ Rs 120 each
	40 Hockey sticks@ Rs 65 each
	(Trade discount 25%), CGST and SGST 2.5%)
Mar. 10	Purchased from Kapoor Sprot Co., Ludhiana
	20 Basket Balls @ RS 90 each
	26 foot balls @ Rs 80 each
	12 Volley Balls @ Rs 75 each
	(Trade discount 20%), Freight Rs 176, CGST and SGST 2.5%)
Mar.15	Bough from Yuvraj Spots House, Mumbai
	50 Carrom Boards @ Rs 120 each
	(Trade discount 30% IGST 5%)
	60 able Tennis Bats @ RS 145 each
	(Trade discount 20%, IGST 5%)
Mar.27	Bought from Mahajan Spots, Vishakhapatnam
	100 Cricket Balls @ Rs 40 each
	60 table tennis balls @ RS25 each
	(Trade discount 12%, Freight and IGST 5%)

The solution of Question No 03 Chapter No 9: –


Date	Particular	Detail	Cost	Input CGST	Input SGST	Input ISGT	Freight	Total
2018
Mar. 1	Maharaj Sports, Jalandhar
	50 wills cricket Bats @ Rs 120 each	6,000
	40 Hockey sticks @ Rs 65 each	2,600
		8,600
	Less: Trade Discount @25%	2,150
		6,450
	Add: CGST	161
	Add: SGST	161
		6,772	6,450	161	161			6,772

Mar. 10	Kapoor Sports Co., Ludhiana
	20 Basket Balls @ Rs 90 each	1,800
	26 Foot Balls @ Rs 80 each	2,080
	12 Volley Balls@ Rs 75 each	900
		4,780
	Less: Trade Discount @20%	956
		3,824
	Add: freight	176
		4,000
	Add: CGST	100
	Add: CGST	100
		4,200	3,824	100	100		176	4,200

Mar. 15	Yuvraj Sports House, Mumbai
	50 carrom Boards @ Rs 120 each	6,000
		6,000
	Less: Trade Discount @30%	1,800
		12,350
	Add: IGST	210
		4,410	4,200			210		4,410
	60 Table Tennis Bats @ Rs 145 each	8,700
	Less: Trade Discount @20%	1,740
		6,960
	Add: IGST	348
		7,308	6,960			348		7,308

Mar. 27	Mahajan Sports, Vishakhapatnam
	100 Cricket balls @ Rs 40 each	4,000
	60 Table Tennis Bats @ Rs 25 each	1,500
		5,500
	Less: Trade Discount @12%	660
		4,840
	Add: Fright	360
		5,200
	Add: IGST	260
		5,336				260	360	5,336
	Total		26,274	261	261	818	536	28,150