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Question No 05 Chapter No 6 – USHA Publication 11 Class

Question No 05 Chapter No 6
Q-05 - CH-6 - USHA +1 Book 2020 - Solution

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Question No 05 Chapter No 6

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05. Record the following transaction in the book of Darshan Kumar:

2018 
Oct. 2Purchased goods for Rs 6,00,000 from Mamta outside the state
Oct. 18Sold goods for RS 4,00,000 outside the state to Jagdish Singh
Nov. 15Sold goods for Rs 3,50,000 locally to Kamaljit Kaur
Nov. 29Paid Rs 3,000 for refreshment in cash 
Dec. 10Purchased printer for office 20,000(locally) from Prem Kumar
Dec. 31Paid balance GST to the government
 (assuming CGST @9% and SGST @9%)

 

The solution of Question No 05 Chapter No 6: –

 

In the Books of Darshan Kumar
DateParticulars
L.F.DebitCredit
2019     
Oct. 2Purchases A/cDr. 6,00,000 
 Input CGST A/cDr. 54,000 
 Input SGST A/cDr. 54,000 
 To Mamta A/c   7,08,000
 (Being goods bought from Mamta plus 9% CGST and SGST. )   
     
Oct. 18Jagdish Singh A/cDr. 4,72,000 
 To Sale A/c  4,00,000
 To Output CGST A/c  36,000
 To Output SGST A/c  36,000
 (Being goods sold to Jagdish Singh plus 9% CGST and SGST)   
     
Nov. 15Kamaljit Kaur A/cDr. 4,13,000 
 To Sale A/c   3,50,000
 To Output CGST A/c   31,500
 To Output SGST A/c  31,500
 (Being goods sold to Kamaljit Singh plus 9% CGST and SGST)   
     
Nov. 29Refreshment A/cDr. 3,000 
 Input CGST A/cDr. 270 
 Input SGST A/cDr. 270 
 To Cash A/c  3,540
 (Being paid for Refreshment plus 9% CGST and SGST. )   
     
Dec. 10Printer A/cDr. 20,000 
 Input CGST A/cDr. 1,800 
 Input SGST A/cDr. 1,800 
 To Cash A/c  23,600
 (Being paid for printer plus 9% CGST and SGST. )   
     
Dec. 31CGST payable A/cDr. 56,070 
 To Input CGST A/c  56,070
 (Being Input CGST transfer to CGST payable )   
     
Dec. 31SGST payable A/cDr. 56,070 
 To Input SGST A/c  56,070
 (Being Input SGST transfer to SGST payable )   
     
Dec. 31Output CGST A/cDr. 67,500 
 To CGST payable A/c  67,500
 (Being Output CGST transfer to CGST payable )   
     
Dec. 31Output SGST A/cDr. 67,500 
 To SGST payable A/c  67,500
 (Being Output SGST transfer to SGST payable )   
     
Dec. 31CGST payable A/cDr. 11,430 
 SGST payable A/cDr. 11,430 
 To Bank A/c  22,860
 (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

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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)

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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

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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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