Question No 07 Chapter No 6 – USHA Publication 11 Class

Question No 07 Chapter No 6

Question No 07 Chapter No 6

07. Journalise the following transaction in the book of Arbaz Khan of U.P, assuming 14 % CGST and 14%SGST

2019  
Feb. 1 Purchased goods from Krishnamurti Of J&K and paid Rs 51,200 including GST
Feb. 4 Purchased goods from Raza Murad of U.P Costing Rs 60,000
Feb. 8 Sold goods to Mumtaz of Maharashtra and received Rs 1,28,000 including GST
Feb. 10 Paid for Air conditioner services and issued a cheque of Rs 12,800
Feb. 14 Purchased laptop for office use for Rs 50,000 from Sohail Kahn of U.P
Feb. 22 Paid for advertisement Rs 15,000 excluding GST
Feb. 28 Balance of GST paid by cheque, if any

 

The solution of Question No 07 Chapter No 6: –

 

In the Books of Arbaz Khan
Date Particulars
L.F. Debit Credit
2019          
Feb. 1 Purchases A/c Dr.   40,000  
  Input CGST A/c Dr.   5,600  
  Input SGST A/c Dr.   5,600  
  To Krishnamurti A/c       51,200
  (Being goods bought from Krishnamurti plus 14% CGST and SGST.)      
         
Feb. 4 Purchases A/c Dr.   60,000  
  Input CGST A/c Dr.   8,400  
  Input SGST A/c Dr.   8,400  
  To Raza Murad A/c     76,800
  (Being goods bought from Raza Murad plus 14% CGST and SGST. )      
         
Feb. 8 Maharashtra A/c Dr.   1,28,000  
  To Sale A/c     1,00,000
  To Output CGST A/c     14,000
  To Output SGST A/c     14,000
  (Being goods sold to Maharashtra plus 14% CGST and SGST)      
         
Feb. 10 Air conditioner A/c Dr.   10,000  
  Input CGST A/c Dr.   1,400  
  Input SGST A/c Dr.   1,400  
  To Bank A/c     12,800
  (Being cheque issued for air conditioner services plus 14% CGST and SGST. )      
         
Feb. 14 Laptop A/c Dr.   50,000  
  Input CGST A/c Dr.   7,000  
  Input SGST A/c Dr.   7,000  
  To Bank A/c     64,000
  (Being bought laptop plus 14% CGST and SGST. )      
         
Feb. 18 Diljeet A/c Dr.   64,0000  
  To Sale A/c       50,000
  To Output CGST A/c       7,000
  To Output SGST A/c     7,000
  (Being goods sold to Diljeet plus 14% CGST and SGST)      
         
Feb. 22 Diljeet A/c Dr.   15,000  
  Input CGST A/c Dr.   2,100  
  Input SGST A/c Dr.   2,100  
  To Cash A/c     19,200
  (Being cash paid for Advertisement plus 14% CGST and SGST. )      
         
Feb. 28 CGST payable A/c Dr.   24,500  
  To Input CGST A/c     24,500
  (Being Input CGST transfer to CGST payable )      
         
Feb. 28 SGST payable A/c Dr.   24,500  
  To Input SGST A/c     24,500
  (Being Input SGST transfer to SGST payable )      
         
Feb. 28 Output CGST A/c Dr.   21,000  
  To CGST payable A/c     21,000
  (Being Output CGST transfer to CGST payable )      
         
Feb. 28 Output SGST A/c Dr.   21,000  
  To SGST payable A/c     21,000
  (Being Output SGST transfer to SGST payable )      
         

 

 

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Also, Check out the solved question of all Chapters: –

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)

 

 

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