Question No 08 Chapter No 6

Question No 08 Chapter No 6

08. Pass entries in the books of Krishnan of Bengaluru Karnataka in the following cases:

(i)Purchased goods from Karunakaran of Chennai for 1,00,000. IGST@18
(ii)Purchased goods from Karunakaran of Chennai for 1,00,000. IGST@18
(iii)Sold goods to S. Nair of Kerala for 2,60,000. IGST@18
(iv)Purchased a Machinery for 80,000 from Surya Ltd. against cheque. CGST@9
(v)Paid rent 30,000 by cheque. CGST@6
(vi)Paid rent 30,000 by cheque. CGST@6
(vii)Paid insurance premium 10,000 by cheque. CGST@9
(viii)Received commission 20,000 by cheque which is deposited into the bank. CGST@9
(ix)Payment made of the balance amount of GST.

 

The solution of Question No 08 Chapter No 6: –

In the Books of Radhika Traders
DateParticulars
L.F.DebitCredit
2019     
iPurchases A/cDr. 1,00,000 
 Input IGST A/cDr. 8,000 
 To Karunakaran A/c   1,18,000
 (Being Purchased goods on credit)   
     
iiGaneshan A/cDr. 1,68,000 
 To Sale A/c.  1,50,000
 To Output CGST A/c   9,000
 To Output SGST A/c   9,000
 (Being Sold goods n credit)   
      
iiiS. Nair A/cDr. 3,06,800 
 To Sale A/c   2,60,000
 To Output IGST A/c   46,800
 (Being Sold goods on credit)   
     
ivMachinery A/cDr. 80,000 
 Input CGST A/cDr. 7,200 
 Input SGST A/cDr. 7,200 
 To Bank A/c   94,400
 (Being Purchased Motor bike against cheque)    
      
vRent A/cDr. 30,000 
 Input CGST A/cDr. 1,800 
 Input SGST A/cDr. 1,800 
 To Bank A/c   33,600
 (Being Purchased office furniture)    
      
viPurchases A/cDr. 2,00,000 
 Input CGST A/cDr. 12,000 
 Input SGST A/cDr. 12,000 
 To Ram Mohan Rai A/c   2,24,000
 (Being Purchased goods on credit)    
      
viiInsurance Premium A/cDr. 10,000 
 Input CGST A/cDr. 900 
 Input SGST A/cDr. 900 
 To Bank A/c   11,800
 (Being Paid insurance premium by cheque)    
      
viiiBank A/cDr. 23,600 
 To Commission A/c   20,000
 To Output CGST A/c   1,800
 To Output SGST A/c   1,800
 (Being Received commission and deposited in bank)    
      
viOutput CGST A/cDr. 18,000 
 Output IGST A/c   18,000
 (Being Input Tax credit up to Rs.27,000 availed and balance to bead just against Output CGST)    
      
 Output CGST A/cDr. 10,800 
 Output SGST A/cDr. 10,800 
 To Input CGST A/c   10,800
 To Input SGST A/c   10,800
 (Being Input tax credit availed and balance paid)    
      
 Output IGST A/cDr. 28,800 
 To Input SGST A/c   11,100
 To Input IGST A/c   11,100
 To Bank A/c   6,600
 (Being Input tax credit availed and balance paid)    
     

 

How to make Journal Entries in Accounting – Explanation

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

D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution

Chapter 1 Evolution of Accounting & Basic Accounting Terms

Chapter 2 Accounting Equations

Chapter 3 Meaning and Objectives of Accounting

Chapter 4 Double Entry System

Chapter 5 Books of Original Entry – Journal 

Chapter 6 Accounting for Goods and Service Tax (GST) (Coming soon)

Chapter 7 Books of Original Entry – Cash Book (Coming soon)

Chapter 8 Books of Original Entry – Special Purpose Subsidiary Books (Coming soon)

Chapter 9 Ledger (Coming soon)

Chapter 10 Trial Balance and Errors (Coming soon)

Chapter 11 Bank Reconciliation Statement (Coming soon)

Chapter 12 Depreciation (Coming soon)

Chapter 13 Bills of Exchange (Coming soon)

Chapter 14 Generally Accepted Accounting Principles(GAAP) 

Chapter 15 Bases of Accounting

Chapter 16 Accounting Standards and International Financial Reporting Standard(IFRS) (Coming soon)

Chapter 17 Capital and Revenue 

Chapter 18 Provisions and Reserves 

Chapter 19 Final Accounts (Coming soon)

Chapter 20 Final Accounts – With Adjustments (Coming soon)

Chapter 21 Errors and their Rectification (Coming soon)

Chapter 22 Accounts from Incomplete Records – Single Entry System (Coming soon)

Chapter 23 Accounts of Not-for-Profit Organisations (Coming soon)

Chapter 24 Computerised Accounting System (Coming soon)

Chapter 25 Introduction to Accounting Information System (Coming soon)

 

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