Question No 09 Chapter No 6

Question No 09 Chapter No 6

09. Pass entries in the books of all parties in the following cases assuming CGST @ 6% and SGST @ 6%

2018 
Mar.1Pass entries in the books of all parties in the following cases assuming CGST @ 6% and SGST @ 6%
Mar.5Deepak Patnaik sold goods to Suresh Yadav of Odisha for 1,80,000.
Mar.10Suresh Yadav sold goods to Ravi Chakravarti of West Bengal for 2,50,000. 
Mar.14Suresh Yadav sold goods to Ravi Chakravarti of West Bengal for 2,50,000. 

 

The solution of Question No 09 Chapter No 6: –

In the Books of Mahesh Chand, Bihar 
DateParticulars
L.F.DebitCredit
2019     
Mar 01Purchases A/cDr. 1,00,000 
 Input IGST A/cDr. 12,000 
 To Sunil Soren A/c   1,12,000
 (Being Purchased goods plus 12%)   
     
Mar 01Deepak Patnaik A/cDr. 1,68,000 
 To Sale A/c.  1,50,000
 To Output IGST A/c   18,000
 (Being Sold goods plus 12)   
     

 

In the Books of Sunil Soren, Jharkhand
DateParticulars
L.F.DebitCredit
2019     
Mar 01Mahesh Chand A/cDr. 1,12,000 
 To Sale A/c.  1,00,000
 To Output IGST A/c   12,000
 (Being Sold goods plus 12)   
     

 

In the Books of Deepak Patnaik, Odisha
DateParticulars
L.F.DebitCredit
2019     
Mar 01Purchases A/cDr. 1,00,000 
 Input IGST A/cDr. 12,000 
 To Sunil Soren A/c   1,12,000
 (Being Purchased goods plus 12%)   
     
Mar 01Deepak Patnaik A/cDr. 2,01,600 
 To Sale A/c.  1,80,000
 To Output CGST A/c   10,800
 To Output SGST A/c   10,800
 (Being Sold goods plus 6)   
     

 

In the Books of Suresh Yadav, Odisha
DateParticulars
L.F.DebitCredit
2019     
Mar 05Purchases A/cDr. 1,00,000 
 Input CGST A/cDr. 10,800 
 Input SGST A/cDr. 10,800 
 To Deepak Patnaik   2,01,600
 (Being Purchased goods plus 12%)   
     
Mar 10Ravi Chakravart A/cDr. 2,80,000 
 To Sale A/c.  2,50,000
 To Output IGST A/c   30,000
 (Being Sold goods plus 6)   
     

 

In the Books of Ravi Chakravarti, West Bengal
DateParticulars
L.F.DebitCredit
2019     
Mar 10Purchases A/cDr. 2,50,000 
 Input IGST A/cDr. 30,000 
 To Sunil Soren A/c   2,80,000
 (Being Purchased goods plus 12%)   
     
Mar 14Deepak Patnaik A/cDr. 3,92,000 
 To Sale A/c.  3,50,000
 To Output CGST A/c   21,000
 To Output SGST A/c   21,000
 (Being Sold goods costing . 2,50,000 at 40)   
     

 

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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