Question No. 29 - Chapter No.8 - T.S. Grewal +1 Book 2019

Question No 29 Chapter No 8

Journalise the following in the books of Amit Saini, Gurugram (Haryana):

(i)Goods of Rs 5,000 were used by him for domestic purpose.
(ii)Rs. 2,000 due from Sohan became bad debts.
(iii)Goods of Rs 6,000 were destroyed by fire and were not insured.
(iv)Paid Rs 4,000 in cash as wages on installation of machine. GST is not to be levied.
(v)Sold goods to Arjun of Delhi of list price Rs 20,000. Trade discount @ 10% and cash discount of 5% was allowed. He paid the amount on the same day and availed the cash discount.
(vi)Received cash for a bad debt written off last year Rs 2,000
(vii)Goods of Rs 1,000 given as charity. 
(viii)Received Rs 9,750 from Ramesh in full settlement of his account of 10,000. 
(ix)Paid rent in advance Rs 4,000.

Solution of Question No 29 Chapter No 8: – 

In the Books of Amit Saini, Gurugram (Haryana)

Date  Particulars
(i)Drawing A/cDr. 5,600 
            To Purchase A/c  5,000
            To Input CGST A/c  300
            To Input SGST A/c  30
 (Being Goods used by owner for domestic purpose.)   
(ii)Bad Debts A/cDr. 2,000 
           To Sohan A/c   2,000
 (Being amount due from Sohan became bad debts)   
(iii)Loss by fire A/cDr. 6,720 
            To Purchase A/c  6,000
            To Input CGST A/c  360
            To Input SGST A/c  360
 (Being goods destroyed by fire)   
(iv)Machine A/cDr. 4,000 
            To Cash A/c  4,000
 (Being wages paid for installation of machine)   
(v)Cash A/cDr. 19,152 
 Discount Allowed A/cDr. 1,008 
            To Sales A/c  18,000
            To Output IGST A/c  2,160
 (Being goods sold to Arjun of Delhi for cash.)   
(vi)Cash A/cDr. 2,000 
            To Bad Debts recover A/c  2,000
 (Being Bad Debts recovered written as bad last year.)   
(vii)Charity A/cDr. 1,120 
            To Purchase A/c  1,000
            To Input CGST A/c  60
            To Input SGST A/c  60
 (Being goods given as charity)   
(viii)Cash A/cDr. 9,750 
 Discount Allowed A/cDr. 250 
            To Ramesh A/c  10,000
 (Being received from Ramesh in full settlement)   
(ix)Pre paid Rent A/cDr. 4,000 
            To Cash A/c  4,000
 (Being rent paid in advance.)   

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