Question 1

Question 1 Chapter 5 – Unimax Publications of Class 11

Sarbjit Singh · Accepted Answer

Question 1 Chapter 5 – Unimax Publications of Class 11
1. Pass entries in the books of Surindra assuming all transactions have taken place within the state. Assume CGST @9% and SGST@9%.2020April 1 Purchased goods for Rs. 6,00,000 from Mohan & Sons.April 4 Sold goods for Rs. 10,00,000 to Sohan& Co.April 5 Goods returned Rs. 1,00,000 to Mohan & Sons.April 10 Paid for Advertisement Rs. 40,000 by chequeApril 15 Goods returned by Sohan & Co. Rs. 2,00,000April 20 Purchased Furniture f

Question 2

Question 2 Chapter 5 – Unimax Publications of Class 11

Sarbjit Singh · Accepted Answer

Question 2 Chapter 5 – Unimax Publications of Class 11
2. Pass entries in the books of Anmol assuming all transactions have been enteredState of Punjab.2020Jan.1 Purchased goods for Rs. 4,00,000 and payment made by cheque.Jan. 4 Sold goods for Rs. 2,00,000 to Ravi Singh.Jan. 6 Goods withdrawn by proprietor for personal use Rs. 20,000.Jan. 8 Purchased goods for Rs. 50,000 on credit from Sunil.Jan. 10 Paid for printing & stationery Rs. 10,000Jan. 18 Goods distributed as free samples Rs. 10,00

Question 3

Question 3 Chapter 5 – Unimax Publications of Class 11

Sarbjit Singh · Accepted Answer

Question 3 Chapter 5 – Unimax Publications of Class 11
3.Pass the Journal entries for the following transactions(i) Purchased goods from Sanjiv of Rs.40,000 plus IGST@12% at 10% Trade Discount Cash Discount. Paid amount at the time of purchase itself. (ii) Purchased goods from Vijay Rs.40,000 plus IGST @ 12% at 10% Trade Discount and Cash Discount. Half of the amount paid at the time of purchase.(iii) Sold goods to Anil for Rs. 20,000 plus CGST and SGST @6% each, allowed him 10% T ddiscount and

Question 4

Question 4 Chapter 5 – Unimax Publications of Class 11

Sarbjit Singh · Accepted Answer

Question 4 Chapter 5 – Unimax Publications of Class 11
4. Journalise the following transactions in the books of Harmeet Enterprises, Delhi:(i) Purchased goods from Sarpreet & Co., Delhi of list price Rs.25,000 at 20% trade discount and 3% cash discount on value of goods. Paid CGST and SGST 6% each. Payment made immediately and availed cash discount.(ii) Purchased goods from Kritika Agencies, Delhi of list price Rs.20,000 at 25% trade discount and 2% cash discount. Paid CGST and SGST@ 6% eac

Question 5

Question 5 Chapter 5 – Unimax Publications of Class 11

Sarbjit Singh · Accepted Answer

Question 5 Chapter 5 – Unimax Publications of Class 11
5. Pass Opening Journal entry:
BALANCE SHEET AS AT 31ST MARCH, 2020

Liabilities 
Rs. 
Assets
Rs.

Sundry Creditors
56,000
Cash in Hand
4,300

Capital
2,14,000
Cash at Bank
26,750

Sundry Debtors
74,950

Closing Stock
90,000

Input CGST
5,000

Input SGST
5,000

Input IGST
4,000

Machinery and Equipment
60,000

2,70,000
 
2,70,000

T

Question 6

Question 6 Chapter 5 – Unimax Publications of Class 11

Sarbjit Singh · Accepted Answer

Question 6 Chapter 5 – Unimax Publications of Class 11
6.Journalise the following transactions in the books of Verma of Delhi:(i) Paid Rs. 5,000 in cash as wages on installation of machinery.(ii) Sold goods to Laxman of Delhi at the list price Rs. 20,000 less trade discount 10% add CGST and SGST@6% each, and allowed cash discount 5%. He paid the amount immediately.(iii) Sold goods costing Rs. 60,000 to Sham of Kolkata issued invoice at 10% above cost less 5% Trade discount plus IGST 12%.(iv) Go

Question 7

Question 7 Chapter 5 – Unimax Publications of Class 11

Sarbjit Singh · Accepted Answer

Question 7 Chapter 5 – Unimax Publications of Class 11
7. Journalise the following transactions in the books of Gobind(i) Purchased goods goods for Rs. 50,000 (Intra State) and Paid GST 18%.(ii) Sold goods for Rs. 80,000 (including Profit of 25%) and Charge GST @ 18% (Intra- State )(iii) Purchase Machinery Costing Rs. 60,000 from (Intra State) and Paid (GST 18%).
The solution of Question 7 Chapter 5 – Unimax Publications of Class 11:
JOURNAL

Date
Particulars
 
L.F.
Debit
Credit

Question 8

Question 8 Chapter 5 – Unimax Publications of Class 11

Sarbjit Singh · Accepted Answer

Question 8 Chapter 5 – Unimax Publications of Class 11
8 Journalise the given data/setting off Input GST and Output GST amounts and Payment GST.

Input CGST = 10,000
Output SGST = 4,000

Input SGST = 10,000
Output SGST = 4,000

Input IGST = 10,000
Output IGST= 30,000

The solution of Question 8 Chapter 5 – Unimax Publications of Class 11:
JOURNAL

Date
Particulars
 
L.F.
Debit
Credit

1.
Setting off Input CGST against Output CGST

Question 9

Question 9 Chapter 5 – Unimax Publications of Class 11

Sarbjit Singh · Accepted Answer

Question 9 Chapter 5 – Unimax Publications of Class 11
9. Pass Journal entries for the following:(i) Interest due but not received Rs. 4,000.(ii) Salaries due to staff Rs. 25,000.(iii) Out of the rent paid this year, Rs. 2,000 relates to the next year.(iv) Provide 10% depreciation on furniture costing Rs. 5,000.(v)Goods used in making Furniture (Sale Price Rs. 2,000; Cost Rs. 1,500).(vi) Received commission of Rs. 10,000 plus CGST and SGST @ 6% each by cheque, half of Amount is in advance.
The

Question 10

Question 10 Chapter 5 – Unimax Publications of Class 11

Sarbjit Singh · Accepted Answer

Question 10 Chapter 5 – Unimax Publications of Class 11
10. Journalise the following transactions in the books of Varun, Delhi:(i) He started business contributing Rs. 10,000 in cash, Rs. 5,00,000 in cheque and a building Valued at Rs. 5,00,000.(ii) Purchased goods from Mohan Jaipur for Rs. 2,00,000 out of which cheque was issued for Rs. 60,000.(iii) Sold goods on credit to Ravinder, Delhi for Rs. 1,60,000.(iv) Received Rs. 1,75,700 by cheque from Ravinder in full settlement of his account.(v)

Question 11

Question 11 Chapter 5 – Unimax Publications of Class 11

Sarbjit Singh · Accepted Answer

Question 11 Chapter 5 – Unimax Publications of Class 11
11. Enter the following transactions in the books of Shriya Traders. Assume CGST @ 9%May 1 Purchased goods for Rs. 9,00,000 from Abhi at 20% .May 10 Sold goods Rs. 4,50,000 on cash.May 20 Paid for advertisement Rs. 45,000 by cheque.May 22 Sold goods for Rs. 1,50,000 and received a cheque.May 25 Received commission Rs. 15,000May 28 Purchased goods Rs. 1,50,000 C.D. @ 20%.May 31 Payment made of balance amount of GST.
The solution of Question

Question 12

Question 12 Chapter 5 – Unimax Publications of Class 11

Sarbjit Singh · Accepted Answer

Question 12 Chapter 5 – Unimax Publications of Class 11
12. Pass entries in the books of Mandeep Rai of Punjab assuming CGST @ 9% and SGST @ 9%2019Oct. 1 Purchased goods for Rs. 7,50,000 from Prince of Haryana.Oct. 3 Purchased goods for Rs. 75,000 from Hitesh of Punjab on cash.Oct. 9 Sold goods Rs. 1,50,000 to Bhawna of Delhi to 10% T.D.Oct. 10 Sold goods at Haryana Rs. 6,00,000 at 10% C.D.Oct. 15 Paid for advertisement Rs. 15,000Oct. 18 Purchased a computer for office use Rs. 60,000 and paymen

Date	Particulars		Debit	Credit
2020
Apr. 1	Purchases A/c	Dr.	6,00,000
	Input CGST A/c	Dr.	54,000
	Input SGST A/c	Dr.	54,000
	To Mohan& Sons A/c			7,08,000
	(Being good purchased from Mohan & Sons within the state)

Apr. 4	Sohan A/c	Dr.	11,80,000
	To Sales A/c			10,00,000
	To Output CGST A/c			90,000
	To Output SGST A/c			90,000
	(Being goods sold to Sohan within the state)

Apr. 5	Mohan& Sons A/c	Dr.	1,18,000
	To Purchase Return A/c			1,00,000
	To Input CGST A/c			9,000
	To Input SGST A/c			9,000
	(Being goods returned to Mohan & Sons)

Apr. 10	Advertisement A/c	Dr.	40,000
	Input CGST A/c	Dr.	3,600
	Input SGST A/c	Dr.	3,600
	To Bank A/c			47,200
	(Being advertisement paid by cheque and GST levied)

Apr. 15	Sales Return A/c	Dr.	2,00,000
	Output CGST A/c	Dr.	18,000
	Output SGST A/c	Dr.	18,000
	To Sohan A/c			2,36,000
	(Being goods returned by Sohan and GST levied)

Apr. 20	Furniture A/c	Dr.	1,00,000
	Input CGST A/c	Dr.	9,000
	Input SGST A/c	Dr.	9,000
	To Bank A/c			1,18,000
	(Being furniture purchased by cheque and GST paid)

Apr. 22	Printing & Stationery A/c	Dr.	10,000
	Input CGST A/c	Dr.	900
	Input SGST A/c	Dr.	900
	To Cash A/c			11,800
	(Being printing& stationery paid)

Unimax Accountancy Class 11 - 2023 Solutions Chapter 5 Goods and Services Tax (GST) : An Introduction - Unimax

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