Journalise the following transactions in the books of Gupta Bros., Lucknow (UP): CGST and SGST is levied @` 9%` each on intra-state (within the state) sale and purchase and IGST is levied @ `18%` on inter-state (Outside the state) sale and purchase.
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Record the following transactions in the Journal of Ashoka Furniture Traders, Ludhiana (Panjab): CGST and SGST is levied @ 6% each on intra-state sale and purchase. IGST is levied @ 12% on inter-state sale and purchase.
Enter the following transactions in the Journal of Suresh, Delhi who trades in readymade garments: CGST and SGST is levied @ 6% each on intra-state sale and purchase. IGST is levied @ 12% on inter-state sale and purchase. Out of the above, transactions marked with (*) are not subject to levy of GST.
Record the following transactions in Journal in the books of Shyam & Co., Delhi: (i) Received cash from Ram of Delhi for a bad debt written off last year Rs. 10,000. (ii) Paid in cash Rs. 9,800 to Sohan of Delhi on his account for Rs. 10,000 in settlement. (iii) Received Rs. 9,750 from Hari in full settlement of his account for Rs. 10,000. (iv) Bought goods at the list price of Rs. 25,000 from Mohan, Meerut (UP) less 20% trade discount and 2% cash discount and paid 40% by cheque. (v) Sold goods to Rakesh of Delhi at the list price of Rs. 50,000,less 20% trade discount of 2% cash discount and paid 50% by cheque. (vi) Sold goods to James of Kolkata for Rs. 10,000, allowing him a trade discount of 5% and a cash discount of 10% . CGST and SGST is levied @ 9% each on intra-state purchase and sale of goods. IGST is levied @ 18% on inter-state purchase and sale of goods.
Journalise the following transactions in the books of Ashutosh, Kolkata: (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 D. Lal, Kanpur for Rs. 2,00,000 out of which cheque was issued for Rs. 60, 000. (iii) Sold goods on credit to Ramesh, Kolkata for Rs. 1,60,000. (iv) Received Rs. 1,84,800 by cheque from Ramesh in full settlement of his account. (v) Paid Rs. 1,74,000 to D. Lal in full settlement of amount due to him. (vi) A new machine of Rs. 2,40,000 was purchased from Machine Tools Ltd., Delhi in exchange of an old machine valued at Rs. 50,000. He gave a cheque of Rs. 1,00,000 from his savings account and balance from firm's account. (vii) Purchased machinery from Pele & Sons, Kolkata for Rs. 50,000 on credit. (viii) Depreciation of Rs. 5,000 was provided on the machinery at the end of the year. (ix) Ashutosh issued a chaque for Rs. 50,000 from his savings account in firm's name. (x) Paid Rs. 5,000 as income tax. (xi) A cheque amounting to Rs. 50, 000 deposited in the bank from his savings account returned dishonoured for technical reasons. CGST and SGST @ 9% each is to be levied on intra-state (within the state purchase and sale ) while IGST is to be levied @ 18% on inter-state transactions.
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