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On 1st January, 2019, Ram of Kolkata com...

On 1st January, 2019, Ram of Kolkata commenced business with a capital of Rs. 50,000 and entered into following transactions:
Pass the following transactions through proper books to the Ledger. Take out a Trial Balance as on 31st January, 2019. The Cash Book must be balanced.


Transactions marked with (*) are intra-state transactions subject to CGST and SGST @ 6% each.
Transactions marked with (**) are inter-state transactions subject to IGST @ 12%.

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The correct Answer is:
Total of Purchases Book-Rs. 19,040; Cash Book Balances: Cash-Rs. 8,300; Bank-Rs. 6,800; Total of Sales Book-Rs. 20,720; Total of Sales Return Book-Rs. 1,680; Total of Trial Balance-Rs. 81,680.
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On 1st March, 2019, Shri Kailash Chand, Lucknow commenced business with cash Rs. 50,000. The following are his transactions for the month of March, 2019. Record them in proper books, post them to the Ledger and take out a Trial Balance: Transactions marked with (*) are intra-state transactions subject to CGST and SGST @ 6% each. Transactions marked with (**) are inter-state transactions subject to IGST @ 12%.

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