Question 7: From
the following transactions of Kamal, Guwahati, prepare Purchases Book and post
into Ledger:
|
2022 |
|
|
April 1 |
Purchased from Videocon India Ltd,
Kolkata: 30 Colour T.Vs@ `
15,000 each, less Trade Discount @ 10% plus IGST @ 12%. |
|
April 15 |
Purchased from Sony India Ltd,
Guwahati: 10 colour T.Vs @ ` 20,000
each less Trade Discount@10% plus CGST and SGST @ 6% each. |
|
April 20 |
April 20 Purchased from Music India
Ltd, Delhi: 10 music systems @ ` 10,000
each less Trade Discount @ 15% plus IGST @ 129%. |
|
April 30 |
Purchased from Videocon India Ltd,
Kolkata: 5 washing machines @ ` 15,000
each less Trade Discount @ 20% plus IGST@ 12%. |
Answer:
|
In the Books of Kamal, Guwahati PURCHASES BOOK |
|||||||||
|
Date |
Particulars |
Invoice No. |
L.F. |
Details ` |
Cost ` |
Input CGST ` |
Input SGST ` |
Input IGST ` |
Total ` |
|
2022 April 1 April 15 April 20 April 30 April 30 |
Videocon India Ltd., Kolkata 30 Colour TVs @
` 15,000 each Less:
Trade Discount 10% Add: IGST @ 12% |
|
|
4,50,000 45,000 |
4,05,000 1,80,000 85,000 60,000 |
... 10,800 ... ... |
... 10,800 ... ... |
48,600 ... 10,200 7,200 |
4,53,600 2,01,600 95,200 67,200 |
|
4,05,000 48,600 |
|||||||||
|
4,53,600 |
|||||||||
|
Sony India Ltd., Guwahati 10 Colour TVs @ ` 20,000 each Less:
Trade Discount 10% Add: CGST @ 6% SGST @ 6% |
2,00,000 20,000 |
||||||||
|
1,80,000 10,800 10,800 |
|||||||||
|
2,01,600 |
|||||||||
|
Music India Ltd., Delhi 10 Music Systems @ ` 10,000 each Less: Trade
Discount 15% Add: IGST @
12% |
1,00,000 15,000 |
||||||||
|
85,000 10,200 |
|||||||||
|
95,200 |
|||||||||
|
Videocon India Ltd., Kolkata 5 Washing Machines @ ` 15,000 each Less: Trade
Discount 20% Add: IGST @
12% |
75,000 15,000 |
||||||||
|
60,000 7,200 |
|||||||||
|
67,200 |
|||||||||
|
|
|
7,30,000 |
10,800 |
10,800 |
66,000 |
8,17,600 |
|||
|
Ledger |
|||||||||
|
Dr. |
VIDEOCON INDIA LTD., KOLKATA |
Cr. |
|||||||
|
Date |
Particulars |
J.F. |
` |
Date |
Particulars |
J.F. |
` |
||
|
2022 |
|
|
|
2022 |
|
|
|
|
|
|
April 30 |
To Balance c/d |
5,20,800 |
April |
1 |
By |
Purchases A/c |
4,05,000 |
||
|
|
|
|
|
|
By |
Input IGST A/c |
48,600 |
||
|
|
|
|
April |
30 |
By |
Purchases A/c |
60,000 |
||
|
|
|
|
|
|
By |
Input IGST A/c |
7,200 |
||
|
|
|
5,20,800 |
|
|
|
|
5,20,800 |
||
|
|
|
|
|
|
|||||
|
Dr. |
SONY INDIA LTD., GUWAHATI |
Cr. |
|||||
|
Date |
Particulars |
J.F. |
` |
Date |
Particulars |
J.F. |
` |
|
2022 April 30 |
To Balance c/d |
|
2,01,600 |
2022 April 15 |
By Purchases A/c By Input CGST A/c By Input SGST A/c |
|
1,80,000 10,800 10,800 |
|
2,01,600 |
2,01,600 |
||||||
|
|
|||||||
|
Dr. |
MUSIC INDIA LTD., DELHI |
Cr. |
|||||
|
Date |
Particulars |
J.F. |
` |
Date |
Particulars |
J.F. |
` |
|
2022 April 30 |
To Balance c/d |
|
95,200 |
2022 April 20 |
By Purchases A/c By Input IGST A/c |
|
85,000 10,200 |
|
95,200 |
95,200 |
||||||
|
|
|||||||
|
Dr. |
PURCHASES
ACCOUNT |
Cr. |
|||||
|
Date |
Particulars |
J.F. |
` |
Date |
Particulars |
J.F. |
` |
|
2022 April 30 |
To Sundries as per Purchases Book for April, 2022 |
|
7,30,000 |
|
|
|
|
|
Dr. |
INPUT CGST
ACCOUNT |
Cr. |
|||||
|
Date |
Particulars |
J.F. |
` |
Date |
Particulars |
J.F. |
` |
|
2022 April 30 |
To Sundries as per Purchases Book for April, 2022 |
10,800 |
|
|
|
|
|
|
Dr. |
INPUT SGST ACCOUNT |
Cr. |
|||||
|
Date |
Particulars |
J.F. |
` |
Date |
Particulars |
J.F. |
` |
|
2022 April 30 |
To Sundries as per Purchases Book for April, 2022 |
|
10,800 |
|
|
|
|
|
Dr. |
INPUT IGST
ACCOUNT |
Cr. |
|||||
|
Date |
Particulars |
J.F. |
` |
Date |
Particulars |
J.F. |
` |
|
2022 April 30 |
To Sundries as per Purchases Book for April, 2022 |
|
66,000 |
|
|
|
|
Question 8: From the following particulars, prepare Sales Book of Gupta
& Co., Kolkata who deals in furniture:
|
2022 |
|
|
Jan. 5 |
Sold on credit to Hari & Co,
Kolkata: 10 Tables@ `
1,100 each 20 Chairs@ `
1,000 each Charged CGST and SGST @ 6% each |
|
Jan. 10 |
Sold to M/s. Sharma & Co., Delhi
on credit: 5 Almirahs @
` 5,000 each 5 Stools@ `
1,000 each Charged IGST @ 12% |
|
Jan. 20 |
Sold old typewriter for ` 600
to Raja & Co., Kolkata on credit Charged CGST and SGST @ 6% each |
|
Jan. 25 |
Sold to M/s. Sohan
Lal & Bros, Kolkata on credit: 5 Tables @ `
2,500 each 1 Revolving Chair @ ` 5,000 Charged CGST and SGST @ 6% each |
Show the Posting from Sales Book to
Ledger Accounts.
Answer:
|
In the Books of Gupta & Co., Kolkata SALES BOOK |
||||||||||
|
Date |
Particulars |
Invoice No. |
L.F. |
Details ` |
Sale Value ` |
Output CGST ` |
Output SGST ` |
Output IGST ` |
Freight & Packing Charges (`) |
Total ` |
|
2022 Jan.5 Jan.10 Jan.25 Jan.31 |
Hari & Co., Kolkata 10 Tables @ ` 1,100 each 20 Chairs @ ` 1,000 each Add: CGST @ 6% SGST @ 6% |
|
|
11,000 20,000 |
31,000 30,000 17,500 |
1,860 ... 1,050 |
1,860 ... 1,050 |
... 3,600 ... |
... ... ... |
34,720 33,600 19,600 |
|
31,000 1,860 1,860 |
||||||||||
|
34,720 |
||||||||||
|
M/s Sharma & Co., Delhi 5 Almirahs @ ` 5,000 each 5 Stools @ ` 1,000 each Add: IGST @
12% |
25,000 5,000 |
|||||||||
|
30,000 3,600 |
||||||||||
|
33,600 |
||||||||||
|
Sohan Lal & Bros., Kolkata 5 Tables @ ` 2,500 each 1 Revolving Chair @ ` 5,000 Add: CGST @ 6% SGST @ 6% |
12,500 5,000 |
|||||||||
|
17,500 1,050 1,050 |
||||||||||
|
19,600 |
||||||||||
|
|
|
78,500 |
2,910 |
2,910 |
3,600 |
... |
87,920 |
|||
|
|
Ledger |
|
|||||
|
Dr. |
HARI & CO., KOLKATA |
Cr. |
|||||
|
Date |
Particulars |
J.F. |
` |
Date |
Particulars |
J.F. |
` |
|
2022 Jan.5 Jan.5 Jan.5 |
To Sales A/c To Output CGST A/c To Output SGST A/c |
|
31,000 1,860 1,860 |
2022 Jan. 31 |
By Balance c/d |
|
34,720 |
|
34,720 |
34,720 |
||||||
|
|
|||||||
|
Dr. |
M/S SHARMA & CO., DELHI |
Cr. |
|||||
|
Date |
Particulars |
J.F. |
` |
Date |
Particulars |
J.F. |
` |
|
2022 Jan.10 |
To Sales A/c To Output IGST A/c |
|
30,000 3,600 |
2022 Jan. 31 |
By Balance c/d |
|
33,600 |
|
|
|
||||||
|
33,600 |
33,600 |
||||||
|
|
|
||||||
|
Dr. |
SOHAN LAL & BROS., KOLKATA |
Cr. |
|||||
|
Date |
Particulars |
J.F. |
` |
Date |
Particulars |
J.F. |
` |
|
2022 Jan.25 |
To Sales A/c To Output CGST A/c To Output SGST A/c |
|
17,500 |
2022 Jan.31 |
By Balance c/d |
|
19,600 |
|
1,050 |
|
||||||
|
1,050 |
|
||||||
|
19,600 |
19,600 |
||||||
|
Dr. |
SALES ACCOUNT |
Cr. |
|||||
|
Date |
Particulars |
J.F. |
` |
Date |
Particulars |
J.F. |
` |
|
|
|
|
|
2022 Jan.31 |
By Sundries as Per Sales Book for January, 2022 |
|
78,500 |
|
Dr. |
OUTPUT CGST ACCOUNT |
Cr. |
|||||
|
Date |
Particulars |
J.F. |
` |
Date |
Particulars |
J.F. |
` |
|
|
|
|
|
2022 Jan.31 |
By Sundries as Per Sales Book for January, 2022 |
|
2,910 |
|
Dr. |
OUTPUT SGST ACCOUNT |
Cr. |
|||||
|
Date |
Particulars |
J.F. |
` |
Date |
Particulars |
J.F. |
` |
|
|
|
|
|
2022 Jan.31 |
By Sundries as Per Sales Book for January, 2022 |
|
2,910 |
|
Dr. |
OUTPUT IGST ACCOUNT |
Cr. |
|||||
|
Date |
Particulars |
J.F. |
` |
Date |
Particulars |
J.F. |
` |
|
|
|
|
|
2022 Jan.31 |
By Sundries as Per Sales Book for January, 2022 |
|
3,600 |
Click below for more Questions
Ts Grewal Solution 2022-2023
Class 11th
Chapter 12 – Accounting of Goods and Services Tax (GST)
Question No. 1 and 2
Question No. 3 and 4
Question No. 5 and 6
Question No. 7 and 8
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12th TS Grewal’s Accountancy Solutions