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11th | Accounting of Goods and Services Tax (GST) | Question No. 7 and 8 | Ts Grewal Solution 2022-2023

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

 

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