Question
7: From
the following transactions of Kamal, Guwahati, prepare Purchases Book and post into Ledger:
|
2024 |
|
|
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 ` |
|
2024 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. |
` |
||
|
2024 |
|
|
|
2024 |
|
|
|
|
|
|
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. |
` |
|
2024 April 30 |
To Balance c/d |
|
2,01,600 |
2024 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. |
` |
|
2024 April 30 |
To Balance c/d |
|
95,200 |
2024 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. |
` |
|
2024 April
30 |
To
Sundries as per Purchases Book for April, 2024 |
|
7,30,000 |
|
|
|
|
|
Dr. |
INPUT
CGST ACCOUNT |
Cr. |
|||||
|
Date |
Particulars |
J.F. |
` |
Date |
Particulars |
J.F. |
` |
|
2024 April 30 |
To Sundries as per Purchases
Book for April, 2024 |
|
10,800 |
|
|
|
|
|
Dr. |
INPUT SGST ACCOUNT |
Cr. |
|||||
|
Date |
Particulars |
J.F. |
` |
Date |
Particulars |
J.F. |
` |
|
2024 April
30 |
To
Sundries as per Purchases Book for April, 2024 |
|
10,800 |
|
|
|
|
|
Dr. |
INPUT
IGST ACCOUNT |
Cr. |
|||||
|
Date |
Particulars |
J.F. |
` |
Date |
Particulars |
J.F. |
` |
|
2024 April 30 |
To Sundries as per Purchases
Book for April, 2024 |
|
66,000 |
|
|
|
|
Question
8: From
the following particulars, prepare Sales Book of Gupta & Co., Kolkata who
deals in furniture:
|
2024 |
|
|
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 ` |
|
2024 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. |
` |
|
2024 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 |
2024 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. |
` |
|
2024 Jan.10 |
To
Sales A/c To
Output IGST A/c |
|
30,000 3,600 |
2024 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. |
` |
|
2024 Jan.25 |
To
Sales A/c To
Output CGST A/c To
Output SGST A/c |
|
17,500 |
2024 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. |
` |
|
|
|
|
|
2024 Jan.31 |
By Sundries as Per Sales Book
for January, 2024 |
|
78,500 |
|
Dr.
|
OUTPUT CGST ACCOUNT |
Cr. |
|||||
|
Date |
Particulars |
J.F. |
` |
Date |
Particulars |
J.F. |
` |
|
|
|
|
|
2024 Jan.31 |
By Sundries as Per Sales Book
for January, 2024 |
|
2,910 |
|
Dr.
|
OUTPUT SGST ACCOUNT |
Cr. |
|||||
|
Date |
Particulars |
J.F. |
` |
Date |
Particulars |
J.F. |
` |
|
|
|
|
|
2024 Jan.31 |
By Sundries as Per Sales Book
for January, 2024 |
|
2,910 |
|
Dr.
|
OUTPUT IGST ACCOUNT |
Cr. |
|||||
|
Date |
Particulars |
J.F. |
` |
Date |
Particulars |
J.F. |
` |
|
|
|
|
|
2024 Jan.31 |
By Sundries as Per Sales Book
for January, 2024 |
|
3,600 |
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Ts Grewal Solution 2024-2025
Class 11th
Chapter 12 – Accounting of Goods and Services Tax (GST)