DK Goel Solutions Chapter 10 Accounting for Goods and Service Tax (GST)

DK Goel Accountancy Class 11 Solutions Chapter 10 Accounting for Goods and Service Tax (GST) which are outlined by expert Accountancy teachers from the latest version of DK Goel Class 11 Accountancy books. We at BYJU’S provide DK Goel Solutions to assist students to comprehend all the theories in particular. There are numerous concepts in Accountancy, but the concepts of Trial Balance, Depreciation and Bank Reconciliation Statement (BRS) are required.

DK Goel Accountancy Class 11 Solutions – Chapter 10

Question 1

Prepare a book for all the parties mentioned below assuming CGST and SGST 9% each.

2018
April 5

April 7

April 15

April 20

Good sold by manufacturer Anu of Delhi to a dealer Biraj of Delhi for ₹50,000

Sold goods by Biraj to Chandan of Punjab for ₹1,20,000

Sold goods by Chandan to Deepa of Punjab for ₹1,50,000

Sold goods by Deepa to Eila of Maharashtra for ₹1,50,000 at a profit of 33 ½% on cost.

Solution

Journal For Anu
Date Particular L.F Amount Dr.

Amount Cr.

2018

April 5

Biraj Dr.

To Sales A/c

To Output CGST A/c

To Output SGST A/c

59,000 50,000

4,500

4,500

Journal For Biraj
Date Particular L.F Amount Dr.

Amount Cr.

2018

April 5

Purchase A/c Dr.

Input CGST A/c Dr.

Input SGST A/c Dr.

To Anu

(Goods purchased within the same state)

50,000

4,500

4,500

59,000
April 7 Chandan Dr.

To Sales A/c

To Output IGST A/c

(Goods sold outside the state)

1,41,000 1,20,000

21,600

Journal For Chandan
Date Particular L.F Amount Dr.

Amount Cr.

2018

April 7

Purchase A/c Dr.

Input IGST A/c

To Biraj

(Goods purchased from outside the state)

1,20,000

21,000

1,41,600
April 15 Deepa Dr.

To Sales A/c

To Output CGST A/c

To Output SGST A/c

(Goods sold within the same state)

1,77,000 1,50,000

13,500

13,500

Journal For Deepa
Date Particular L.F Amount Dr.

Amount Cr.

2018

April 15

Purchase A/c Dr.

Input CGST A/c

Input SGST A/c

To Chandra

(Goods purchased within the same state)

1,50,000

13,500

13,500

1,77,000
April 20 Eila Dr.

To Sales A/c

To Output IGST A/c

(Goods sold outside the state costing ₹1,50,000 at a profit of 33 ½% on cost)

2,36,000 2,00,000

36,000

Journal For Eile
Date Particular L.F Amount Dr.

Amount Cr.

2018

April 5

Purchase A/c Dr.

Input IGST A/c Dr.

To Deepa

(Goods purchased from outside the state)

2,00,000

36,000

2,36,000

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