Question

D.Chadha commenced business on 1st January, 2017. His transactions for the month are given below. Journalise them.

2018		₹
Jan. 1	Commenced business with cash	25,000
Jan. 2	Opened Bank Account with cheque from his Savings Account	2,25,000
Jan. 3	Bought goods from Ramesh & Co., Delhi, paid CGST and SGST @ 6% each	54,000
Jan. 3	Sold goods to Rajesh of ₹ 60,000, charged CGST and SGST @ 6% each
Jan. 7	Bought goods ₹ 65,000 from Rahul, Chennal, paid IGST @ 12%
Jan. 8	Paid wages in cash	8,000
Jan. 8	Sold goods to Mahesh, Kochi of ₹ 60,000; charged IGST @ 12%
Jan. 10	Received cheque from Rajesh(Discount allowed ₹ 1,200)	66,000
Jan. 10	Paid into bank	66,000
Jan. 11	Paid to Ramesh & Co. (discount received ₹ 2,700)	51,300
Jan. 12	Paid rent @ ₹ 15, 000 per month for three months up to March, paid CGST and SGST @ 6% each
Jan. 15	Paid wages in cash	8,000
Jan. 15	Paid office expenses in cash	700
Jan. 21	Sold to Mahesh, Delhi goods of ₹ 25,000, charged CGST and SGST @ 6% each
Jan. 22	Paid office expenses in cash	500
Jan. 22	Paid Rahul by cheque (discount ₹ 3,200)	61,300
Jan. 25	Received cheque from Mahesh Kochi (discount ₹ 1,500)	65,700
Jan. 27	Mahesh, Delhi returned goods (not up to sample)	2,000
Jan. 29	Paid wages in cash	10,000
Jan. 31	Paid office expenses in cash	400
Jan. 31	Paid salaries for the month	20,000

Answer 1

Books of D. Chadha Journal
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
2018
Jan.01	Cash A/c	Dr.		25,000
	To Capital A/c				25,000
	(Started business with Cash)
Jan.02	Bank A/c	Dr.		2,25,000
	To Cash A/c				2,25,000
	(Opened Bank Account with his Savings Bank Account Cheque)
Jan.03	Purchases A/c Input CGST A/c Input SGST A/c	Dr. Dr. Dr.		54,000 3,240 3,240
	To Ramesh & Co				60,480
	(Bought goods from Ramesh & Co @ 6% CGST and SGST)
Jan.03	Rajesh	Dr.		67,200
	To Sales A/c To Output CGST A/c To Output SGST A/c				60,000 3,600 3,600
	(Sold goods to Rajesh @ 6% CGST and SGST)
Jan.07	Purchases A/c Input IGST A/c	Dr. Dr.		65,000 7,800
	To Rahul				72,800
	(Bought goods from Rahul @ 12% IGST)
Jan.08	Wages A/c	Dr.		800
	To Cash A/c				800
	(Paid Wages)
Jan.08	Mahesh	Dr.		67,200
	To Sales A/c To Output IGST A/c				60,000 7,200
	(Sold goods to Mahesh @ 12% IGST)
Jan.10	Bank A/c	Dr.		66,000
	Discount Allowed A/c	Dr.		1,200
	To Rajesh				67,200
	(Received cheque from Rajesh and discount allowed)
Jan.10	Bank A/c	Dr.		66,000
	To Cash				66,000
	( Paid into Bank)
Jan.11	Ramesh & Co	Dr.		54,000
	To Cash A/c				51,300
	To Discount Received				2,700
	(Paid to Ramesh & Co and Discount Received)
Jan.12	Prepaid Rent A/c Input CGST A/c Input SGST A/c	Dr. Dr. Dr.		15,000 900 900
	To Cash A/c				16,800
	(Paid rent in advance upto March plus 6% CGST and SGST)
Jan.15	Wages A/c	Dr.		8,000
	Expenses A/c	Dr.		700
	To Cash A/c				8,700
	(Paid wages and office expenses in cash)
Jan.21	Mahesh	Dr.		28,000
	To Sales A/c To Output CGST A/c To Output SGST A/c				25,000 1,500 1,500
	(Sold goods to Mahesh Chand)
Jan.22	Expenses A/c	Dr.		500
	To Cash A/c				500
	(Paid office expenses)
Jan.22	Rahul	Dr.		64,500
	To Bank A/c				61,300
	To Discount Received A/c				3,200
	(Paid to Rahul and discount received)
Jan.25	Bank A/c	Dr.		65,700
	Discount Allowed A/c	Dr.		1,500
	To Mahesh Chand				67,200
	(Received Cheque from Mahesh Chand and discount allowed)
Jan.27	Sales Return A/c Output CGST A/c Output SGST A/c	Dr. Dr. Dr.		2,000 120 120
	To Mahesh				2,240
	(Goods returned by Mahesh Chand and GST @ 6% reversed)
Jan.29	Wages A/c	Dr.		10,000
	To Cash A/c				10,000
	(Paid wages in Cash)
Jan.31	Expenses A/c	Dr.		400
	Salaries A/c	Dr.		20,000
	To Cash A/c				20,400
	(Paid office expenses and salaries in cash)