Question

Enter the following transactions in the Journal of M/s. Karim Bros., Prop. Shri Karim Khan, Kolkata, post to the Ledger and prepare the Trial Balance:

2018		₹
April 1	Assets: Cash in Hand ₹ 20,000; Cash at Bank ₹ 35,000; Stock ₹ 15,000; Furniture ₹ 4,500; Input SGST ₹ 5,000; Input IGST ₹ 2,000 Debtors: Poonam ₹ 20,000; Sonu ₹ 10,000 Creditors: Ashok ₹ 13,500; Pankaj ₹ 21,500
April 4	Purchased goods from Pankaj, Kolkata	5,000
April 7	Paid to Ashok by cheque in full settlement of his account*	13,000
April 10	Sold goods to Poonam, Delhi	11,000
April 12	Purchased goods from Ashok, Delhi	15,000
April 15	Sold goods to Sonu, Kanpur	6,000
April 18	Received cheque from Poonam*	24,500
	Allowed her discount*	1,500
April 25	Paid for stationery	1,200
April 27	Paid telephone bill by cheque	3,500
April 30	Paid salaries*	6,000

Inter-state transactions are subject to levy of IGST @ 12% and Intra-state transactions are subject to levy of CGST and SGST @ 6% each. GST is not levied on transactions marked with (*).

Answer 1

Journal
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
2018
Apr.01	Cash A/c	Dr.		20,000
	Bank A/c	Dr.		35,000
	Stock A/c	Dr.		15,000
	Furniture A/c	Dr.		4,500
	Poonam	Dr.		20,000
	Sonu	Dr.		10,000
	Input SGST	Dr.		5,000
	Input IGST	Dr.		2,000
	To Ashok				13,500
	To Pankaj				21,500
	To Capital A/c				76,500
	(Opening entry made)
Apr.04	Purchases A/c	Dr.		5,000
	Input CGST A/c	Dr.		300
	Input SGST A/c	Dr.		300
	To Pankaj				5,600
	(Goods purchased from Pankaj on credit plus 6% Intra State GST)
Apr.07	Ashok	Dr.		13,500
	To Bank A/c				13,000
	To Discount Received A/c				500
	(Payment made to Ashok)
Apr.10	Poonam	Dr.		12,320
	To Sales A/c				11,000
	To Output IGST A/c				1,320
	(Goods sold to Poonam on credit plus 12% inter state GST)
Apr.12	Purchases A/c	Dr.		15,000
	Input IGST A/c	Dr.		1,800
	To Ashok				16,800
	(Goods purchased from Ashok on Credit plus 12% inter state GST)
Apr.15	Sonu	Dr.		6,720
	To Sales A/c				6,000
	To Output IGST A/c				720
	(Goods sold to Sonu on credit plus 12% inter state GST)
Apr.18	Bank A/c	Dr.		24,500
	Discount Allowed A/c	Dr.		1,500
	To Poonam				26,000
	(Payment received from Poonam)
Apr.25	Stationery A/c	Dr.		1,200
	Input CGST A/c	Dr.		72
	Input SGST A/c	Dr.		72
	To Cash A/c				1,344
	(Stationery purchased in cash plus 6% intra state GST)
Apr.27	Telephone Bill A/c	Dr.		3,500
	Input CGST A/c	Dr.		210
	Input SGST A/c	Dr.		210
	To Bank A/c				3,920
	(Rent paid by cheque plus 6% intra state GST)
Apr.30	Salaries A/c	Dr.		6,000
	To Cash A/c				6,000
	(Salaries paid )

Ledger

Cash Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018					2018
Apr.01		Balance b/d		20,000	Apr.25	Stationery A/c		1,200
					Apr.25	Input CGST A/c		72
					Apr.25	Input SGST A/c		72
					Apr.30	Salaries A/c		6,000
					Apr.30	Balance c/d		12,656
				20,000				20,000
May.01		Balance b/d		12,656

Bank Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018					2018
Apr.01		Balance b/d		35,000	Apr.07	Ashok		13,000
Apr.18		Poonam		24,500	Apr.27	Telephone Bill A/c		3,500
					Apr.27	Input CGST A/c		210
					Apr.27	Input SGST A/c		210
					Apr.30	Balance c/d		42,580
				59,500				59,500
May.01		Balance b/d		42,580

Stock Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018					2018
Apr.01		Balance b/d		15,000	Apr.30	Balance c/d		15,000
				15,000				15,000
May.01		Balance b/d		15,000

Furniture Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018					2018
Apr.01		Balance b/d		4,500	Apr.30	Balance c/d		4,500
				4,500				4,500
May.01		Balance b/d		4,500

Poonam
Dr.									Cr.
Date		Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018					2018
Apr.01		Balance b/d		20,000	Apr.18	Bank A/c		24,500
Apr.10		Sales A/c		11,000	Apr.18	Discount Allowed		1,500
Apr.10		Output IGST A/c		1,320	Apr.30	Balance c/d		6,320
				32,320				32,320
May.01		Balance b/d		6,320

Sonu
Dr.									Cr.
Date		Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018					2018
Apr.01		Balance b/d		10,000	Apr.30	Balance c/d		16,720
Apr.15		Sales A/c		6,000
Apr.15		Output IGST A/c		720
				16,720				16,720
May.01		Balance b/d		16,720

Ashok
Dr.									Cr.
Date		Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018					2018
Apr.07		Bank A/c		13,000	Apr.01	Balance b/d		13,500
Apr.07		Discount Received		500	Apr.12	Purchases a/c		15,000
Apr.30		Balance c/d		16,800	Apr.12	Input IGST A/c		1,800
				30,300				30,300
					May.01	Balance b/d		16,800
Pankaj
Dr.									Cr.
Date		Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018					2018
Apr.30		Balance c/d		27,100	Apr.01	Balance b/d		21,500
					Apr.04	Purchases a/c		5,000
					Apr.04	Input CGST A/c		300
					Apr.04	Input SGST A/c		300
				27,100				27,100
					May.01	Balance b/d		27,100

Capital Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018					2018
Apr.30		Balance c/d		76,500	Apr.01	Balance b/d		76,500
				76,500				76,500
					May.01	Balance b/d		76,500

Purchases Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018					2018
Apr.04		Pankaj		5,000	Apr.30	Balance c/d		20,000
Apr.12		Ashok		15,000
				20,000				20,000
May.01		Balance b/d		20,000

Discount Received Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018					2018
Apr.30		Balance c/d		500	Apr.07	Ashok		500
				500				500
					May.01	Balance b/d		500

Sales Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018					2018
Apr.30		Balance c/d		17,000	Apr.10	Poonam		11,000
					Apr.15	Sonu		6,000
				17,000				17,000
					May.01	Balance b/d		17,000

Stationery Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018					2018
Apr.25		Cash A/c		1,200	Apr.30	Balance c/d		1,200
				1,200				1,200
May.01		Balance b/d		1,200

Telephone Bill Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018					2018
Apr.27		Bank A/c		3,500	Apr.30	Balance c/d		3,500
				3,500				3,500
May.01		Balance b/d		3,500

Salaries Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018					2018
Apr.30		Cash A/c		6,000	Apr.30	Balance c/d		6,000
				6,000				6,000
May.01		Balance b/d		6,000

Discount allowed Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018					2018
Apr.18		Poonam		1,500	Apr.30	Balance c/d		1,500
				1,500				1,500
May.01		Balance b/d		1,500

Input IGST Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018					2018
Apr.01		Balance b/d		2,000
Apr.12		Ashok		1,800	Apr.30	Balance c/d		3,800
				3,800				3,800
May.01		Balance b/d		3,800

Input CGST Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018					2018
Apr.04		Pankaj		300	Apr.30	Balance c/d		582
Apr.25		Cash A/c		72
Apr.27		Telephone Bill A/c		210
				582				582
May.01		Balance b/d		582

Input SGST Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018					2018
Apr.01		Balance b/d		5,000
Apr.04		Pankaj		300	Apr.30	Balance c/d		5,582
Apr.25		Cash A/c		72
Apr.27		Telephone Bill A/c		210
				5,582				5,582
May.01		Balance b/d		5,582

Output IGST Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018					2018
Apr.30				2,040	Apr.10	Poonam		1,320
					Apr.15	Sonu		720
				2,040				2,040
					May.01	Balance b/d		2,040

Trial Balance as on April,30,2018
S. No.	Particulars	DEBIT	CREDIT
1.	Cash A/c	12,656
2.	Bank A/c	42,580
3.	Stock A/c	15,000
4	Furniture A/c	4,500
5.	Poonam	6,320
6.	Sonu	16,720
7.	Ashok		16,800
8.	Pankaj		27,100
9.	Capital A/c		76,500
10.	Purchases A/c	20,000
11.	Discount Received A/c		500
12.	Sales A/c		17,000
13.	Stationery A/c	1,200
14.	Telephone Bill A/c	3,500
15.	Salaries A/c	6,000
16.	Discount Allowed A/c	1,500
17.	Input IGST A/c	3,800
18.	Input CGST A/c	582
19.	Input SGST A/c	5,582
20.	Output IGST A/c		2,040
		1,39,940	1,39,940