Question

Following balances appeared in the books of Ashok, Delhi on 1st April, 2019:
Assets: Cash ₹ 50,000; Stock ₹ 30,000; Debtors − Ram ₹ 50,000; Machinery ₹ 60,000.
Liabilities: Creditor − Rajesh ₹ 30,000.
The following transactions took place in April, 2019:

2019		₹
April 4	Sold goods for cash	7,000
April 6	Goods returned by Ram, Delhi	1,000
April 10	Purchased goods from Rajesh, Jaipur (Rajasthan) of list price ₹ 10,000 for	9,000
April 15	Bought goods of list price of ₹ 15,000 from Rakesh, Kolkata less 10% trade
	discount and 5% cash discount and paid 40% of amount immediately
April 20	Paid to Rajesh in full settlement of his account*	38,600
April 25	Paid for the life insurance premium of the proprietor*	500
April 30	Received commission (Including CGST and SGST @ 6% each)	2,000

CGST and SGST @ 6% each is levied on intra-state transactions and IGST is levied @ 12% on inter-state transactions. Transactions marked with (*) are not subject to levy of GST.
Pass Journal entries for the above transaction, post them into the Ledger and prepare the Trial Balance on 30th April, 2019.

Answer 1

Journal
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
2019
April 01	Cash A/c	Dr.		50,000
	Stock A/c	Dr.		30,000
	Ram	Dr.		50,000
	Machinery A/c	Dr.		60,000
	To Rajesh				30,000
	To Capital A/c (Balancing Figure)				1,60,000
	(Balance Brought forward)
April 04	Cash A/c	Dr.		7,840
	To Sales A/c To Output CGST A/c To Output SGST A/c				7,000 420 420
	(Sold Goods for Cash plus CGST and SGST @ 6% each)
April 06	Sales Return A/c Output CGST A/c Output SGST A/c	Dr. Dr. Dr.		1,000 60 60
	To Ram				1,120
	(Goods returned and GST reversed)
April 10	Purchases A/c Input IGST A/c To Rajesh (Bought goods from Rajesh plus IGST @ 12%)	Dr. Dr.		9,000 1,080	10,080
April 15	Purchases A/c Input IGST A/c	Dr.		13,500 1,620
	To Rakesh				8,100
	To Cash (5,130+1,620)				6,750
	To Discount Received A/c (5% Net of GST)				270
	(Bought goods from Rakesh, 40% of price paid
	immediately and availed 5% cash discount on payment)
April 20	Rajesh A/c	Dr.		40,080
	To Cash A/c				38,600
	To Discount Received				1,480
	(Paid to Rajesh and discount received)
April 25	Drawings A/c	Dr.		500
	To Cash A/c				500
	(Paid Life Insurance Premium of Proprietor)
April 30	Cash A/c	Dr.		2,240
	To Commission A/c To Output CGST A/c To Output SGST A/c				2,000 120 120
	(Received Commission plus CGST and SGST @ 6% each)

Cash Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019					2019
April 01 April 04		Balance b/d Sales		50,000 7,000	April 15 April 15	Purchases Input IGST		5,130 1,620
April 04 April 04 April 30		Output CGST Output SGST Commission		420 420 2,000	April 20 April 25 April 30	Rajesh Drawings Balance c/d		38,600 500 14,230
April 30 April 30		Output CGST Output SGST		120 120
				60,080				60,080

Capital Account
Dr.				Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 30	Balance c/d		1,60,000	April 01	Balance b/d		1,60,000
			1,60,000				1,60,000

Rakesh
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Apr.30	Balance c/d		8,100	Apr.15	Purchases		8,100
			8,100				8,100

Stock Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019					2019
April 01		Balance b/d		30,000	April 30	Balance c/d		30,000
				30,000				30,000

Ram
Dr.									Cr.
Date		Particulars	L.F.	Amount (₹)	Date	Particulars	L.F.	Amount (₹)
2019					2019
April 01		Balance b/d		50,000	April 06 April 06 April 06	Sales Return Output CGST A/c Output SGST A/c		1,000 60 60
					April 30	Balance c/d		48,880
				50,000				50,000

Machinery Account
Dr.									Cr.
Date		Particulars	L.F.	Amount (₹)	Date	Particulars	L.F.	Amount (₹)
2019					2019
April 01		Balance b/d		60,000	April 30	Balance c/d		60,000
				60,000				60,000

Rajesh Account
Dr.									Cr.
Date		Particulars	L.F.	Amount (₹)	Date	Particulars	L.F.	Amount (₹)
2019					2019
April 20		Cash		38,600	April 01	Balance b/d		30,000
April 20		Discount Received		1,480	April 10 April 10	Purchases Input IGST A/c		9,000 1,080
				40,080				40,080

Sales Return Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019					2019
April 06		Ram		1,000	April 30	Balance c/d		1,000
				1,000				1,000

Drawings Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019					2019
April 25		Cash		500	April 30	Balance c/d		500
				500				500

Commission Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019					2019
April 30		Balance c/d		2,000	April 30	Cash		2,000
				2,000				2,000

Discount Received
Dr.									Cr.
Date		Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019					2019
					April 15	Purchases		270
April 30		Balance c/d		1,750	April 20	Rajesh		1,480
				1,750				1,750

Purchases Account
Dr.									Cr.
Date		Particulars	L.F.	Amount (₹)	Date	Particulars	L.F.	Amount (₹)
2019					2019
April 10		Rajesh		9,000	April 30	Balance c/d		22,500
April 15		Rakesh		8,100
April 15		Cash A/c		5,130
April 15		Discount Received A/c		270
				22,500				22,500

Sales Account
Dr.									Cr.
Date		Particulars	L.F.	Amount (₹)	Date	Particulars	L.F.	Amount (₹)
2019					2019
April 30		Balance c/d		7,000	April 04	Cash A/c		7,000
				7,000				7,000

Input IGST Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019					2019
Apr.10		Rajesh		1,080	Apr.30	Balance c/d		3,348
Apr.15 Apr.15		Cash Cash		1,620 648
				3,348				3,348

Output CGST Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019					2019
Apr.06 Apr.30		Ram Balance c/d		60 60	Apr.30	Cash		120
				120				120

Output SGST Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019					2019
Apr.06 Apr.30		Ram Balance c/d		60 60	Apr.30	Cash		120
				120				120