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Question

Journalise the following transactions of Ram Delhi:
2018
Jan. 1 Ram commenced business with cash 30,000
Jan. 2 Open a bank account with Union Bank by cheque from saving account 21,000
Jan. 3 Purchased goods from Rahul in cash 10,000
Jan. 7 Withdrew cash from bank for office use 3,000
Jan. 10 Sold goods to Hari, Delhi on credit 5,000
Jan. 15 Purchased goods from Shyam, Meerut (UP) 15,000
Jan. 20 Cash sales 3,000
Jan. 25 Paid to Shyam 14,750
Discount Received 250
Jan. 31 Paid Salaries 10,000

CGST and SGST is levied @ 6% each on intra-state sale and purchase. IGST is levied @12% on inter-state sale and purchase.

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Solution

Journal

Date

Particulars

L.F.

Debit

Amount

(₹)

Credit

Amount

(₹)

2018

Jan.01

Cash A/c

Dr.

30,000

To Capital A/c

30,000

(Ram commenced business with Cash)

Jan.02

Bank A/c

Dr.

21,000

To Cash A/c

21,000

(Paid into Bank )

Jan.03

Purchases A/c
Input CGST A/c
Input SGST A/c

Dr.
Dr.
Dr.

10,000
600
600

To Cash A/c

11,200

(Purchased goods @ 6% CGST and SGST)

Jan.07

Cash A/c

Dr.

3,000

To Bank A/c

3,000

(Drew cash from Bank for office use )

Jan.10

Hari

Dr.

5,600

To Sales A/c
To Output CGST A/c
To Output SGST A/c

5,000
300
300

(Sold goods to Hari @ 6% CGST and SGST)

Jan.15

Purchases A/c
Input IGST A/c

Dr.

15,000
1,800

To Shyam

16,800

(Purchased goods from Shyam @ 12% IGST)

Jan.20

Cash A/c

Dr.

3,360

To Sales A/c
To Output CGST A/c
To Output SGST A/c

3,000
180
180

(Cash Sales)

Jan.25

Shyam

Dr.

15,000

To Cash A/c

14,750

To Discount Received A/c

250

(Paid to Shyam and received discount from him)

Jan.31

Salaries A/c

Dr.

10,000

To Cash A/c

10,000

(Paid Salaries)


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