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Standard VIII
Mathematics
Sales Tax and Value Added Tax
On 1st April,...
Question

On 1st April, 2019, the following were Ledger balances of M/s. Ram & Co., Delhi:
Cash in Hand ₹ 300; Cash at Bank ₹ 7,000; Bills Payable ₹ 1,000; Zahir (Dr.) ₹ 800; Stock ₹ 4,000; Gobind (Cr.) ₹ 2,000; Sharma (Dr.) ₹ 1,500; Rahul (Cr.) ₹ 900; Capital ₹ 9,700.

Transactions during the month of April, 2019 were:
2019 ₹
April 2 Bought goods from Gobind, Delhi 900
April 3 Sold goods to Sharma, Kanpur 1,000
April 5 Bought goods from Rahul, Delhi 1,200
April 8 Sold goods to Zahir, Kolkata 500
April 15 Paid Gobind by cheque on account* 1,500
April 18 Received from Sharma a cheque of 2,000
Allowed him discount* 50
April 20 Sold goods to Sharma, Kanpur 800
April 20 Paid rent by cheque 200
April 25 Sold goods to Zahir, Kolkata 1,000
April 30 Paid salaries in cash* 300
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 (*).
Post the above transactions to the Ledger and prepare the Trial Balance on 30th April, 2019.
[Trial Balance Total- ₹ 18,148]

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Solution

Cash in Hand Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
Apr 01 Balance b/d
300
 Apr 30 Salaries
300
300
300
Cash at Bank Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
Apr 01 Balance b/d
7,000
 Apr 15 Gobind A/c
1,500
Apr 18 Sharma A/c
2,000
 Apr 20 Rent A/c
200
Apr 20 Input CGST A/c
12
Apr 20 Input SGST A/c
12
Apr 30 Balance c/d
7,276
9,000
9,000
Bills Payable Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
Apr 30 Balance c/d
1,000
 Apr 01 Balance b/d
1,000
1,000
1,000
Zahir Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
Apr 01 Balance b/d
800
 Apr 30 Balance c/d
2,480
Apr 08 Sales A/c
500
Apr 08 Output IGST A/c
60
Apr 25 Sales A/c
1,000
Apr 25 Output IGST A/c
120
2,480
2,480
Stock Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
Apr 01 Balance b/d
4,000
 Apr 30 Balance c/d
4,000
4,000
4,000
Gobind Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
Apr 15 Bank A/c
1,500
 Apr 01 Balance b/d
2,000
Apr 30 Balance c/d
1,508
 Apr 02 Purchases A/c
900
Apr 02 Input CGST A/c
54
Apr 02 Input CGST A/c
54
3,008
3,008
Sharma Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
Apr 01 Balance b/d
1,500
 Apr 18 Bank A/c
2,000
Apr 03 Sales A/c
1,000
 Apr 18 Discount Allowed A/c
50
Apr 03 Output IGST A/c
120
 Apr 30 Balance c/d
1,466
Apr 20 Sales A/c
800
Apr 20 Output IGST A/c
96
3,516
3,516
Rahul Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
Balance c/d
2,244
 Apr 01 Balance b/d
900
Apr 05 Purchases A/c
1,200
Apr 05 Input CGST A/c
72
Apr 05 Input CGST A/c
72
2,244
2,244
Capital Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
Apr 01 Balance b/d
9,700
 Apr 30 Balance c/d
9,700
9,700
9,700
Purchases Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
Apr 02 Gobind A/c
900
 Apr 30 Balance c/d
2,100
Apr 05 Rahul A/c
1,200
2,100
2,100
Input CGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
Apr 02 Gobind A/c
54
 Apr 30 Balance c/d
138
Apr 05 Rahul A/c
72
Apr 20 Bank A/c
12
138
138
Input SGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
Apr 02 Gobind A/c
54
 Apr 30 Balance c/d
138
Apr 05 Rahul A/c
72
Apr 20 Bank A/c
12
138
138
Sales Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
Apr 30 Balance c/d
3,300
 Apr 03 Sharma A/c
1,000
Apr 08 Zahir A/c
500
Apr 20 Sharma A/c
800
Apr 25 Zahir A/c
1,000
3,300
3,300
Output IGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
Apr 30 Balance c/d
396
 Apr 03 Sharma A/c
120
Apr 08 Zahir A/c
60
Apr 20 Sharma A/c
96
Apr 25 Zahir A/c
120
396
396
Discount Allowed Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
Apr 18 Sharma A/c
50
 Apr 30 Balance c/d
50
50
50
Rent Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
Apr 20 Bank A/c
200
 Apr 30 Balance c/d
200
200
200
Salary Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
Apr 30 Cash A/c
300
 Apr 30 Balance c/d
300
300
300
Trial Balance
as on Apr 30, 2019
S.No.
List of Items
Debit Balances
(₹)
Credit Balances
(₹)
1
 Bank
7,276
2
 Bills Payable
1,000
3
 Zahir
2,480
4
 Stock
4,000
5
 Gobind
1,508
6
 Sharma
1,466
7
 Rahul
2,244
8
 Capital
9,700
9
 Purchases
2,100
10
 Input CGST A/c
138
11
 Input SGST A/c
138
12
 Sales
3,300
13
 Output IGST A/c
396
14
 Discount Allowed
50
15
 Rent
200
16
 Salary
300
Total
18,148
18,148

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