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Standard X
Mathematics
Sales Tax
On 1st March,...
Question

On 1st March, 2018, Shri Kailash Chand, Lucknow commenced business with cash ₹ 50,000. The following are his transactions for the month of March, 2018. Record them in proper books, post them to the Ledger and take out a Trial Balance:

2018 ₹​
March 1 Bought goods for cash* 5,000
Purchased from Hari, Lucknow*:
5 Laptops @ ₹ 35,000 each
5 Desktops @ ₹ 25,000 each
Less: Trade Discount 15%
March 2 Purchased computer & printer from M/s. Computer Mart against cash for office use* 20,000
March 5 Deposited into bank 15,000
March 7 Sold goods to Shri Ramesh Chand, Kanpur*:

2 Laptops @ ₹ 32,000 each

2 Desktops @ ₹ 24,000 each
March 10

Received Cheque from Shri Ramesh Chand on account
75,000
March 14 Received another Cheque in full settlement from Ramesh Chand 49,440
March 15 Sold goods to Jagdish, Kolkata**:
2 Laptops @ ₹ 35,000 each
2 Desktops @ ₹ 25,000 each
Less: Trade Discount 5%
March 18

Bought from Shyam Lal, Delhi**:

10 Keyboards @ ₹ 1,000 each
10 Mouse @ ₹ 500 each
March 20

Drew cash from bank for office

17,000
March 21 Paid to Shyam Lal in full settlement 16,500
March 23 Cash Sales 5 Keyboards @ ₹ 1,200 each and 5 Mouse @ ₹ 600 each*
March 25 Paid Salary 2,500
March 28 Paid Rent* 1,500
March 30 Paid into bank 5,000
March 31 Drew cash for private expenses 500

​ ​
Transactions marked* are intra-state transactions subject to CGST and SGST @ 6% each.
Transactions marked** are inter-state transactions subject to IGST @ 12%.

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Solution

Cash Book
Date
Particulars
L.F.
Cash
(₹)
Bank
(₹)
Date
Particulars
L.F.
Cash
(₹)
Bank
(₹)
2018
2018
March 01
 To Capital A/c
50,000
March 01
 By Purchases A/c
5,000
March 05
 To Cash A/c
C
15,000
March 01
 By Input CGST
300
March 10
 To Ramesh Chand
75,000
March 01
 By Input SGST
300
March 14
 To Ramesh Chand
49,440
March 02
 By Purchases
20,000
March 20
 To Bank A/c
C
17,000
March 02
 By Input CGST
1,200
March 23
 To Sales A/c
9,000
March 02
 By Input SGST
1,200
March 23
 To Output CGST
540
March 05
 By Bank A/c
C
15,000
March 23
 To Output SGST
540
March 20
 By Cash A/c
C
17,000
March 30
 To Cash A/c
C
5,000
March 21
 By Shyam Lal
16,500
March 25
 By Salary A/c
2,500
March 28
 By Rent A/c
1,500
March 28
 By Input CGST
90
March 28
 By Input SGST
90
March 30
 By Bank A/c
5,000
March 31
 By Drawing A/c
500
March 31
 By Balance c/d
7,900
1,27,440
77,080
1,44,440
77,080
1,44,440
Purchases Book
Date
Particulars
Invoice No.
L.F.
Details
(₹)
Cost
(₹)
Input CGST
(₹)
Input SGST
(₹)
Input IGST
(₹)
Total
(₹)
2018
Mar 01
 Hari, Lucknow 5 laptops @ ₹ 35,000 each
1,75,000
5 Desktop @ ₹ 25,000 each
1,25,000
3,00,000
Less: Trade Discount@15%
45,000
2,55,000
Add: 6% CGST
15,300
6% SGST
15,300
2,85,600
2,55000
15,300
15,300
–
2,85,600
Mar 18
 Shyam Lal, Delhi
10 keyboards @ ₹ 1,000 each
10,000
10 Mouse @ ₹ 5,000 each
5,000
15,000
Add: 12% IGST
1,800
16,800
15,000
–
–
1,800
16,800
Mar 31
2,70,000
15,300
15,300
1,800
3,02,400
Sales Book
Date
Particulars
Invoice No.
L.F.
Details
(₹)
Value
(₹)
Output CGST
(₹)
Output SGST
(₹)
Output IGST
(₹)
Total
(₹)
2018
Mar 07
 Shri Rames Chand Kanpur
2 laptops @ ₹ 32,000 each
64,000
2 Desktop @ ₹ 32,000 each
48,000
1,12,000
Add: 6% CGST
6,720
6% SGST
6,720
1,25,440
1,12,000
6,720
6,720
–
1,25,440
Mar 15
 Jagdish, Kolkata
2 Laptops @ ₹ 35,000 each
70,000
2 Desktops @ ₹ 25,000 each
50,000
1,20,000
Less: 5% TD
6,000
1,14,000
Add: 12% IGST
13,680
1,27,680
1,14,000
–
–
13,680
1,27,680
Mar 31
2,26,000
6,720
6,720
13,680
2,53,120
Capital Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 31
 To Balance b/d
50,000
March 01
 By Cash A/c
50,000
50,000
50,000
Purchases Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 01
 To Cash A/c
5,000
March 31
 By Balance c/d
2,95,000
March 02
 To Cash A/c
20,000
March 31
 To Sundries from Purchaser Book
2,70,000
2,95,000
2,95,000
Hari
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 31
 To Balance c/d
2,85,600
March 01
 By Purchases
2,55,000
March 01
 By Input CGST
15,300
March 01
 By Input SGST
15,300
2,85,600
2,85,600
Input CGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 01
 To Cash A/c
300
March 01
 By Balance c/d
16,890
March 01
 To Hari
15,300
March 02
 To Cash A/c
1,200
March 28
 To Cash A/c
90
16,890
16,890
Input SGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 01
 To Cash A/c
300
March 31
 By Balance c/d
16,890
March 01
 To Hari
15,300
March 02
 To Cash A/c
1,200
March 28
 To Cash A/c
90
16,890
16,890
Output CGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 31
 To Balance c/d
7,260
March 7
 By Shri Ramesh Chand
6,720
March 23
 By Cash A/c
540
7,260
7,260
Output SGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 31
 To Balance c/d
7,260
March 07
 By Shri Ramesh Chand
6,720
March 23
 By Cash A/c
540
7,260
7,260
Ramesh Chand
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 07
 To Sales A/c
1,12,000
March 10
 By Bank A/c
20,000
March 07
 To Output CGST A/c
6,720
March 14
 By Bank A/c
1,000
March 07
 To Output SGST A/c
6,720
March 14
 By Discount Allowed A/c
1,000
1,25,440
1,25,440
Sales Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 31
 To Balance c/d
2,35,000
March 23
 By Cash A/c
9,000
March 31
 By Sundries from Sales Book
2,26,000
2,35,000
2,35,000
Jagdish
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 15
 To Sales A/c
1,14,000
March 31
 By Balance c/d
1,27,680
March 15
 To Output IGST A/c
13,680
1,27,680
1,27,680
Output IGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 31
 To Balance c/d
13,680
March 15
 By Jagdish
13,680
13,680
13,680
Discount Allowed Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 14
 To Ramesh Chand
1,000
March 31
 By Balance c/d
1,000
1,000
1,000
Input IGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 18
 To Shyam Lal
1,800
March 31
 By Balance c/d
1,800
1,800
1,800
Shyam Lal
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 21
 To Cash A/c
16,500
March 18
 By Purchases A/c
15,000
March 21
 To Discount Received A/c
300
March 18
 By Input IGST A/c
1,800
16,800
16,800
Rent Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 28
 To Cash A/c
1,500
March 31
 By Balance c/d
1,500
1,500
1,500
Drawings Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 31
 To Cash A/c
500
March 31
 By Balance c/d
500
500
500
Discount Received Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 31
 To Balance c/d
300
March 21
 By Shyam lal
300
300
300
Salary Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 25
 To Cash A/c
2,500
March 31
 By Balance c/d
2,500
2,500
2,500
Trial Balance
As on 30th April 2018
S. No.
Particular
J.F.
Debit
Amount
(₹)
Credit
Amount
(₹)
1
 Capital
50,000
2
 Purchases
2,95,000
3
 Hari
2,85,600
4
 Input CGST
16,890
5
 Input SGST
16,890
6
 Input IGST
1,800
7
 Output CGST
7,260
8
 Output SGST
7,260
9
 Output IGST
13,680
10
 Jagdish
1,27,680
11
 Sales
2,35,000
12
 Discount Allowed
1,000
13
 Rent
1,500
14
 Discount Received
300
15
 Cash
7,900
16
 Bank
1,27,440
17
 Drawings
500
18
 Salary
2,500
5,99,100
5,99,100

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Q. On 1st January, 2018, Ram of Kolkata commenced business with a capital of ₹ 50,000 and entered into following transactions:
Pass the following transactions through proper books to the Ledger. Take out a Trial Balance as on 31st January, 2018. The Cash Book must be balanced.
2018 ₹
Jan. 1 Opened a Bank Account and Deposited 12,500
Purchased Goods in Cash* 20,000
Purchased furniture for Shop* 5,000
Sold goods to R. Raman, Kolkata* 5,000
Jan. 2 Bought goods from Man Mohan, Delhi 10,000
Jan. 3 Bought stationery for cash 1,000
Jan. 5 Received cash from R. Raman 5,300
Discount allowed to him 300
Jan. 6 Sold goods to Bimal, Kolkata* 7,500
Jan. 8 Bimal returned part of the goods supplied on the 6th instant 1,500
Jan. 10 Paid cash into bank 1,000
Jan. 12 Paid wages in cash 1,500
Jan. 13 Bought on credit from the Union Furniture Co., Kolkata office desk* 1,500
Jan. 19 Paid wages in cash 1,500
Jan. 21 Paid Man Mohan by cheque 10,700
Discount received 500
Jan. 21 Sold goods to Ramesh, Guwahati including IGST** 6,720
Jan. 22 Received cheque from Bimal 6,000
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Jan. 24 Drew by cheque for private use 2,000
Jan. 27 Paid wages in cash 1,500
Jan. 31 Rent due to landlord* 1,000

Transactions marked* are intra-state transactions subject to CGST and SGST @ 6% each.
Transactions marked** are inter-state transactions subject to IGST @ 12%.
Q. R. Chetan has the following balances in his books on 1st March, 2018:
Cash ₹ 15,400; Cash at Bank ₹ 82,500; Stock ₹ 1,92,500; Plant and Machinery ₹ 4,40,000.
Sundry Debtors: Rajesh ₹ 27,500; James ₹ 13,750.
Sundry Creditors: Rao ₹ 19,250, Samanta; ₹ 35,750; Capital ₹ 7,16,650.
The following are the transactions for the month of March 2018:
2018 ₹
March 1 Cash Sales* 2,000
March 2 Purchases machinery by cheque* 5,000
March 4 Paid salaries by cheque 2,750
March 7 Paid wages in cash 440
March 9 Rajesh settled his account by cheque less 5% discount
March 11 Sold goods on credit to James, Patna** 10,000
March 13 Sent a credit note to James for goods returned** (Including IGST reversed) 2,240
March 18 Paid Rao by cheque in full settlement 18,000
March 20 Took loan from Bank of Baroda 50,000
March 22 Withdrawn from bank for private purposes 2,500
March 25 Bought goods on credit from Samanta, Delhi** 5,000
March 27 Paid corporation tax by cheque 1,155
March 30 Cash sales (Including CGST and SGST @ 6% each) and paid into bank 4,480
March 31 All cash in hand, with the exception of ₹ 825 retained for change, was paid into the bank

Transactions marked* are intra-state transactions subject to CGST and SGST @ 6% each. Transactions marked** are inter-state transactions subject to IGST @ 12%
Record these transactions in his subsidiary books, post to the Ledger and prepare a Trail Balance as on 31st March, 2018.
Q. On 1st January, 2017, Ram commenced business with a capital of ₹ 50,000 represented by :
Cash in Hand ₹ 12,500; Cash at Bank ₹ 12,500; Stock ₹ 20,000; Furniture and Fittings ₹ 5,000. Open the books by means of a Journal and then pass the following transactions through the books to the Ledger. Take out a Trial Balance as on 31st January, 2017. The Cash Book must be balanced.
2017 ₹
Jan. 1 Sold goods to R. Raman 5,000
Jan. 2 Bought goods from Man Mohan 10,000
Jan. 3 Bought stationery for cash 100
Jan. 5 Received cash from R. Raman 4,700
Discount allowed to him 300
Jan. 6 Sold goods to Bimal 7,500
Jan. 8 Bimal returned part of goods supplied on the 6th instant 1,500
Jan. 10 Paid cash into bank 1,000
Jan. 12 Paid wages in cash 1,500
Jan. 13 Bought office desk on credit from the Union Furniture Co. 1,500
Jan. 19 Paid wages in cash 1,500
Jan. 21 Paid to Man Mohan by cheque 9,500
Discount received 500
Jan. 21 Sold goods to Ramesh 6,000
Jan. 22 Received cheque from Bimal 6,000
Jan. 23 Bought goods from Man Mohan 7,000
Jan. 24 Drew cheque for private use 2,000
Jan. 27 Paid wages in cash 1,500
Jan. 31 Rent due to Lanlord 1,000
Q. Suresh, Kanpur commenced business on 1st January, 2018 introducing capital in cash ₹ 1,00,000. His other transactions during the month were as follows:

2018 ₹
Jan 1 Started business with cash 1,00,000
Jan 2 Bought goods for cash 20,000
Jan 3 Sold goods for cash 7,000
Jan 15 Sold goods to Shravan, Delhi 6,000
Jan 18 Bought goods on credit from Anurag, Kanpur 60,000
Jan 19 Goods returned to Anurag 5,000
Jan 20 Sold goods for cash 30,000
Jan 22 Paid electricity bill 1,000
Jan 28 Paid for telephone bill 500
Jan 29 Paid rent 800
Jan 31

Paid wages

3000
​Enter the above transactions in his books of account
Q. D.Chadha, Delhi commenced business on 1st January, 2019. His transactions for the month are given below. Journalise them. He will close his books on 31st March each year.
2019 ₹
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, plus 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 from Rahul, Chennal, plus IGST @ 12% 65,000
Jan. 8 Paid wages in cash (GST not levied) 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. 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, plus CGST and SGST @ 6% each
Jan. 15 Paid office expenses in cash 700
Jan. 21 Sold to Rakesh, Delhi goods of ₹ 25,000, charged CGST and SGST @ 6% each
Jan. 22 Paid office expenses in cash 500
Jan. 22 Paid to Rahul by cheque (discount ₹ 3,200) 61,300
Jan. 25 Received cheque from Mahesh Kochi (discount ₹ 1,500) 65,700
Jan. 27 Rakesh, Delhi returned goods (being not as per sample) 2,000
Jan. 31 Paid salaries for the month 20,000
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