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Question

# Pass entries in the books of all parties in the following cases assuming CGST @ 6% and SGST @ 6%: 2018 March 1 Mahesh Chandra of Bihar purchased goods for ₹ 1,00,000 from Sunil Soren of Jharkhand and sold the same to Deepak Patnaik of Odisha for ₹ 1,50,000. March 5 Deepak Patnaik sold goods to Suresh Yadav of Odisha for ₹ 1,80,000. March 10 Suresh Yadav sold goods to Ravi Chakravarti of West Bengal for ₹ 2,50,000. March 14 Ravi Chakravarti sold goods costing ₹ 2,50,000 to Sanjay Diwedi of West Bengal at a profit of 40% on cost.

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Solution

## (a) Journal of Mahesh Chand, Bihar Date Particulars L.F. Debit Amount (₹) Credit Amount (₹) 2018 Mar 01 Purchases A/c Dr. 1,00,000 Input IGST A/c 12,000 To Sunil Soren 1,12,000 (Purchased goods plus 12% IGST) Mar 01 Deepak Patnaik Dr. 1,68,000 To Sales A/c 1,50,000 To Output IGST A/c 18,000 (Sold goods plus 12% IGST) Total 2,80,000 2,80,000 (b) Journal of Sunil Soren, Jharkhand Date Particulars L.F. Debit Amount (₹) Credit Amount (₹) 2018 Mar 01 Mahesh Chand Dr. 1,12,000 To Sales A/c 1,00,000 To Output IGST A/c 12,000 (Sold goods plus 12% IGST) Total 1,12,000 1,12,000 (c) Journal of Deepak Patnaik, Odisha Date Particulars L.F. Debit Amount (₹) Credit Amount (₹) 2018 Mar 01 Purchases A/c Dr. 1,50,000 Input IGST A/c 18,000 To Mahesh Chand 1,68,000 (Purchased goods plus 12% IGST) Mar 05 Suresh Yadav Dr. 2,01,600 To Sales A/c 1,80,000 To Output CGST A/c 10,800 To Output SGST A/c 10,800 (Sold goods plus 6% CGST and SGST each) Total 3,69,600 3,69,600 (d) Journal of Suresh Yadav, Odisha Date Particulars L.F. Debit Amount (₹) Credit Amount (₹) 2018 Mar 05 Purchases A/c Dr. 1,80,000 Input CGST A/c 10,800 Input SGST A/c 10,800 To Deepak Patnaik 2,01,600 (Purchased goods plus 12% IGST) Mar 10 Ravi Chakravarti Dr. 2,80,000 To Sales A/c 2,50,000 To Output IGST A/c 30,000 (Sold goods plus 12% IGST) Total 4,81,600 4,81,600 (e) Journal of Ravi Chakravarti, West Bengal Date Particulars L.F. Debit Amount (₹) Credit Amount (₹) 2018 Mar 10 Purchases A/c Dr. 2,50,000 Input IGST A/c 30,000 To Suresh Yadav 2,80,000 (Purchased goods plus 12% IGST) Mar 14 Sanjay Diwedi Dr. 3,92,000 To Sales A/c 3,50,000 To Output CGST A/c 21,000 To Output SGST A/c 21,000 (Sold goods costing ₹. 2,50,000 at 40% Profit plus 6% CGST and SGST each) Total 6,72,000 6,72,000

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