Question

Pass entries in the books of Ganguli & Sons. assuming all transactions have been entered in the state of West Bengal:

(i)	Purchased goods for ₹ 2,00,000 and payment made by cheque.
(ii)	Sold goods for ₹ 1,60,000 to Devki Nandan & Sons.
(iii)	Purchased goods for ₹ 50,000 on credit.
(iv)	Paid for printing and stationery ₹ 4,000.
(v)	Received interest ₹ 5,000.
(vi)	Paid for advertisement ₹ 30,000 by cheque.

Assume CGST @6% and SGST @6%.

Answer 1

Journal
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
	Purchases A/c	Dr.		2,00,000
	Input CGST A/c	Dr.		12,000
	Input SGST A/c	Dr.		12,000
	To Cheque A/c				2,24,000
	(Purchased goods and paid by cheque)
	Devki Nandan & Sons A/c	Dr.		1,79,200
	To Sales A/c				1,60,000
	To Output CGST A/c				9,600
	To Output SGST A/c				9,600
	(Sold goods toDevki Nandan & Sons)
	Purchases A/c	Dr.		50,000
	Input CGST A/c	Dr.		3,000
	Input SGST A/c	Dr.		3,000
	To Creditor A/c				56,000
	(Purchased goods on credit)
	Printing & Stationery A/c	Dr.		4,000
	Input CGST A/c	Dr.		240
	Input SGST A/c	Dr.		240
	To Cash A/c				4,480
	(Paid for printing and stationery)
	Cash A/c	Dr.		5,600
	To Interest Received A/c				5,000
	To Output CGST A/c				300
	To Output SGST A/c				300
	(Interest received)
	Advertisement A/c	Dr.		30,000
	Input CGST A/c	Dr.		1,800
	Input SGST A/c	Dr.		1,800
	To Bank A/c				33,600
	(Paid for advertisement)
	Output CGST A/c	Dr.		9,900
	Output SGST A/c	Dr.		9,900
	To Input CGST A/c				9,900
	To Input SGST A/c				9,900
	(Input tax credit availed)
				5,22,680	5,22,680

Input CSGT (Balance) = Rs 7,140

Input SGST (Balance) = Rs 7,140

Note: The answer doesn’t match with the book. If the last transaction is ignored, then the answer shall match. It seems like there is some printing error in the textbook.