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Standard X
Mathematics
SGST and CGST
R. Chetan has...
Question

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March 22 Withdrawn from bank for private purposes 2,500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.

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Solution

Cash Book
Date
Particulars
L.F.
Cash
(₹)
Bank
(₹)
Date
Particulars
L.F.
Cash
(₹)
Bank
(₹)
2018
2018
March 01
 To Balance b/d
15,400
82,500
March 02
 By Machinery
5,000
March 01
 To Sales A/c
2,000
March 02
 By Input CGST
300
March 01
 To Output CGST
120
March 02
 By Input SGST
300
March 01
 To Output SGST
120
March 04
 By Salaries
2,750
March 09
 To Rajesh
26,125
March 07
 By Wages A/c
440
March 20
 To Bank Loan A/c
50,000
March 18
 By Rao
18,000
March 30 To Sales A/c
4,000
March 22
 By Drawings
2,500
March 30 To Output CGST
240
March 27
 By Corporation Tax A/c
1,155
March 30 To Output SGST
240
March 31
 By Bank A/c
C
21,295
March 31 To Cash A/c
C
21,295
March 31
 By Balance c/d
825
1,49,475
22,120
1,79,920
22,120
1,79,920
Purchases Book
Date
Particulars
Invoice No.
L.F.
Details
(₹)
Cost
(₹)
Input CGST
(₹)
Input SGST
(₹)
Input IGST
(₹)
Total
(₹)
2018
Mar 25
 Samanta, Delhi
5,000
Add: 12% IGST
600
5,600
5,000
–
–
600
5,600
Mar 31
5,000
–
–
600
5,600
Sales Book
Date
Particulars
Invoice No.
L.F.
Details
(₹)
Value
(₹)
Output CGST
(₹)
Output SGST
(₹)
Output IGST
(₹)
Total
(₹)
2018
Mar 11
 James Patna
10,000
Add: Output IGST @12%
1,200
11,200
10,000
–
–
1,200
11,200
Mar 31
10,000
–
–
1,200
11,200
Sales Return Book
Date
Particulars
Credit Note No.
L.F.
Details
(₹)
Value
(₹)
Output CGST
(₹)
Output SGST
(₹)
Output IGST
(₹)
Total
(₹)
2018
Mar 13
 James Patna
2,000
Add: 12% IGST
–
240
2,240
2,000
–
–
240
2,240
Mar 31
2,000
–
–
240
2,240
Stock Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 01
 To Balance b/d
1,92,500
March 31
 By Balance c/d
1,92,500
1,92,500
1,92,500
Plant and Machinery Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 01
 To Balance b/d
4,40,000
March 31
 By Balance c/d
4,40,000
4,40,000
4,40,000
Rajesh
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 01
 To Balance b/d
27,500
March 09
 By Bank A/c
26,125
March 09 By Discount Allowed A/c
1,375
27,500
27,500
James
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 01
 To Balance b/d
13,750
March 13
 By Sales Return A/c
2,000
March 11
 To Sales A/c
10,000
March 13
 By Output IGST A/c
240
March 11
 To Output IGST A/c
1,200
March 31
 By Balance c/d
22,710
24,950
24,950
Rao
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 18
 To Bank A/c
18,000
March 01
 By Balance b/d
19,250
March 18
 To Discount Received A/c
1,250
19,250
19,250
Samanta
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 31
 To Balance c/d
41,350
March 01
 By Balance b/d
35,750
March 25
 By Purchases A/c
5,000
March 25 By Input IGST A/c
600
41,350
41,350
Salaries Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 04
 To Bank A/c
2,750
March 31
 By Balance c/d
2,750
2,750
2,750
Wages Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 07
 To Cash A/c
440
March 31
 By Balance c/d
440
440
440
Discount Allowed Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 09
 To Rajesh
1,375
March 31
 By Balance c/d
1,375
1,375
1,375
Discount Received Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 31
 To Balance c/d
1,250
March 18
 By Rao
1,250
1,250
1,250
Bank Loan Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 31
 To Balance c/d
50,000
March 20
 By Bank A/c
50,000
50,000
50,000
Drawings Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 22
 To Bank A/c
2,500
March 31
 By Balance c/d
2,500
2,500
2,500
Corporation Tax Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 27
 To Bank A/c
1,155
March 31
 By Balance c/d
1,155
1,155
1,155
Input IGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 25
 To Samanta
600
March 31
 By Balance c/d
600
600
600
Capital Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 31
 To Balance c/d
7,16,650
March 01
 By Balance b/d
7,16,650
7,16,650
7,16,650
Sales Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 31
 To Balance c/d
16,000
March 01
 By Cash A/c
2,000
March 30
 By Cash A/c
4,000
March 31
 By Sundries from Sales Book
10,000
16,000
16,000
Output CGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 31
 To Balance c/d
360
March 01
 By Cash A/c
120
March 30
 By Cash A/c
240
360
360
Output SGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 31
 To Balance c/d
360
March 01
 By Cash A/c
120
March 30
 By Cash A/c
240
360
360
Output IGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 13
 To James
240
March 11
 By James
1,200
March 31
 To Balance c/d
960
1,200
1,200
Machinery Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 02
 To Bank A/c
5,000
March 31
 By Balance c/d
5,000
5,000
5,000
Input CGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 02
 To Bank A/c
300
March 31
 By Balance c/d
300
300
300
Input SGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 02
 To Bank A/c
300
March 31
 By Balance c/d
300
300
300
Purchases Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 31
 To Sundries from purchases Book 5,000
March 31
 By Balance c/d
5,000
5,000
5,000
Sales Return Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
March 31
 To Sundries from Sales Return Book
2,000
March 31
 By Balance c/d
2,000
2,000
2,000
Trial Balance
as on March 31, 2018
S. No.
Particular
J.F.
Debit
Amount
(₹)
Credit
Amount
(₹)
1
 Capital
7,16,650
2
 Purchases
5,000
3
 Sales
16,000
4
 Sales Return
2,000
5
 Output CGST
360
6
 Output SGST
360
7
 Output IGST
960
8
 Machinery
5,000
9
 Input CGST
300
10
 Input SGST
300
11 Input IGST 600
12
 Bank Loan
50,000
13
 Drawings
2,500
14
 Corporation Tax
1,155
15
 Salaries
2,750
16
 Wages
440
17
 Discount Allowed
1,375
18
 Discount Received
1,250
19
 James
22,710
20
 Samanta
41,350
21
 Stock
1,92,500
22
 Plant and Machinery
4,40,000
23
 Cash in hand
825
24
 Bank Balance
1,49,475
8,26,930
8,26,930

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Q. R. Chetan, Kolkata has the following balances in his books on 1st March, 2019:
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 2019:
2019 ₹
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 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 to Rao by cheque in full settlement 18,000
March 20 Took loan from Bank of Baroda 50,000
March 22 Withdrawn from bank for personal purposes 2,500
March 25 Bought goods 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 with (*) are intra-state transactions subject to CGST and SGST @ 6% each. Transactions marked with (**) are inter-state transactions subject to IGST @ 12%.
Record these transactions in his subsidiary books, post to the Ledger and prepare a Trial Balance as on 31st March, 2019.
Q. Following balances appeared in the books of Ashok, Delhi on 1st April, 2018:
Assets: Cash ₹ 50,000; Stock ₹ 30,000; Debtors–Ram ₹ 50,000; Machinery ₹ 60,000.
Liabilities: Creditor – Rajesh ₹ 30,000.
The following transactions took place in April, 2018:
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CGST and SGST @ 6% each is levied on intra-state transactions and IGST is levied @12% on inter-state transactions. Transactions marked (*) are not subject to levy of GST.
Pass Journal entries for the above transaction, post them into the Ledger and prepare the Trial Balance on 30th April, 2018.
Q. 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
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Less: Trade Discount 15%
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2 Desktops @ ₹ 24,000 each
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Received Cheque from Shri Ramesh Chand on account
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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
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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%.
Q. Enter the following transactions in the Journal of M/s. Karim Bros., Prop. Shri Karim Khan, Kolkata, post to the Ledger and prepare the Trial Balance:

2018

₹

April 1

Assets: Cash in Hand ₹ 20,000; Cash at Bank ₹ 35,000; Stock ₹ 15,000; Furniture ₹ 4,500;

Input SGST ₹ 5,000; Input IGST ₹ 2,000

Debtors: Poonam ₹ 20,000; Sonu ₹ 10,000

Creditors: Ashok ₹ 13,500; Pankaj ₹ 21,500

April 4

Purchased goods from Pankaj, Kolkata

5,000

April 7

Paid to Ashok by cheque in full settlement of his account*

13,000

April 10

Sold goods to Poonam, Delhi

11,000

April 12

Purchased goods from Ashok, Delhi

15,000

April 15

Sold goods to Sonu, Kanpur

6,000

April 18

Received cheque from Poonam*

24,500

Allowed her discount*

1,500

April 25

Paid for stationery

1,200

April 27

Paid telephone bill by cheque

3,500

April 30

Paid salaries*

6,000

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 (*).
Q. Journalise the following transactions in the books of Afzal, Kolkata and post them to the Ledger:
2018 ₹
Jan. 1 Started business with cash* 1,00,000
Jan. 3 Bought goods on credit from Gupta & Co., Delhi 20,000
Jan. 5 Cash sales 5,000
Jan. 8 Cash purchases 8,000
Jan. 10 Sold goods to Ahmed & Co., Lucknow 10,000
Jan. 11 Deposited cash in bank* 50,000
Jan. 13 Purchased a computer for office 20,000
Jan. 15 Took a loan from Mehboob* 70,000
Jan. 16 Goods returned by Ahmed & Co. 2,000
Jan. 17 Purchased furniture from Mehfil Mart, Kolkata 10,000
Jan. 18 Paid interest to Mehboob* 2,000
Jan. 19 Received claim from Ahmed & Co. for defects in goods supplied to them. Claim was accepted and rebate was allowed.* 1,000
Jan. 22 Paid rent by cheque 2,000
Jan. 24 Withdrew from bank* 20,000
Jan. 25 Sales of goods at counter after allowing trade discount of 10% 10,000
Jan. 26 Goods purchased from Gupta & Co., Delhi were destroyed by accident 10,000
Jan. 27 Advertisement expenses paid through bank 5,000
Jan. 28 Ahmed & Co. settled their account by cheque* 7,000
Jan. 29 Paid to Gupta & Co. by cheque* 18,000
Discount allowed by them* 2,000
Jan. 31 Sold old newspapers 500

Intra-state transactions are subject to levy of CGST and SGST @ 6% each whereas inter-state transactions are subject to levy of IGST @ 12%. Out of the above transactions, transactions marked (*) are not subject to levy of GST.
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