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Standard X
Mathematics
Sales Tax
Write up the ...
Question

Write up the following transactions in the Journal of Ashok, Delhi and post them to the Ledger for April, 2018. Also, prepare the Trial Balance as on 30th April, 2018.
2018 ₹
April 1 Commenced business with cash* 40,000
April 2 Opened Bank Account and deposited cheque from Saving A/c* 3,00,000
April 5 Bought goods against cheque 50,000
April 7 Sold goods to Amit, Chandigarh 25,000
April 9 Bought goods from Parvat, Delhi 51,000
April 12 Received cheque from Amit* 19,500
Discount allowed* 500
April 13 Issued cheque to Parvat* 39,000
Discount allowed by him* 1,000
April 16 Withdrew cash for personal expenses* 10,000
April 17 Received cash from Amit and deposited into bank* 5,000
April 25 Paid rent by cheque 9,000
April 29 Goods sold to Romy, Delhi 48,000

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 (*).

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Solution


Journal of Ashok, Delhi
Date
Particulars
L.F.
Debit
Amount
(₹)
Credit
Amount
(₹)
2018
April 01
 Cash A/c Dr.
40,000
To Capital A/c
40,000
(Being business commenced)
April 02
 Bank A/c Dr.
3,00,000
To Capital A/c
3,00,000
(Being Bank Account opened from personal savings bank account)
April 05
 Purchases A/c Dr.
50,000
Input CGST A/c Dr.
3,000
Input SGST A/c Dr.
3,000
To Bank A/c
56,000
(Being goods purchased plus 6% intra-state GST)
April 07
 Amit Dr.
28,000
To Sales A/c
25,000
To output IGST A/c
3,000
(Being goods sold on credit plus 12% interstate GST)
April 09
 Purchases A/c Dr.
51,000
Input CGST A/c Dr.
3,060
Input SGST A/c Dr.
3,060
To Parvat A/c
57,120
(Being goods purchased on credit plus 6% intra state GST)
April 12
 Bank A/c Dr.
19,500
Discount Allowed A/c Dr.
500
To Amit A/c
20,000
(Being part payment received and discount allowed)
April 13
 Parvat Dr.
40,000
To Bank A/c
39,000
To Discount Received A/c
1,000
(Being cheque issued and discount received against part payment)
April 16
 Drawings A/c Dr.
10,000
To Cash A/c
10,000
(Being Cash withdrawn for personal expenses)
April 17
 Bank A/c Dr.
5,000
To Amit A/c
5,000
(Being Cash received duly deposited into Bank A/c)
April 25 Rent A/c 9,000
Input CGST A/c 540
Input SGST A/c 540
To Bank A/c 10,080
(Being rent paid by cheque plus 6% intra-state GST)
April 29
 Romy Dr.
53,760
To Sales A/c
48,000
To Output CGST A/c
2,880
To Output SGST A/c
2,880
(Being goods sold on credit plus 6% intra state GST)

Ledger
Input CGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
April 05
 To Bank A/c
3,000
April 30
 By Balance c/d
6,600
April 09
 To Parvat
3,060
April 25
 To Bank
540
6,600
6,600
Input SGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
April 05
 To Bank A/c
3,000
April 30
 By Balance c/d
6,600
April 09
 To Parvat
3,060
April 25
 To Bank
540
6,600
6,600
Output IGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
April 30
 To Balance c/d
3,000
April 07
 Amit
3,000
3,000
3,000
Output CGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
April 30
 To Balance c/d
2,880
April 29
 By Romy
2,880
2,880
2,880
Output SGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
April 30
 To Balance c/d
2,880
April 29
 By Romy
2,880
2,880
2,880
Cash Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
April 01
 To Capital A/c
40,000
April 16
 By Drawings A/c
10,000
April 30
 By Balance c/d
30,000
40,000
40,000
Bank Account
Dr.
Cr.
Date
Particulars
Amount
(₹)
Date
Particulars
Amount
(₹)
2018
2018
April 02
 To Capital A/c
3,00,000
April 05
 By Purchases A/c
50,000
April 12
 To Amit
19,500
April 05
 By Input CGST
3,000
April 17
 To Amit
5,000
April 05
 By Input SGST
3,000
April 13
 By Parvat
39,000
April 25
 By Rent A/c
9,000
April 25 By Input CGST
540
April 25 By Input SGST
540
April 25 By Balance c/d
2,19,420
3,24,500
3,24,500
Capital Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
April 30
 To Balance c/d
3,40,000
April 01
 By Cash A/c
40,000
April 02
 By Bank A/c
3,00,000
3,40,000
3,40,000
Purchases Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
April 05
 To Bank A/c
50,000
April 30
 By Balance c/d
1,01,000
April 09
 To Parvet
51,000
1,01,000
1,01,000
Sales Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
April 30
 To Balance c/d
73,000
April 07
 By Amit
25,000
April 29
 By Romy
48,000
73,000
73,000
Amit
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
April 07
 To Sales A/c
25,000
April 12
 By Bank A/c
19,500
April 07
 To Output IGST A/c
3,000
April 12
 By Disc. Allowed A/c
500
April 17
 By Bank A/c
5,000
April 30
 By Balance c/d
3,000
28,000
28,000
Parvat
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
April 13
 To Bank A/c
39,000
April 09
 By Purchases A/c
51,000
April 13
 To Disc Received A/c
1,000
April 09
 By Input CGST A/c
3,060
April 30
 To Balance c/d
17,120
April 09
 By Input SGST A/c
3,060
57,120
57,120
Discount Allowed Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
April 12
 To Amit
500
April 30
 By Balance c/d
500
500
500
Discount Received Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
April 30
 To Balance c/d
1,000
April 13
 By Parvat
1,000
1,000
1,000
Drawings Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
April 16
 To Cash A/c
10,000
April 30
 By Balance c/d
10,000
10,000
10,000
Rent Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
April 25
 To Bank A/c
9,000
April 30
 By Balance c/d
9,000
9,000
9,000
Romy
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
2018
April 29
 To Sales A/c
48,000
April 30
 By Balance c/d
53,760
To Output CGST A/c
2,880
To Output SGST A/c
2,880
53,760
53,760
Trial Balance
As on 30th April 2018
S. No.
Particular
J.F.
Debit
Amount
(₹)
Credit
Amount
(₹)
1
 Cash A/c
30,000
2
 Bank A/c
2,19,420
3
 Capital A/c
3,40,000
4
 Purchases A/c
1,01,000
5
 Sales A/c
73,000
6
 Amit
3,000
7
 Parvat
17,120
8
 Discount Allowed A/c
500
9
 Discount Received A/c
1,000
10
 Drawings A/c
10,000
11
 Rent A/c
9,000
12
 Romy
53,760
13
 Input CGST
6,600
14
 Input SGST A/c
6,600
15
 Output IGST A/c
3,000
16
 Output CGST A/c
2,880
17
 Output SGST A/c
2,880
4,39,880
4,39,880

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