12. Naman has following balances in his GST Accounts as on 31st March, 2024: Particulars IGST(₹) CGST(₹) SGST(₹) Input GST 2,50,000 2,00,000 2,00,000 Output GST 4,00,000 1,50,000 1,50,000 Pass the Journal entries for set-off of GST. T.S.Grewal/2024 Edition/Practical Problems/Q-12 For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, … Read more
11. Gurman has following balances in his GST Accounts as on 31st March, 2024: Particulars IGST(₹) CGST(₹) SGST(₹) Input GST 6,00,000 2,00,000 2,00,000 Output GST 5,00,000 1,50,000 1,50,000 Pass the Journal entries for set-off of GST. T.S.Grewal/2024 Edition/Practical Problems/Q-11 For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, … Read more
10. Enter the following transactions in the Sales Return Book of Raj Computers, Delhi: 2023 July 1 Sohan & Sons, Delhi returned 2 Laptops HP sold @ ₹40,000 each plus CGST and SGST @ 6% each July 2 Ramesh & Sons, Noida returned 2 ‘Ricoh’ printers sold @ ₹10,000 each plus IGST @ 12% July … Read more
9. Record the following transactions in the Purchases Return Book of Kamla Stores, Delhi for April, 2024: 2024 April 6 Returned goods to Ramesh Brothers, Delhi purchased for ₹5,000 plus CGST and SGST @ 6% each April 8 Returned goods to Sohan Brothers, Meerut purchased for ₹10,000 plus IGST@ 12% April 17 Returned goods to … Read more
8. From the following particulars, prepare Sales Book of Gupta & Co., Kolkata who deals in furniture: 2024 Jan 5 Sold on credit to Hari & Co., Kolkata: 10 Tables @ ₹1,100 each 20 Chairs @ ₹1,000 each Charged CGST and SGST @ 6% each Jan 10 Sold to M/s. Sharma & Co,, Delhi on … Read more
7. From the following transactions of Kamal, Guwahati, prepare Purchases Book and post into Ledger: 2024 April 1 Purchased from Videocon India Ltd., Kolkata: 30 Colour T.Vs @ ₹15,000 each, less Trade Discount @ 10% plus IGST @ 12%. April 15 Purchased from Sony India Ltd., Guwahati: 10 Colour T.Vs @ ₹20,000 each less Trade … Read more
6. Record the following transactions of Sumant. Kochi in a Two-column Cash Book and balance the book on 31st January, 2024: Date Particulars ₹ Date Particulars ₹ 2024 2024 Jan. 1 Cash Balance 1,000 Jan. 16 Bought goods, including IGST @ 12% 6,720 Jan. 1 Bank Balance 14,500 Jan. 19 Issued cheque to Shyam 3,700 … Read more
5. Pass Journal entries in the books of Puneet, Delhi for the following: Received an order from Karan & Co. for supply of goods of ₹50,000. Received an order from AK & Co. for goods of ₹1,00,000 along with a cheque for ₹25,000 Paid to staff ₹40,000 against outstanding salaries of ₹60,000. Sold goods to … Read more
4. Journalise the following transactions in the books of Mohan, Delhi: Raj of Alwar, Rajasthan who owed Mohan ₹25,000 became insolvent and received 60 paise in a rupee as full and final settlement. Mohan owes to his landlord ₹10,000 as rent. GST payable @ 6% each. Charge depreciation of 10% on furniture costing ₹50,000 Salaries … Read more
3. Journalise the following in the books of Amit Saini, Gurugram (Haryana): Goods of ₹5,000, out of goods purchased within the state, were taken by him for personal use. ₹2,000 due from Sohan were bad debts. Goods of ₹6,000 were destroyed by fire and were not insured. These goods were purchased from outside the state. … Read more