7. Pass entries in the books of Sh. Jagdish Mishra of Lucknow (U.P.) assuming CGST @6% and SGST @6%:
| 2023 | |
|---|---|
| March 5 | Purchased goods for ₹2,50,000 from Virender Yadav of Patna (Bihar). |
| March 12 | Sold goods costing ₹60,000 at 50% profit to Partap Sinha of Ranchi (Jharkhanad). |
| March 14 | Purchased goods for ₹70,000 from Ram Nath of Kanpur (U.P.) against cheque. |
| March 18 | Sold goods at Varanasi (U.P.) Costing ₹2,25,000 at 33⅓% profit less trade discount 10% against cheque which was deposited into bank. |
| March 20 | Paid rent ₹25,000 by cheque. |
| March 31 | Payment made of balance amount of GST. |
D.K.Goel/2024 Edition/Practical Questions/Q-07
For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal Publishing Company
Answer :