Question 2: Journalise the following transactions in the books of
Gupta Bros., Lucknow (UP):
|
March 2 |
Pad into bank |
20,000 |
|
March 3 |
Bought goods from Mohan Bros., Lucknow
on credit |
`,000 |
|
March 4 |
Sold goods to Goyal
Bros, Kanpur (UP) on credit |
6,000 |
|
March 5 |
Bought a computer against cheque |
20,000 |
|
March 7 |
Received from salesman for goods sold
by him |
11,800 |
|
March 10 |
Goyal Bros. gave cheque; deposited in the bank |
`,080 |
|
March 11 |
Paid to Mohan Bros. by cheque |
6,700 |
|
|
Discount allowed by him |
300 |
|
March 13 |
Received an order for goods along with
advance of 1,000 in cash from Mahesh |
5,000 |
|
March 15 |
Interest received from bank |
400 |
|
March 20 |
Bank intimates that the cheque of Goyal Bros. is returned dishonoured |
|
|
March 22 |
Paid rent by cheque |
600 |
Note: CGST
and SGST is levied @9% each on intra-state (within the state) sale and purchase
and IGST is levied @ 18% on inter-state (Outside the state) sale and purchase.
Answer:
|
|
JOURNAL OF GUPTA BROS |
|
||||
|
Date |
Particulars |
L.F. |
Dr. (`) |
Cr. (`) |
||
|
2021 |
Cash A/c Stock A/c Furniture A/c To Capital A/c (Being the business started with cash, stock and furniture) |
Dr. Dr. Dr. |
|
|
|
|
|
March 1 |
30,000 |
|||||
|
|
15,000 |
|||||
|
|
20,000 |
|||||
|
|
|
65,000 |
||||
|
March |
2 |
Bank A/c To Cash A/c (Being the cash paid in bank) |
Dr. |
20,000 |
|
|
|
|
|
20,000 |
||||
|
March |
3 |
Purchases A/c Input CGST A/c Input SGST A/c To Mohan Bros. (Being the goods purchased from Mohan Bros., Lucknow payable CGST and
SGST @ 9% each) |
Dr. Dr. Dr. |
7,000 |
|
|
|
|
|
630 |
||||
|
|
|
630 |
||||
|
|
|
8,260 |
||||
|
March |
4 |
Goyal Bros. To Sales A/c To Output CGST A/c To Output SGST A/c (Being the goods sold to Goyal Bros., Kanpur
and charged CGST and SGST @ 9% each) |
Dr. |
7,080 |
|
|
|
|
|
6,000 |
||||
|
540 |
||||||
|
540 |
||||||
|
March |
5 |
Computer A/c Input CGST A/c Input SGST A/c To Bank A/c (Being the computer purchased, paying CGST and SGST @ 9% each) |
Dr. Dr. Dr. |
20,000 |
|
|
|
|
|
1,800 |
||||
|
|
|
1,800 |
||||
|
|
|
23,600 |
||||
|
March |
7 |
Cash A/c To Sales A/c To Output CGST A/c To Output SGST A/c (Being the cash received from salesman) |
Dr. |
11,800 |
|
|
|
|
|
10,000 |
||||
|
900 |
||||||
|
900 |
||||||