Question 3: Journalise the following in the books of Amit Saini, Gurugram (Haryana):
(i) Goods of ` 5,000, out of goods purchased within the state, were
taken by him for personal use.
(ii) `
2,000 due from Sohan were bad debts.
(ii) Goods of ` 6,000 were destroyed by fire and were not insured.
These goods were purchased from outside the state.
(iv) Paid 4,000 in cash as wages on installation of machine.
(GST is not to be levied.)
(v) Sold goods to Arjun of Delhi of list
price ` 20,000. Trade discount @ 10% and cash discount of 5%
was allowed. He paid the amount on the same day and availed the cash discount.
(vi) Received `2,000 from
Ramesh, whose account was written off as bad debts.
(vii) Goods costing ` 1,000 given as charity. These goods were purchased
from within the state.
(viii) Received `9,750 from Ramesh in full settlement of his account of
` 10,000.
(ix) Paid rent in advance `4,000.
CGST and SGST is to be levied on
intra-state sale @ 6% each and IGST 12% on inter-state sale.
Answer:
|
JOURNAL OF AMIT SAINI, GURUGRAM (HARYANA) |
|||||
|
Date |
Particulars |
|
L.F. |
Dr. (`) |
Cr. (`) |
|
(i) |
Drawings A/c To
Purchases A/c To Input
CGST A/c To Input
SGST A/c (Being the goods withdrawn for personal use, GST
reversed) |
Dr. |
|
5,600 |
5,000 300 300 |
|
(ii) |
Bad Debts A/c To Sohan (Being the bad debts recorded) |
Dr. |
|
2,000 |
2,000 |
|
(iii) |
Loss of Goods by Fire A/c To Purchases A/c To Input
IGST A/c (Being the goods lost by fire, IGST reversed) |
Dr. |
|
6,720 |
6,000 720 |
|
(iv) |
Machinery A/c To Cash
A/c (Being the wages for installation of machine paid) |
Dr. |
|
4,000 |
4,000 |
|
(v) |
Cash A/c Discount Allowed A/c To Sales
A/c To Output IGST A/c (Being the inter-state sale of goods for cash) (WN) |
Dr. Dr. |
|
19,152 900 |
18,000 2,052 |
|
(vi ) |
Cash A/c To Bad Debts Recovered A/c (Being the bad debts recovered) |
Dr. |
|
2,000 |
2,000 |
|
(vii) |
Charity A/c To Purchases A/c To Input CGST A/c To Input SGST A/c (Being the goods given as charity, GST reversed) |
Dr. |
|
1,120 |
1,000 60 60 |
|
(viii ) |
Cash A/c Discount Allowed A/c To Ramesh (Being the cash received and discount allowed) |
Dr. Dr. |
|
9,750 250 |
10,000 |
|
(ix) |
Advance Rent A/c Input CGST A/c Input SGST A/c To Cash
A/c (Being the advance rent paid) |
Dr. Dr. Dr. |
|
4,000 240 240 |
4,480 |