Question 7: From
the following transactions of Kamal, Guwahati, prepare Purchases Book and post
into Ledger:
|
2021 |
|
|
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 Discount@10% plus CGST and SGST @ 6% each. |
|
April 20 |
April 20 Purchased from Music India
Ltd, Delhi: 10 music systems @ ` 10,000
each less Trade Discount @ 15% plus IGST @ 129%. |
|
April 30 |
Purchased from Videocon India Ltd,
Kolkata: 5 washing machines @ ` 15,000
each less Trade Discount @ 20% plus IGST@ 12%. |
Answer:
|
In the Books of Kamal, Guwahati PURCHASES BOOK |
|||||||||
|
Date |
Particulars |
Invoice No. |
L.F. |
Details ` |
Cost ` |
Input CGST ` |
Input SGST ` |
Input IGST ` |
Total ` |
|
2021 April 1 April 15 April 20 April 30 April 30 |
Videocon India Ltd., Kolkata 30 Colour TVs @ ` 15,000 each Less: Trade
Discount 10% Add: IGST @
12% |
|
|
4,50,000 45,000 |
4,05,000 1,80,000 85,000 60,000 |
... 10,800 ... ... |
... 10,800 ... ... |
48,600 ... 10,200 7,200 |
4,53,600 2,01,600 95,200 67,200 |
|
4,05,000 48,600 |
|||||||||
|
4,53,600 |
|||||||||
|
Sony India Ltd., Guwahati 10 Colour TVs @ ` 20,000 each Less: Trade
Discount 10% Add: CGST @ 6% SGST @ 6% |
2,00,000 20,000 |
||||||||
|
1,80,000 10,800 10,800 |
|||||||||
|
2,01,600 |
|||||||||
|
Music India Ltd., Delhi 10 Music Systems @ ` 10,000 each Less: Trade
Discount 15% Add: IGST @
12% |
1,00,000 15,000 |
||||||||
|
85,000 10,200 |
|||||||||
|
95,200 |
|||||||||
|
Videocon India Ltd., Kolkata 5 Washing Machines @ ` 15,000 each Less: Trade
Discount 20% Add: IGST @
12% |
75,000 15,000 |
||||||||
|
60,000 7,200 |
|||||||||
|
67,200 |
|||||||||
|
|
|
7,30,000 |
10,800 |
10,800 |
66,000 |
8,17,600 |
|||
Ledger
|
Dr. |
VIDEOCON INDIA LTD., KOLKATA |
Cr. |
|||||||
|
Date |
Particulars |
J.F. |
` |
Date |
Particulars |
J.F. |
` |
||
|
2021 |
|
|
|
2021 |
|
|
|
|
|
|
April 30 |
To Balance c/d |
5,20,800 |
April |
1 |
By |
Purchases A/c |
4,05,000 |
||
|
|
|
|
|
|
By |
Input IGST A/c |
48,600 |
||
|
|
|
|
April |
30 |
By |
Purchases A/c |
60,000 |
||
|
|
|
|
|
|
By |
Input IGST A/c |
7,200 |
||
|
|
|
5,20,800 |
|
|
|
|
5,20,800 |
||
|
|
|
|
|
|
|||||
|
Dr. |
SONY INDIA LTD., GUWAHATI |
Cr. |
|||||
|
Date |
Particulars |
J.F. |
` |
Date |
Particulars |
J.F. |
` |
|
2021 April 30 |
To Balance c/d |
|
2,01,600 |
2021 April 15 |
By Purchases A/c By Input CGST A/c By Input SGST A/c |
|
1,80,000 10,800 10,800 |
|
2,01,600 |
2,01,600 |
||||||
|
|
|||||||
|
Dr. |
MUSIC INDIA LTD., DELHI |
Cr. |
|||||
|
Date |
Particulars |
J.F. |
` |
Date |
Particulars |
J.F. |
` |
|
2021 April 30 |
To Balance c/d |
|
95,200 |
2021 April 20 |
By Purchases A/c By Input IGST A/c |
|
85,000 10,200 |
|
95,200 |
95,200 |
||||||
|
|
|||||||
|
Dr. |
PURCHASES
ACCOUNT |
Cr. |
|||||
|
Date |
Particulars |
J.F. |
` |
Date |
Particulars |
J.F. |
` |
|
2021 April 30 |
To Sundries as per Purchases Book for April, 2021 |
|
7,30,000 |
|
|
|
|
|
Dr. |
INPUT CGST
ACCOUNT |
Cr. |
|||||
|
Date |
Particulars |
J.F. |
` |
Date |
Particulars |
J.F. |
` |
|
2021 April 30 |
To Sundries as per Purchases Book for April, 2021 |
|
10,800 |
|
|
|
|
|
Dr. |
INPUT SGST ACCOUNT |
Cr. |
|||||
|
Date |
Particulars |
J.F. |
` |
Date |
Particulars |
J.F. |
` |
|
2021 April 30 |
To Sundries as per Purchases Book for April, 2021 |
|
10,800 |
|
|
|
|
|
Dr. |
INPUT IGST
ACCOUNT |
Cr. |
|||||
|
Date |
Particulars |
J.F. |
` |
Date |
Particulars |
J.F. |
` |
|
2021 April 30 |
To Sundries as per Purchases Book for April, 2021 |
|
66,000 |
|
|
|
|