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Journalise followings :- 1. Goods purchased from Mohan Rs. 10,000 (CGST and SGST 9% eash) 2. Goods purchased for 90,000 payment given by cheque (IGST 18%) 3. Goods sold for Rs. 1,00,000 to Sohan (CGST and SGST 9% each) 4. Goods sold for Rs. 1,00,000 on cash (IGST 18%) 5. Goods return to Mohan Rs. 1,000. 6. Goods return by Sohan for Rs.2,000?
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Journalise followings :- 1. Goods purchased from Mohan Rs. 10,000 (CGS...
Journal Entries for Transactions
Here are the journal entries based on the transactions provided:
1. Goods Purchased from Mohan
- Date: [Transaction Date]
- Particulars: Purchases A/c Dr. 10,000
- To: Mohan A/c 10,000
- CGST A/c Dr. 900
- SGST A/c Dr. 900
- To: Input CGST A/c 900
- To: Input SGST A/c 900
2. Goods Purchased via Cheque
- Date: [Transaction Date]
- Particulars: Purchases A/c Dr. 90,000
- To: Bank A/c 90,000
- IGST A/c Dr. 16,200
- To: Input IGST A/c 16,200
3. Goods Sold to Sohan
- Date: [Transaction Date]
- Particulars: Sohan A/c Dr. 1,00,000
- To: Sales A/c 1,00,000
- CGST A/c Cr. 9,000
- SGST A/c Cr. 9,000
- To: Output CGST A/c 9,000
- To: Output SGST A/c 9,000
4. Cash Sale of Goods
- Date: [Transaction Date]
- Particulars: Cash A/c Dr. 1,00,000
- To: Sales A/c 1,00,000
- IGST A/c Cr. 18,000
- To: Output IGST A/c 18,000
5. Goods Returned to Mohan
- Date: [Transaction Date]
- Particulars: Mohan A/c Dr. 1,000
- To: Purchases Returns A/c 1,000
- CGST A/c Cr. 90
- SGST A/c Cr. 90
- To: Output CGST A/c 90
- To: Output SGST A/c 90
6. Goods Returned by Sohan
- Date: [Transaction Date]
- Particulars: Sales Returns A/c Dr. 2,000
- To: Sohan A/c 2,000
- CGST A/c Cr. 180
- SGST A/c Cr. 180
- To: Input CGST A/c 180
- To: Input SGST A/c 180
These entries follow the double-entry accounting system and reflect the impacts of GST on both purchases and sales transactions. Ensure to replace "[Transaction Date]" with the actual date of each transaction.
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Journalise followings :- 1. Goods purchased from Mohan Rs. 10,000 (CGST and SGST 9% eash) 2. Goods purchased for 90,000 payment given by cheque (IGST 18%) 3. Goods sold for Rs. 1,00,000 to Sohan (CGST and SGST 9% each) 4. Goods sold for Rs. 1,00,000 on cash (IGST 18%) 5. Goods return to Mohan Rs. 1,000. 6. Goods return by Sohan for Rs.2,000?
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Journalise followings :- 1. Goods purchased from Mohan Rs. 10,000 (CGST and SGST 9% eash) 2. Goods purchased for 90,000 payment given by cheque (IGST 18%) 3. Goods sold for Rs. 1,00,000 to Sohan (CGST and SGST 9% each) 4. Goods sold for Rs. 1,00,000 on cash (IGST 18%) 5. Goods return to Mohan Rs. 1,000. 6. Goods return by Sohan for Rs.2,000? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Journalise followings :- 1. Goods purchased from Mohan Rs. 10,000 (CGST and SGST 9% eash) 2. Goods purchased for 90,000 payment given by cheque (IGST 18%) 3. Goods sold for Rs. 1,00,000 to Sohan (CGST and SGST 9% each) 4. Goods sold for Rs. 1,00,000 on cash (IGST 18%) 5. Goods return to Mohan Rs. 1,000. 6. Goods return by Sohan for Rs.2,000? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Journalise followings :- 1. Goods purchased from Mohan Rs. 10,000 (CGST and SGST 9% eash) 2. Goods purchased for 90,000 payment given by cheque (IGST 18%) 3. Goods sold for Rs. 1,00,000 to Sohan (CGST and SGST 9% each) 4. Goods sold for Rs. 1,00,000 on cash (IGST 18%) 5. Goods return to Mohan Rs. 1,000. 6. Goods return by Sohan for Rs.2,000?.
Solutions for Journalise followings :- 1. Goods purchased from Mohan Rs. 10,000 (CGST and SGST 9% eash) 2. Goods purchased for 90,000 payment given by cheque (IGST 18%) 3. Goods sold for Rs. 1,00,000 to Sohan (CGST and SGST 9% each) 4. Goods sold for Rs. 1,00,000 on cash (IGST 18%) 5. Goods return to Mohan Rs. 1,000. 6. Goods return by Sohan for Rs.2,000? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
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