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Record journal entries for the following transactions in the books of Anudeep of Delhi: (a) Bought goods Rs. 2,00,000 from Kanta of Delhi (CGST @ 9%, SGST @ 9%) (b) Bought goods Rs. 1,00,000 for cash from Rajasthan (IGST @ 12%) (c) Sold goods Rs. 1,50,000 to Sudhir of Punjab (IGST @ 18%) (d) Paid for Railway Transport Rs. 10,000 (CGST @ 5%, SGST @ 5%) (e) Sold goods Rs. 1,20,000 to Sidhu of Delhi (CGST @ 9%, SGST @ 9%) Please Help me to Solve this?
Most Upvoted Answer
Record journal entries for the following transactions in the books of ...
A)PurchaseA/c Dr. 200000
Input CGST A/c Dr. 18000
Input SGST A/c Dr. 18000
To Kanta's A/c 236000
B)Purchase A/c Dr. 100000
Input IGST A/c Dr. 12000
To cash A/c 112000
C)Sudhir's A/c Dr. 177000
To sale A/c 150000
To output IGST 27000
D)Expenses A/c Dr. 10000
Input CGST A/c Dr. 500
Input SGST A/c Dr. 500
To cash A/c 11000
E)Sidhu's A/c Dr. 141600
To sale A/c 120000
To output CGST A/c 10800
To output SGST A/c 10800
Input CGST A/c Dr. 18000
Input SGST A/c Dr. 18000
To Kanta's A/c 236000
B)Purchase A/c Dr. 100000
Input IGST A/c Dr. 12000
To cash A/c 112000
C)Sudhir's A/c Dr. 177000
To sale A/c 150000
To output IGST 27000
D)Expenses A/c Dr. 10000
Input CGST A/c Dr. 500
Input SGST A/c Dr. 500
To cash A/c 11000
E)Sidhu's A/c Dr. 141600
To sale A/c 120000
To output CGST A/c 10800
To output SGST A/c 10800
Community Answer
Record journal entries for the following transactions in the books of ...
**Journal Entries**
1. **Bought goods worth Rs. 2,00,000 from Kanta of Delhi (CGST @ 9%, SGST @ 9%)**
- CGST A/c Dr. 18,000
- SGST A/c Dr. 18,000
- To Kanta A/c 2,00,000
**Explanation:** In this transaction, goods worth Rs. 2,00,000 are purchased from Kanta of Delhi. As per the GST rules, CGST and SGST are applicable for intra-state transactions. The CGST and SGST are calculated at a rate of 9% each. Therefore, CGST of Rs. 18,000 and SGST of Rs. 18,000 are debited to the respective tax accounts, and the total purchase amount of Rs. 2,00,000 is credited to Kanta's account.
2. **Bought goods worth Rs. 1,00,000 for cash from Rajasthan (IGST @ 12%)**
- IGST A/c Dr. 12,000
- To Cash A/c 1,12,000
**Explanation:** In this transaction, goods worth Rs. 1,00,000 are purchased for cash from Rajasthan. As this is an inter-state transaction, IGST is applicable at a rate of 12%. Therefore, IGST of Rs. 12,000 is debited to the IGST account, and the total cash paid of Rs. 1,12,000 is credited to the Cash account.
3. **Sold goods worth Rs. 1,50,000 to Sudhir of Punjab (IGST @ 18%)**
- Sudhir A/c Dr. 1,50,000
- To Sales A/c 1,50,000
- IGST A/c Dr. 27,000
- To Sudhir A/c 1,77,000
**Explanation:** In this transaction, goods worth Rs. 1,50,000 are sold to Sudhir of Punjab. As this is an inter-state transaction, IGST is applicable at a rate of 18%. Therefore, the Sales account is debited with the total sales value of Rs. 1,50,000, and Sudhir's account is credited with the same amount. Additionally, IGST of Rs. 27,000 is debited to the IGST account, and Sudhir's account is credited with the total invoice amount of Rs. 1,77,000 (including IGST).
4. **Paid Rs. 10,000 for Railway Transport (CGST @ 5%, SGST @ 5%)**
- Railway Transport A/c Dr. 10,000
- CGST A/c Dr. 500
- SGST A/c Dr. 500
- To Cash A/c 11,000
**Explanation:** In this transaction, Rs. 10,000 is paid for railway transport. As per the GST rules, CGST and SGST are applicable for intra-state services. The CGST and SGST are calculated at a rate of 5% each. Therefore, the Railway Transport account is debited with Rs. 10,000, and CGST of Rs. 500 and SGST of Rs. 500 are debited to their respective
1. **Bought goods worth Rs. 2,00,000 from Kanta of Delhi (CGST @ 9%, SGST @ 9%)**
- CGST A/c Dr. 18,000
- SGST A/c Dr. 18,000
- To Kanta A/c 2,00,000
**Explanation:** In this transaction, goods worth Rs. 2,00,000 are purchased from Kanta of Delhi. As per the GST rules, CGST and SGST are applicable for intra-state transactions. The CGST and SGST are calculated at a rate of 9% each. Therefore, CGST of Rs. 18,000 and SGST of Rs. 18,000 are debited to the respective tax accounts, and the total purchase amount of Rs. 2,00,000 is credited to Kanta's account.
2. **Bought goods worth Rs. 1,00,000 for cash from Rajasthan (IGST @ 12%)**
- IGST A/c Dr. 12,000
- To Cash A/c 1,12,000
**Explanation:** In this transaction, goods worth Rs. 1,00,000 are purchased for cash from Rajasthan. As this is an inter-state transaction, IGST is applicable at a rate of 12%. Therefore, IGST of Rs. 12,000 is debited to the IGST account, and the total cash paid of Rs. 1,12,000 is credited to the Cash account.
3. **Sold goods worth Rs. 1,50,000 to Sudhir of Punjab (IGST @ 18%)**
- Sudhir A/c Dr. 1,50,000
- To Sales A/c 1,50,000
- IGST A/c Dr. 27,000
- To Sudhir A/c 1,77,000
**Explanation:** In this transaction, goods worth Rs. 1,50,000 are sold to Sudhir of Punjab. As this is an inter-state transaction, IGST is applicable at a rate of 18%. Therefore, the Sales account is debited with the total sales value of Rs. 1,50,000, and Sudhir's account is credited with the same amount. Additionally, IGST of Rs. 27,000 is debited to the IGST account, and Sudhir's account is credited with the total invoice amount of Rs. 1,77,000 (including IGST).
4. **Paid Rs. 10,000 for Railway Transport (CGST @ 5%, SGST @ 5%)**
- Railway Transport A/c Dr. 10,000
- CGST A/c Dr. 500
- SGST A/c Dr. 500
- To Cash A/c 11,000
**Explanation:** In this transaction, Rs. 10,000 is paid for railway transport. As per the GST rules, CGST and SGST are applicable for intra-state services. The CGST and SGST are calculated at a rate of 5% each. Therefore, the Railway Transport account is debited with Rs. 10,000, and CGST of Rs. 500 and SGST of Rs. 500 are debited to their respective
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Record journal entries for the following transactions in the books of Anudeep of Delhi: (a) Bought goods Rs. 2,00,000 from Kanta of Delhi (CGST @ 9%, SGST @ 9%) (b) Bought goods Rs. 1,00,000 for cash from Rajasthan (IGST @ 12%) (c) Sold goods Rs. 1,50,000 to Sudhir of Punjab (IGST @ 18%) (d) Paid for Railway Transport Rs. 10,000 (CGST @ 5%, SGST @ 5%) (e) Sold goods Rs. 1,20,000 to Sidhu of Delhi (CGST @ 9%, SGST @ 9%) Please Help me to Solve this?
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Record journal entries for the following transactions in the books of Anudeep of Delhi: (a) Bought goods Rs. 2,00,000 from Kanta of Delhi (CGST @ 9%, SGST @ 9%) (b) Bought goods Rs. 1,00,000 for cash from Rajasthan (IGST @ 12%) (c) Sold goods Rs. 1,50,000 to Sudhir of Punjab (IGST @ 18%) (d) Paid for Railway Transport Rs. 10,000 (CGST @ 5%, SGST @ 5%) (e) Sold goods Rs. 1,20,000 to Sidhu of Delhi (CGST @ 9%, SGST @ 9%) Please Help me to Solve this? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Record journal entries for the following transactions in the books of Anudeep of Delhi: (a) Bought goods Rs. 2,00,000 from Kanta of Delhi (CGST @ 9%, SGST @ 9%) (b) Bought goods Rs. 1,00,000 for cash from Rajasthan (IGST @ 12%) (c) Sold goods Rs. 1,50,000 to Sudhir of Punjab (IGST @ 18%) (d) Paid for Railway Transport Rs. 10,000 (CGST @ 5%, SGST @ 5%) (e) Sold goods Rs. 1,20,000 to Sidhu of Delhi (CGST @ 9%, SGST @ 9%) Please Help me to Solve this? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Record journal entries for the following transactions in the books of Anudeep of Delhi: (a) Bought goods Rs. 2,00,000 from Kanta of Delhi (CGST @ 9%, SGST @ 9%) (b) Bought goods Rs. 1,00,000 for cash from Rajasthan (IGST @ 12%) (c) Sold goods Rs. 1,50,000 to Sudhir of Punjab (IGST @ 18%) (d) Paid for Railway Transport Rs. 10,000 (CGST @ 5%, SGST @ 5%) (e) Sold goods Rs. 1,20,000 to Sidhu of Delhi (CGST @ 9%, SGST @ 9%) Please Help me to Solve this?.
Record journal entries for the following transactions in the books of Anudeep of Delhi: (a) Bought goods Rs. 2,00,000 from Kanta of Delhi (CGST @ 9%, SGST @ 9%) (b) Bought goods Rs. 1,00,000 for cash from Rajasthan (IGST @ 12%) (c) Sold goods Rs. 1,50,000 to Sudhir of Punjab (IGST @ 18%) (d) Paid for Railway Transport Rs. 10,000 (CGST @ 5%, SGST @ 5%) (e) Sold goods Rs. 1,20,000 to Sidhu of Delhi (CGST @ 9%, SGST @ 9%) Please Help me to Solve this? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Record journal entries for the following transactions in the books of Anudeep of Delhi: (a) Bought goods Rs. 2,00,000 from Kanta of Delhi (CGST @ 9%, SGST @ 9%) (b) Bought goods Rs. 1,00,000 for cash from Rajasthan (IGST @ 12%) (c) Sold goods Rs. 1,50,000 to Sudhir of Punjab (IGST @ 18%) (d) Paid for Railway Transport Rs. 10,000 (CGST @ 5%, SGST @ 5%) (e) Sold goods Rs. 1,20,000 to Sidhu of Delhi (CGST @ 9%, SGST @ 9%) Please Help me to Solve this? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Record journal entries for the following transactions in the books of Anudeep of Delhi: (a) Bought goods Rs. 2,00,000 from Kanta of Delhi (CGST @ 9%, SGST @ 9%) (b) Bought goods Rs. 1,00,000 for cash from Rajasthan (IGST @ 12%) (c) Sold goods Rs. 1,50,000 to Sudhir of Punjab (IGST @ 18%) (d) Paid for Railway Transport Rs. 10,000 (CGST @ 5%, SGST @ 5%) (e) Sold goods Rs. 1,20,000 to Sidhu of Delhi (CGST @ 9%, SGST @ 9%) Please Help me to Solve this?.
Solutions for Record journal entries for the following transactions in the books of Anudeep of Delhi: (a) Bought goods Rs. 2,00,000 from Kanta of Delhi (CGST @ 9%, SGST @ 9%) (b) Bought goods Rs. 1,00,000 for cash from Rajasthan (IGST @ 12%) (c) Sold goods Rs. 1,50,000 to Sudhir of Punjab (IGST @ 18%) (d) Paid for Railway Transport Rs. 10,000 (CGST @ 5%, SGST @ 5%) (e) Sold goods Rs. 1,20,000 to Sidhu of Delhi (CGST @ 9%, SGST @ 9%) Please Help me to Solve this? in English & in Hindi are available as part of our courses for Commerce.
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Record journal entries for the following transactions in the books of Anudeep of Delhi: (a) Bought goods Rs. 2,00,000 from Kanta of Delhi (CGST @ 9%, SGST @ 9%) (b) Bought goods Rs. 1,00,000 for cash from Rajasthan (IGST @ 12%) (c) Sold goods Rs. 1,50,000 to Sudhir of Punjab (IGST @ 18%) (d) Paid for Railway Transport Rs. 10,000 (CGST @ 5%, SGST @ 5%) (e) Sold goods Rs. 1,20,000 to Sidhu of Delhi (CGST @ 9%, SGST @ 9%) Please Help me to Solve this?, a detailed solution for Record journal entries for the following transactions in the books of Anudeep of Delhi: (a) Bought goods Rs. 2,00,000 from Kanta of Delhi (CGST @ 9%, SGST @ 9%) (b) Bought goods Rs. 1,00,000 for cash from Rajasthan (IGST @ 12%) (c) Sold goods Rs. 1,50,000 to Sudhir of Punjab (IGST @ 18%) (d) Paid for Railway Transport Rs. 10,000 (CGST @ 5%, SGST @ 5%) (e) Sold goods Rs. 1,20,000 to Sidhu of Delhi (CGST @ 9%, SGST @ 9%) Please Help me to Solve this? has been provided alongside types of Record journal entries for the following transactions in the books of Anudeep of Delhi: (a) Bought goods Rs. 2,00,000 from Kanta of Delhi (CGST @ 9%, SGST @ 9%) (b) Bought goods Rs. 1,00,000 for cash from Rajasthan (IGST @ 12%) (c) Sold goods Rs. 1,50,000 to Sudhir of Punjab (IGST @ 18%) (d) Paid for Railway Transport Rs. 10,000 (CGST @ 5%, SGST @ 5%) (e) Sold goods Rs. 1,20,000 to Sidhu of Delhi (CGST @ 9%, SGST @ 9%) Please Help me to Solve this? theory, EduRev gives you an
ample number of questions to practice Record journal entries for the following transactions in the books of Anudeep of Delhi: (a) Bought goods Rs. 2,00,000 from Kanta of Delhi (CGST @ 9%, SGST @ 9%) (b) Bought goods Rs. 1,00,000 for cash from Rajasthan (IGST @ 12%) (c) Sold goods Rs. 1,50,000 to Sudhir of Punjab (IGST @ 18%) (d) Paid for Railway Transport Rs. 10,000 (CGST @ 5%, SGST @ 5%) (e) Sold goods Rs. 1,20,000 to Sidhu of Delhi (CGST @ 9%, SGST @ 9%) Please Help me to Solve this? tests, examples and also practice Commerce tests.
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