Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce

Page No 13.60:

Question 5:

Record the following transaction in the Purchases Book of Modern Furniture House, New Delhi assuming CGST @ 6% and SGST @ 6% and post it into Ledger:

2017
Nov. 3	Purchased goods from Sachdeva Furniture Store, New Delhi :
	50 Chairs @ ₹ 2,000 each
	5 Tables @ ₹ 10,000 each
	Less: 10% Trade Discount
10	Purchased furniture from Mahadeva & Co., Jaipur (Rajasthan) valued ₹ 2,00,000, less  Trade Discount.
18	Purchased furniture from Fashion Furniture House, Chandigarh of the list price of ₹ 2,50,000, less 15%.
20	Purchased from India Furniture House, New Delhi :
	100 Chairs @ ₹ 1,800 each
25	Purchased from Mohan Lal & Sons furniture of the value of ₹ 20,000 for cash.

ANSWER:

Note: Transaction on Nov. 25 will not be recorded in the Purchases Book as it is a cash transaction.
(2) Input CGST, Input SGST and Input IGST according to text book are Rs.18,900, 18,900 and Rs.46,500 respectively while as per our calculation Input CGST, Input SGST and Input IGST  are Rs.23,250, 2,250 and Rs.37,800 respectively

Page No 13.60:

Question 6:

Record the following transaction in the Sales Book of Karunakaran & Sons, Chennai (Tamilnadu) assuming CGST @ 90% and SGST @ 9% and post them into Ledger:-

ANSWER:







Note: Transaction on Dec. 24 will not be recorded in the Sales Book as it is a cash transaction.

Page No 13.61:
Question 7:
Enter the following transactions in Return Outward Book of Modern Furniture House, Udaipur (Rajasthan) assuming CGST @ 6% and SGST @ 6% and post it into Ledger:-

ANSWER:








Question 8:
Enter the following transactions in Return Inward Book of M/s Kanitkar & Co. of Mumbai (Maharashtra) assuming CGST @ 2.5% and SGST @ 2.5% and post it into Ledger:

ANSWER:

Page No 13.61:
Question 9:
Enter the following transactions in proper Subsidiary Books and post them into Ledger:−

ANSWER: