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Question 16 Chapter 3 – Unimax Publications of Class 11
16 Prepare the accounting action from the following:
(i) Started business with cash Rs. 6,00,000.
(ii) Purchased Machinery Costing Rs. 1,00,000 plus CGST 9% and SGST 9%.
(iii) Paid telephone bill Rs. 6,000 plus CGST 9% and SGST 9%.
(iv) Purchased goods from other state worth Rs. 80,000 plus IGST 18%.
(v) Purchased goods worth 40,000 plus 9% CGST and 9% SGST.
(vi) Sold goods casting Rs. 60,000 for Rs. 80,000 in other state plus IGST 18%.
(vii) Purchased stationery worth Rs. 8,000 plus 6% CGST and 6% SGST.
(viii) Sold goods casting Rs. 40,000 for Rs. 50,000 to other state plus IGST 1896.
The solution of Question 16 Chapter 3 – Unimax Publications of Class 11:
| Transactions | Assets | Liabilities | + Capital | |||||
| Cash | +Stock | +Input CGST | +Input SGST | +Input IGST | +Stock | +Output IGST | ||
| 1. started business with cash 6,00,000 . | +6,00,000 | 6,00,000 | ||||||
| 2. Purchased machinery costingRs.1,00,000 plus CGST 9% and SGST 9%. | – 1,18,000 | 1,.00,000 | +9000 | +9000 | 0 | |||
| 3. Paid telephone bill Rs. 6,000 plus CGST 9% and SGST 9% | -7,080 | +0 | +540 | +540 | 6,000 | |||
| 4. purchased goods from another state worth RS. 80,000 plus IGST 18%. | -94,400 | +0 | +0 | +0 | +14,400 | +80,000 | 0 | |
| 5. Purchased goods worth 40,000 plus 9% CGST and 9% SGST. | -47,200 | +0 | +3,600 | +3,600 | +0 | +40,000 | 0 | |
| 6. Sold goods costing Rs. 60,000 for Rs. 80,000 plus 6% CGST and 6% SGST. | +94,400 | +0 | +0 | +0 | +0 | -60,000 | +14,400 | +20,000 |
| 7. Purchased Stationary worth Rs. 8,000 plus 6% CGST and 6% SGST | -8,960 | +0 | +480 | +480 | +0 | 0 | 0 | -8,000 |
| 8. Sold goods costing Rs. 40,000for Rs. 50,000 to other state plus IGST 18%. | +59,000 | +0 | +0 | +0 | +0 | -40,000 | +9,000 | +10,000 |
| 4,77,760 | +1,00,000 | +13,620 | +13,620 | 14,400 | 20,.000 | 23,400 | 6,16,000 | |
| 6,39,400 | 6,39,400 | |||||||
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