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Question 1 Chapter 5 – Unimax Publications of Class 11
1. Pass entries in the books of Surindra assuming all transactions have taken place within the state. Assume CGST @9% and SGST@9%.
2020
April 1 Purchased goods for Rs. 6,00,000 from Mohan & Sons.
April 4 Sold goods for Rs. 10,00,000 to Sohan& Co.
April 5 Goods returned Rs. 1,00,000 to Mohan & Sons.
April 10 Paid for Advertisement Rs. 40,000 by cheque
April 15 Goods returned by Sohan & Co. Rs. 2,00,000
April 20 Purchased Furniture for office use Rs. 1,00,000 and payment made by cheque.
April 22 Paid for printing & stationery Rs. 10,000.
The solution of Question 1 Chapter 5 – Unimax Publications of Class 11:
JOURNAL OF SURINDRA
| Date | Particulars | L.F. | Debit | Credit | |
| 2020 | |||||
| Apr. 1 | Purchases A/c | Dr. | 6,00,000 | ||
| Input CGST A/c | Dr. | 54,000 | |||
| Input SGST A/c | Dr. | 54,000 | |||
| To Mohan& Sons A/c | 7,08,000 | ||||
| (Being good purchased from Mohan & Sons within the state) | |||||
| Apr. 4 | Sohan A/c | Dr. | 11,80,000 | ||
| To Sales A/c | 10,00,000 | ||||
| To Output CGST A/c | 90,000 | ||||
| To Output SGST A/c | 90,000 | ||||
| (Being goods sold to Sohan within the state) | |||||
| Apr. 5 | Mohan& Sons A/c | Dr. | 1,18,000 | ||
| To Purchase Return A/c | 1,00,000 | ||||
| To Input CGST A/c | 9,000 | ||||
| To Input SGST A/c | 9,000 | ||||
| (Being goods returned to Mohan & Sons) | |||||
| Apr. 10 | Advertisement A/c | Dr. | 40,000 | ||
| Input CGST A/c | 3,600 | ||||
| Input SGST A/c | 3,600 | ||||
| To Bank A/c | 47,200 | ||||
| (Being advertisement paid by cheque and GST levied) | |||||
| Apr. 15 | Sales Return A/c | Dr. | 2,00,000 | ||
| Output CGST A/c | 18,000 | ||||
| Output SGST A/c | 18,000 | ||||
| To Bank A/c | 2,36,000 | ||||
| (Being goods returned by Sohan and GST levied) | |||||
| Apr. 20 | Furniture A/c | Dr. | 1,00,000 | ||
| Input CGST A/c | 9,000 | ||||
| Input SGST A/c | 9,000 | ||||
| To Bank A/c | 1,18,000 | ||||
| (Being furniture purchased by cheque and GST paid) | |||||
| Apr. 22 | Printing & Stationery A/c | Dr. | 10,000 | ||
| Input CGST A/c | 900 | ||||
| Input SGST A/c | 900 | ||||
| To Discount A/c | 11,800 | ||||
| (Being printing& stationery paid) | |||||
End of Solution
Check Out the Solution of all questions for this chapter:
The solutions to all questions of Chapter No. 5 – Goods and Services Tax (GST) : An Introduction Unimax – Class 11 are shown as follows, click on the image of the question to get the solution.
Question 6 Chapter 5 – Unimax Publications of Class 11
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1. Comprehensive Solutions for All Chapters of Advanced Accountancy I Class 11 by Unimax
UnimaxSolutions.in offers a comprehensive solution for students studying Advanced Accountancy I Part 1 in Class 11. With their meticulously curated study material, students can access comprehensive solutions to all the questions included within each chapter. By selecting the chapter name from the study material, students can easily navigate through the topics and find detailed explanations and step-by-step solutions to the problems presented in that section. Whether it’s understanding complex accounting concepts, mastering calculation techniques, or analyzing financial statements, Unimax provides a valuable resource to aid students in their learning journey. With these comprehensive solutions at their disposal, students can enhance their understanding, clarify doubts, and improve their problem-solving skills in Advanced Accountancy, ensuring they are well-prepared for their Class 11 examinations.
- Chapter No. 1 – Introduction of Accounting
- Chapter No. 2 – Theory Base of Accounting
- Chapter No. 3 – Vouchers and Transactions
- Chapter No. 4 – Journal
- Chapter No. 5 – Goods and Services Tax (GST): An Introduction
- Chapter No. 6 – Ledger
- Chapter No. 7 – Special Purpose Book – Cash Book
- Chapter No. 8 – Other Subsidiary Books
- Chapter No. 9 – Trial Balance
- Chapter No. 10 – Rectification of Errors
- Chapter No. 11 – Depreciation
- Chapter No. 12 – Provision and Reserves
- Chapter No. 13 – Bank Reconciliation Statement
- Chapter No. 14 – Bills of Exchange
- Chapter No. 15 – Financial Statements (Without Adjustments)
- Chapter No. 16 – Financial Statements (With Adjustments)
- Chapter No. 17 – Accounts from Incomplete Records – Single Entry System
2. Punjab School Education Board (PSEB) Solutions of Usha Publication.
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