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Question 2 Chapter 5 – Unimax Publications of Class 11
2. Pass entries in the books of Anmol assuming all transactions have been entered
State of Punjab.
2020
Jan.1 Purchased goods for Rs. 4,00,000 and payment made by cheque.
Jan. 4 Sold goods for Rs. 2,00,000 to Ravi Singh.
Jan. 6 Goods withdrawn by proprietor for personal use Rs. 20,000.
Jan. 8 Purchased goods for Rs. 50,000 on credit from Sunil.
Jan. 10 Paid for printing & stationery Rs. 10,000
Jan. 18 Goods distributed as free samples Rs. 10,000
Jan. 20 Received interest Rs. 5,000
Jan. 24 Paid for advertisement Rs. 30,000 for cheque
Jan. 30 Sold goods for Rs. 2,00,000 on cash.
Assume CGST@ 6% and SGST @ 6%.
The solution of Question 2 Chapter 5 – Unimax Publications of Class 11:
JOURNAL OF ANMOL
| Date | Particulars | L.F. | Debit | Credit | |
| 2020 | |||||
| Jan. 1 | Purchases A/c | Dr. | 4,00,000 | ||
| Input CGST A/c | Dr. | 24,000 | |||
| Input SGST A/c | Dr. | 24,000 | |||
| To Bank A/c | 4,48,000 | ||||
| (Being goods purchased by cheque) | |||||
| Jan. 4 | Ravi Singh A/c | Dr. | 2,24,000 | ||
| To Sales A/c | 2,00,000 | ||||
| To Output CGST A/c | 12,000 | ||||
| To Output SGST A/c | 12,000 | ||||
| (Being goods sold to Ravi) | |||||
| Jan. 6 | Drawings A/c | Dr. | 22,400 | ||
| To Purchase Return A/c | 20,000 | ||||
| To Input CGST A/c | 1,200 | ||||
| To Input SGST A/c | 1,200 | ||||
| (Being goods withdrawn by proprietor for personal use) | |||||
| Jan. 8 | Purchases A/c | Dr. | 50,000 | ||
| Input CGST A/c | Dr. | 3,000 | |||
| Input SGST A/c | Dr. | 3,000 | |||
| To Sunil A/c | 56,000 | ||||
| (Being goods purchased from Sunil) | |||||
| Jan. 10 | Printing & Stationery A/c | Dr. | 10,000 | ||
| Output CGST A/c | Dr. | 600 | |||
| Output SGST A/c | Dr. | 600 | |||
| To Cash A/c | 11,200 | ||||
| (Being printing & stationery paid) | |||||
| Jan. 18 | Advertisement A/c | Dr. | 10,000 | ||
| Input CGST A/c | 600 | ||||
| Input SGST A/c | 600 | ||||
| To Purchases A/c | 11,200 | ||||
| (Being goods distributed as free samples) | |||||
| Jan. 20 | Cash A/c | Dr. | 5,600 | ||
| To Interest received A/c | 5,000 | ||||
| To Output CGST /c | 300 | ||||
| To Output SGST /c | 300 | ||||
| (Being interest received) | |||||
| Jan. 24 | Advertisement A/c | Dr. | 30,000 | ||
| Input CGST A/c | 1,800 | ||||
| Input SGST A/c | 1,800 | ||||
| To Bank A/c | 33,600 | ||||
| (Being advertisement paid by cheque) | |||||
| Jan. 30 | Cash A/c | Dr. | 2,24,000 | ||
| To Sales A/c | 2,00,000 | ||||
| To Output SGST A/c | 12,000 | ||||
| To Output CGST A/c | 12,000 | ||||
| (Being goods sold for Cash) | |||||
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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