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Question 8 Chapter 5 – Unimax Publications of Class 11
8 Journalise the given data/setting off Input GST and Output GST amounts and Payment GST.
| Input CGST = 10,000 | Output SGST = 4,000 |
| Input SGST = 10,000 | Output SGST = 4,000 |
| Input IGST = 10,000 | Output IGST= 30,000 |
The solution of Question 8 Chapter 5 – Unimax Publications of Class 11:
JOURNAL
| Date | Particulars | L.F. | Debit | Credit | |
| 1. | Setting off Input CGST against Output CGST | ||||
| Output CGST A/c | Dr. | 4,000 | |||
| To Input CGST A/C | 4,000 | ||||
| (Being the input CGST set off against Output CGST) | |||||
| 2. | Setting off Input CGST against output IGST | ||||
| Output IGST A/c | Dr. | 6,000 | |||
| To Input CGST A/C | 6,000 | ||||
| (Being the input CGST set off against Output IGST) | |||||
| 3. | Setting off Input SGST against Output SGST | ||||
| Output SGST A/c | Dr. | 4,000 | |||
| To Input SGST A/C | 4,000 | ||||
| (Being input SGST set off against Output SGST) | |||||
| 4. | Setting off Input SGST against Output IGST | ||||
| Output IGST A/c | Dr. | 6,000 | |||
| To Input IGST A/C | 6,000 | ||||
| (Being the input SGST set off against Output IGST) | |||||
| 5. | Setting off Input IGST against Output IGST | ||||
| Output IGST A/c | Dr. | 10,000 | |||
| To Input IGST A/C | 10,000 | ||||
| (Being the input IGST set off against Output IGST) | |||||
| 6. | For the Payment of GST | ||||
| Output IGST A/c | Dr. | 8,000 | |||
| To Bank A/C | 8,000 | ||||
| (Being the Balance 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.
If you’re a student enrolled in the Punjab School Education Board Class 11, it’s essential to explore a wide range of books to cover the syllabus thoroughly. While the prescribed textbooks are undoubtedly valuable, supplementing your studies with additional resources can enhance your understanding and knowledge. Consider checking out other books that align with the curriculum, offering different perspectives and insights on the subjects you’re studying. These supplementary materials can provide you with alternative explanations, practice questions, and examples that may aid in clarifying complex concepts. Moreover, exploring diverse sources can expose you to a variety of writing styles and viewpoints, fostering a broader understanding of the subjects. So, seize the opportunity to expand your learning by delving into other books that can complement your studies and contribute to your academic growth.
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