1.

Following are the transactions of R.Singh & Co., Kanpur (UP) for the month of July, 2018. You are required to Journalise them: 2018 July 1 July 1 July 1 July 2 July 5 July 6 July 11 July 12 July 16 July 20 July 23 July 26 July 28 July 31 Started business with cash Cash paid into bank ​Bought stationery of ₹ 300 plus CGST and SGST 6% each Bought goods of ₹ 21,000 plus CGST and SGST 6% each Sold goods of ₹ 7,500 plus CGST and SGST 6% each Bought office furniture of ₹ 5,000 plus CGST and SGST 6% each from Banerjee Bros. Sold goods of ₹ 10,000 plus CGST and SGST 6% each to Mahendra Received cheque from Mahendra for the amount due Sold goods of ₹ 5,000 plus CGST and SGST 6% each to Ramesh & Co. Bought goods of ₹ 20,000 plus IGST 12% from S. Seth & Bros., Delhi Bought goods of ₹ 2,250 plus IGST 12 % for cash from S. Narain & Co., Ludhiana (Punjab) Ramesh & Co. paid on account Paid to S. Seth & Bros. by cheque in full settlement Rent is due to S. Sharma but not yet paid. ₹ 80,000 50,000 2,500 22,000 1,000

Answer» Following are the transactions of R.Singh & Co., Kanpur (UP) for the month of July, 2018. You are required to Journalise them:








2018

July 1

July 1

July 1

July 2

July 5

July 6

July 11

July 12

July 16

July 20

July 23

July 26

July 28

July 31
Started business with cash

Cash paid into bank

​Bought stationery of ₹ 300 plus CGST and SGST 6% each

Bought goods of ₹ 21,000 plus CGST and SGST 6% each

Sold goods of ₹ 7,500 plus CGST and SGST 6% each

Bought office furniture of ₹ 5,000 plus CGST and SGST 6% each from Banerjee Bros.

Sold goods of ₹ 10,000 plus CGST and SGST 6% each to Mahendra

Received cheque from Mahendra for the amount due

Sold goods of ₹ 5,000 plus CGST and SGST 6% each to Ramesh & Co.

Bought goods of ₹ 20,000 plus IGST 12% from S. Seth & Bros., Delhi

Bought goods of ₹ 2,250 plus IGST 12 % for cash from S. Narain & Co., Ludhiana (Punjab)

Ramesh & Co. paid on account

Paid to S. Seth & Bros. by cheque in full settlement

Rent is due to S. Sharma but not yet paid.

₹ 80,000


50,000



















2,500

22,000

1,000



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