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Journalise the following in the books of Amit Saini, Gurugram (Haryana):(i) Goods of ₹ 5,000 were used by him for domestic purpose.(ii) ₹ 2,000 due from Sohan became bad debts.(iii) Goods of ₹ 6,000 were destroyed by fire and were not insured.(iv) Paid ₹ 4,000 in cash as wages on installation of machine. GST is not to be levied.(v) Sold goods to Arjun of Delhi of list price ₹ 20,000. Trade discount 10% and cash discount of 5% was allowed.He paid the amount on the same day and availed the cash discount.(vi) Received cash for a bad debt written off last year ₹ 2,000.(vii) Goods of ₹ 1,000 given as charity.(viii) Received ₹ 9,750 from Ramesh in full settlement of his account of ₹ 10,000.(ix) Paid rent in advance ₹ 4,000.CGST and SGST is to be levied on intra-state sale 6% each and IGST 12% on inter-state sale. |
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Answer» Journalise the following in the books of Amit Saini, Gurugram (Haryana): (i) Goods of ₹ 5,000 were used by him for domestic purpose. (ii) ₹ 2,000 due from Sohan became bad debts. (iii) Goods of ₹ 6,000 were destroyed by fire and were not insured. (iv) Paid ₹ 4,000 in cash as wages on installation of machine. GST is not to be levied. (v) Sold goods to Arjun of Delhi of list price ₹ 20,000. Trade discount 10% and cash discount of 5% was allowed. He paid the amount on the same day and availed the cash discount. (vi) Received cash for a bad debt written off last year ₹ 2,000. (vii) Goods of ₹ 1,000 given as charity. (viii) Received ₹ 9,750 from Ramesh in full settlement of his account of ₹ 10,000. (ix) Paid rent in advance ₹ 4,000. CGST and SGST is to be levied on intra-state sale 6% each and IGST 12% on inter-state sale. |
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