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Journalise the following in the books of Amit Saini, Gurugram (Haryana):(i) Goods of ₹ 5,000 were taken by him for personal use.(ii) ₹ 2,000 due from Sohan were 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 ₹ 2,000 from Ramesh, whose account was written off as bad debts.(vii) Goods costing ₹ 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 taken by him for personal use. (ii) ₹ 2,000 due from Sohan were 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 ₹ 2,000 from Ramesh, whose account was written off as bad debts. (vii) Goods costing ₹ 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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