1.

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.

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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