Pass entries in the books of Sh. Jagdish Mishra of Lucknow (U.P.) assu

Pass entries in the books of Sh. Jagdish Mishra of Lucknow (U.P.) assuming CGST 6% and SGST 6%: 2018 March 5 Purchased goods for ₹ 2,50,000 from Virender Yadav of Patna (Bihar). March 12 Sold goods costing ₹ 60,000 at 50% profit to Partap Sinha of Ranchi (Jharkhand). March 14 Purchased goods for ₹ 70,000 from Ram Nath of Kanpur (U.P.) against cheque. March 18 Sold goods at Varanasi (U.P.) Costing ₹ 2,25,000 at 3313% profit less trade discount 10% against cheque which was deposited into bank. March 20 Paid rent ₹ 25,000 by cheque. March 31 Payment made of balance amount of GST.

Answer» Pass entries in the books of Sh. Jagdish Mishra of Lucknow (U.P.) assuming CGST 6% and SGST 6%:

2018
March 5	Purchased goods for ₹ 2,50,000 from Virender Yadav of Patna (Bihar).
March 12	Sold goods costing ₹ 60,000 at 50% profit to Partap Sinha of Ranchi (Jharkhand).
March 14	Purchased goods for ₹ 70,000 from Ram Nath of Kanpur (U.P.) against cheque.
March 18	Sold goods at Varanasi (U.P.) Costing ₹ 2,25,000 at $33 \frac{1}{3} %$ profit less trade discount 10% against cheque which was deposited into bank.
March 20	Paid rent ₹ 25,000 by cheque.
March 31	Payment made of balance amount of GST.