1.

With Goods and Services Tax (GST)Journalise the following transactions of Singh Enterprises, Delhi: 2017 June 1 June 2 June 3 June 4 June 11 June 13 June 17 June 20 June 27 June 30 Started business with cash Deposited cheque from Savings Account in firm's account Received cash from Ram Purchased goods for cash Sold goods to M/s. Hari Sales, Delhi Paid to Ramavtar Received from M/s. Hari Sales Bought furniture from S.R. Furnishers against Cash (including CGST and SGST) Paid rent Paid salary ₹ 50,000 2,00,000 50,000 15,000 12,000 40,000 10,000 22,400 28,000 50,000 CGST and SGST 6% each is levied on Intra-state sale and purchase.

Answer»
With Goods and Services Tax (GST)

Journalise the following transactions of Singh Enterprises, Delhi:








2017

June 1

June 2

June 3

June 4

June 11

June 13

June 17

June 20

June 27

June 30


Started business with cash

Deposited cheque from Savings Account in firm's account

Received cash from Ram

Purchased goods for cash

Sold goods to M/s. Hari Sales, Delhi

Paid to Ramavtar

Received from M/s. Hari Sales

Bought furniture from S.R. Furnishers against Cash (including CGST and SGST)

Paid rent

Paid salary

50,000

2,00,000

50,000

15,000

12,000

40,000

10,000

22,400

28,000

50,000




CGST and SGST 6% each is levied on Intra-state sale and purchase.


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