1.

With Goods and Services Tax (GST)Prepare Simple Cash book of Sri Gopal of Amritsar from the following transactions:​ 2018 ₹ April 1 Sri Gopal commenced business introducing cash ₹ 60,000 and ₹ 1,50,000 by taking a loan from the Allahabad Bank. April 4 Purchased following assets for business: Computer ₹ 16,000; Furniture ₹ 18,500 and Machinery ₹ 32,000 plus CGST and SGST 6% each, paid by cheque April 6 Purchased goods of ₹ 40,000 plus CGST and SGST 6% each from Bhushan, Amritsar, half of the value paid in cash. April 8 Paid wages for installation of Machinery 4,000 April 12 Computer repair charges ₹ 1,900 paid along with CGST and SGST 6% each April 15 Paid wages 15,000 Purchased Postage Stamps 150 Paid for stationery of ₹ 2,700 along with CGST and SGST 6% each April 19 Sold for cash half the goods purchased from Bhushan to Anil Krishna at a profit of25% and allowed him Trade Discount of 5%. Charged CGST and SGST 6% each April 24 Payment to carpenter for repairs to private property 350 April 26 Paid for medical expenses of Smt. Gopal 1,800 April 30 Paid for shop rent ₹ 2,000 along with CGST and SGST 6% each.

Answer» With Goods and Services Tax (GST)

Prepare Simple Cash book of Sri Gopal of Amritsar from the following transactions:​






































































2018
April 1 Sri Gopal commenced business introducing cash ₹ 60,000 and ₹ 1,50,000 by taking a loan from the Allahabad Bank.
April 4 Purchased following assets for business: Computer ₹ 16,000; Furniture ₹ 18,500 and Machinery ₹ 32,000 plus CGST and SGST 6% each, paid by cheque
April 6 Purchased goods of ₹ 40,000 plus CGST and SGST 6% each from Bhushan, Amritsar, half of the value paid in cash.
April 8 Paid wages for installation of Machinery 4,000
April 12 Computer repair charges ₹ 1,900 paid along with CGST and SGST 6% each
April 15 Paid wages 15,000
Purchased Postage Stamps 150
Paid for stationery of ₹ 2,700 along with CGST and SGST 6% each
April 19 Sold for cash half the goods purchased from Bhushan to Anil Krishna at a profit of25% and allowed him Trade Discount of 5%. Charged CGST and SGST 6% each
April 24 Payment to carpenter for repairs to private property 350
April 26 Paid for medical expenses of Smt. Gopal 1,800
April 30

Paid for shop rent ₹ 2,000 along with CGST and SGST 6% each.






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