Std. Xi Cbse GST Transactions: Date Particulars Amount

Std.
XI CBSE
GST Transactions
1. Pass the Journal entries for the following transactions:
(i) Purchased goods from Sanjiv of Rs.40,000 plus IGST @ 12% at 10% Trade Discount
and 2% Cash Discount. Paid amount at the time of purchase itself.
(ii) Purchased goods from Vijay Rs.40,000 plus IGST @ 12% at 10% Trade Discount
and 3% Cash Discount. Half of the amount paid at the time of purchase.
(iii) Sold goods to Anil for Rs.20,000 plus CGST and SGST @ 6% each, allowed him
10% Trade Discount and 3% Cash Discount. Received half of the amount by cash
and balance by cheque within agreed time.
(iv) Sold goods to Ajay for Rs.50,000 plus CGST and SGST @ 6% each at 10% Trade
Discount and 2% Cash discount. Half of the amount received by cheque within
specified time.
(v) Sold goods costing Rs.40,000 to Anil against a current dated cheque at a profit of
25% on cost less 20% trade discount plus IGST @ 12%. Cash discount is allowed
@ 2%.
2. Transactions of Ramesh of Delhi for April, 2018 are given below. Journalise them.
Date Particulars Amount
2018 Rs.
Apr. 1 Ramesh started business and brought capital in cash. 1,00,000
Apr. 2 Paid into Bank. 70,000
Apr. 3 Bought goods for Rs.5,000 plus CGST and SGST @ 6% each.
Apr. 4 Withdrew cash from bank for office. 1,000
Apr. 13 Sold goods to Krishna for Rs.1,500 plus CGST and SGST @ 6% each.
Apr. 20 Bought goods from Shyam for Rs.3,000 plus CGST and SGST @ 6% each.
Apr. 24 Cash received from Krishna. 1,680
Apr. 24 Sold Goods to Rakesh for Rs.10,000 plus CGST and SGST @ 6% each. He
paid half the amount by cheque and availed Cash Discount of 2%.
Apr. 28 Cash paid to Shyam. 3,200
Discount allowed by him 160
Apr. 30 Cash Sales for the month Rs.8,000 plus CGST and SGST @ 6% each
Apr. 30 Paid Rent Rs.500 plus CGST and SGST @ 6% each.
Apr. 30 Paid Salary to Ram. 3,000
Std. XI CBSE | GST Transactions 1

3. Journalise the following transactions in the books of Shiv Enterprises, Delhi:
i. Purchased goods from Shyam & Co., Delhi of list price Rs.25,000 at 20% trade
discount and 3% cash discount on value of goods. Paid CGST and SGST @ 6% each.
Payment was made immediately and availed cash discount.
ii. Purchased goods from Sunder Agencies, Delhi of list price Rs.20,000 at 25% trade
discount and 2% cash discount. Paid CGST and SGST @ 6% each. 50% of the
payment was made immediately.
iii. Purchased goods from Rama & Sons, Delhi of list price Rs.50,000 at 20% trade
discount and 3% cash discount. Paid CGST and SGST @ 6% each. 75% of the
payment was made immediately by cheque.
iv. Sold to Ramesh & Co., Chandigarh goods of list price Rs.40,000 at 15% trade discount
and 3% cash discount on Value (Cost) of goods. Charged IGST @ 12%. Ramesh &
Co. paid the full amount by cheque and availed cash discount.
v. Sold to Rajat & Co., Chennai goods costing Rs.10,000 at 25% profit, allowing 10%
trade discount and 2 ½ % cash discount. Charged IGST @ 12%. Rajat & Co. made
60% payment immediately.
vi. Sold goods of list price Rs.50,000 less 20% trade discount. Charged IGST @ 12%.
Cash discount allowed @ 2% against cheque payment.
4. Record the following transactions in a Journal.

(i) Withdrew goods for personal use (Cost Rs.5,000 + IGST @ 12%; Sales Price
Rs.6,600).
(ii) Goods costing Rs.500 given as charity. These goods were purchased paying
CGST and SGST @ 6% each.
(iii) A cheque for Rs.5,000 received from Rajib was deposited into bank, returned
dishonoured.
5. Journalise the following transactions in the books of Rajan of Delhi:

(i) Paid Rs.5,000 in cash as wages on installation of machinery.
(ii) Sold goods to Krishna of Delhi at the list price Rs.20,000 less trade discount 10%
add CGST and SGST @ 6% each, and allowed cash discount 5%. He paid the
amount immediately.
(iii) Sold goods costing Rs.60,000 to Mohan of Kolkata issued invoice at 10% above cost
less 5% trade discount plus IGST @ 12%.
(iv) Goods valued at Rs.2,500 distributed from stock as samples, as part of an advertising
campaign. These goods were purchased paying CGST and SGST @ 6% each.
(v) Anjan, a customer, to whom goods were sold, was allowed rebate of Rs.2,000
because they were of poor quality. These goods were sold charging CGST and SGST
@ 6% each.
(vi) Sold goods costing Rs.1,00,000 to Anil of Delhi at a profit of 25% on sales less 20%
Trade Discount plus CGST and SGST @ 6% each and paid cartage Rs.250 (Not to
be charged from customer).

6. D. Chadha, Delhi commenced business on 1st January, 2018. His transactions for the
month are given below. Journalise them.
2018 Rs.
Jan. 1 Commenced business with cash. 25,000
Jan. 2 Opened Bank Account with cheque from his Savings Account. 2,25,000
Jan. 3 Bought goods from Ramesh & Co., Delhi, paid CGST and SGST @ 6% each. 54,000
Jan. 3 Sold goods to Rajesh of Rs.60,000, charged CGST and SGST @ 6% each.
Jan. 7 Bought goods of Rs.65,000 from Rahul, Chennai, paid IGST @ 12%.
Jan. 8 Paid wages in cash. 8,000
Jan. 8 Sold goods to Mahesh, Kochi of Rs.60,000; charged IGST @ 12%.
Jan. 10 Received cheque from Rajesh (Discount allowed Rs.1,200). 66,000
Jan. 10 Paid into Bank. 66,000
Jan. 11 Paid to Ramesh & Co. (Discount received Rs.2,700). 51,300
Jan. 12 Paid Rent @ Rs.15,000 per month for three months up to March, paid CGST
and SGST @ 6% each.
Jan. 15 Paid office expenses in cash. 700
Jan. 21 Sold to Mahesh, Delhi goods of Rs.25,000, charged CGST and SGST
@ 6% each
Jan. 22 Paid Rahul by Cheque. (discount Rs.3,200) 61,300
Jan. 25 Received cheque from Mahesh, Kochi (discount Rs.1,500) 65,700
Jan. 27 Mahesh, Delhi returned goods (not up to sample) 2,000
Jan. 31 Paid Salaries for the month. 20,000
7. Record the following transactions in the Journal of Ashoka Furniture Traders:

2018
Jan. 1 Started business with Cash. 50,000
Jan. 2 Deposited into bank from his Savings Account. 3,50,000
Jan. 10 Purchased Machinery of Rs.1,00,000. An old machine (personal)
valued at Rs.15,000 was given in exchange and balance was paid by
cheque. IGST was levied and charged @ 12%.
Jan. 15 Paid Installation charge for machinery. 2,000
Jan. 20 Purchased timber from Singh & Co. of the list price of Rs.20,000 plus
CGST and SGST @ 6% each.
He allowed 10% Trade Discount.
Jan. 25 Timber costing Rs.5,000 was used for furnishing the office.
Jan. 31 Sold Furniture to Rakesh of the list price of Rs.10,000 and allowed him
10% Trade Discount.
Jan. 31 Old Furniture valued at Rs.500 was taken from Rakesh in exchange.
CGST and SGST @ 6% each was paid.
Feb. 10 Sent cheque to Singh & Co. in full settlement. 19,000
Feb. 15 Received from Rakesh in full and final settlement. 9,000
Feb. 20 Paid Wages. 15,000
Feb. 25 Issued a cheque for Rs.5,000 in favour of the landlord for Rent of Feb.

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Std.

Std. XI CBSE | GST Transactions 1

4. Record the following transactions in a Journal.

5. Journalise the following transactions in the books of Rajan of Delhi:

Std. XI CBSE | GST Transactions 2

7. Record the following transactions in the Journal of Ashoka Furniture Traders:

Std. XI CBSE | GST Transactions 3

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