CGST AND SGST
Company Name: Kunal Electronic Store
Ledger Entries
Opening Amount Rs. 12,50,000
Cash At Bank Rs. 50,00,000
Loan Rec. a/c (10,00,000)
Bad Debts. (Amount Rs. 5,00,000)
Inventory Items
Voucher Entries
1. Sold goods (2 Refrigerator) with 28% GST.
2. Purchase Goods (100 Mobile, 70 Television) on credit with 18% GST, From Philips Store.
3. Withdraw cash Rs. 7,00,000 from bank to office use.
4. Sold goods on credit (2 Mobile) to Mr. Krishna with 18% GST.
5. Receive Bad debts Amt. Rs. 2,00,000 by cheque.
6. Sold goods on credit (2 Refrigerator)s to Umesh General Store with 28% GST.
7. Sold goods (4 Mobile, 2 Television) with 18% GST.
8. Sold goods (50 Pen drive) with 2% discount.
9. Paid interest rate 3% on Loan amount.
10. Paid 4,50,000 to Philips store by cheque.
GST + DISCOUNT
Company name: Krishana General Store
Ledger Entries
Opening Amount Rs. 10,00,000
Cash At Bank Rs. 20,00,000
Furniture A/c (Amount Rs. 45,000)
IGST (INTEGRATED GST)
Ledger Entries
Opening Amount Rs. 12,50,000
Cash At Bank Rs. 50,00,000
Loan Rec. a/c (10,00,000)
Bad Debts. (Amount Rs. 5,00,000)
Inventory Items
Item name
|
Company name
|
Quantity
|
Price
|
Sales Price
|
GST
|
Pen drive
|
HP
|
200
|
450
|
550
|
12%
|
Mobile
|
Samsung
|
150
|
12,000
|
12,750
|
18%
|
Television
|
Philips
|
100
|
15,000
|
16,000
|
18%
|
Refrigerator
|
Whirlpool
|
120
|
23500
|
25,000
|
28%
|
Voucher Entries
1. Sold goods (2 Refrigerator) with 28% GST.
2. Purchase Goods (100 Mobile, 70 Television) on credit with 18% GST, From Philips Store.
3. Withdraw cash Rs. 7,00,000 from bank to office use.
4. Sold goods on credit (2 Mobile) to Mr. Krishna with 18% GST.
5. Receive Bad debts Amt. Rs. 2,00,000 by cheque.
6. Sold goods on credit (2 Refrigerator)s to Umesh General Store with 28% GST.
7. Sold goods (4 Mobile, 2 Television) with 18% GST.
8. Sold goods (50 Pen drive) with 2% discount.
9. Paid interest rate 3% on Loan amount.
10. Paid 4,50,000 to Philips store by cheque.
GST + DISCOUNT
Company name: Krishana General Store
Ledger Entries
Opening Amount Rs. 10,00,000
Cash At Bank Rs. 20,00,000
Furniture A/c (Amount Rs. 45,000)
Item name
|
Brand/Company
|
Quantity
|
Units
|
Price
|
Sales Price
|
Washing powder
|
Tide
|
500
|
Pkt.
|
20
|
25
|
Bath Soap
|
Pears
|
250
|
PCs.
|
55
|
60
|
Toothpaste
|
Colgate
|
600
|
PCs.
|
80
|
85
|
Corn flakes
|
Kelloggs
|
450
|
Pkt.
|
60
|
65
|
Almond
|
Flax
|
400
|
Pkt.
|
350
|
365
|
Peanut butter
|
Sundrop
|
350
|
PCs.
|
250
|
270
|
Voucher Entries
1. Sold goods (10 Washing powder, 5 Bath soap) with 5% GST.
2. Purchase goods (200 Bath soap) with 2% discount and 5% GST.
3. Sold goods (70 Almond packets) with 2.5% discount 12% GST.
4. Sold goods on credit (25 Peanut butter) To Subhash & Sons with 18% GST.
5. Return defected sold goods (2 Peanut butter) with 18% GST.
6. Purchase goods on credit (200 Peanut butter) from Sundrop with 3% discount & 18% GST.
7. Return defected purchased goods (5 Peanut butter to Sundrop with 3% discount & 18% GST.
8. Received Amt. Rs. 20,000 from Subhash & Sons.
9. Purchase chairs for office use (Total Amount Rs. 50,000) paid 22,000 to Kunal furniture store.
10. Paid Amt. Rs. 50,000 to Sundrop by cheque.
11. Depreciation 5.5% on furniture.
12. Received remaining amount from Subash & Sons.
2. Purchase goods (200 Bath soap) with 2% discount and 5% GST.
3. Sold goods (70 Almond packets) with 2.5% discount 12% GST.
4. Sold goods on credit (25 Peanut butter) To Subhash & Sons with 18% GST.
5. Return defected sold goods (2 Peanut butter) with 18% GST.
6. Purchase goods on credit (200 Peanut butter) from Sundrop with 3% discount & 18% GST.
7. Return defected purchased goods (5 Peanut butter to Sundrop with 3% discount & 18% GST.
8. Received Amt. Rs. 20,000 from Subhash & Sons.
9. Purchase chairs for office use (Total Amount Rs. 50,000) paid 22,000 to Kunal furniture store.
10. Paid Amt. Rs. 50,000 to Sundrop by cheque.
11. Depreciation 5.5% on furniture.
12. Received remaining amount from Subash & Sons.
IGST (INTEGRATED GST)
Company Name: Mohan & Sons Pvt. Ltd.
Ledger Entries
Opening Amount Rs. 40,00,000
Cash At Bank Rs. 2,00,00,000
Furniture A/c (Amount Rs. 60,000)
Inventory Items
Voucher Entries
1. Sold goods (2 Washing machine) with 28% IGST.
2. Purchase Goods (200 LED Bulb) 12% GST.
3. Return defected purchased goods (10 LED Bulb) 12% GST
4. Withdraw cash Rs. 7,00,000 from bank to office use.
5. Sold goods on credit (1 Washing machine, 5 LEDs) To Mr. Sumit with 28% IGST
6. Return defected sold goods (1 LED) with 28% IGST.
7. Depreciation 4.5% on furniture.
8. Sold goods on credit(75 LED bulb) to Mr. Vikram with 12% GST.
9. Sold goods for cash (1 Washing machine, 4 LEDs) with 28% GST.
10. Purchase goods (100 Bicycle) with 18% GST (Payment made by cheque)
11. Purchase goods by cash (1000 LED Bulb) with 12% IGST.
12. Return defected goods (10 LED Bulb) with 12% IGST.
13. Purchase goods on credit from RK Store (750 Bicycles) with 18% IGST.
14. Paid charity Amount Rs. 5,000 by cheque.
15. Paid Amount Rs. 2,00,000 by cheque.
MULTIPLE GST RATES
Company Name: LG Store
Ledger Entries
Opening Amount Rs. 25,00,000
Cash At Bank Rs. 60,00,000
Bad Debts A/c Rs. 4,00,000
Inventory Items
GST (SERVICE TAX)
Company Name: Amit Advertisement Agency
Ledger Entries
Opening Amount Rs. 30,00,000
Cash At Bank Rs. 75,00,000
Counting machine A/c (Amount Rs. 80,000)
Voucher Entries
1. Sold advertisement service (Local) Amt. Rs. 25,000 with 28% GST.
2. Purchase Courier service (Local) Amt. Rs. 17,000 with 12% GST.
3. Paid office rent 65,000 by cheque.
4. Withdraw cash Rs. 10,00,000 from bank to office use.
5. Sold advertisement service (InterState) Amt. Rs. 40,000 with 28% IGST.
6. Purchase service (Transport service) from Amit Transporter (Amt. Rs. 40,000) with 18% IGST.
7. Depreciation 7.5% on counting machine.
8. Purchase rail transport service Rs. 5,000 from Indian rail with 5% IGST.
9. Purchase Courier service (InterState) from Blue Dart Couriers, Amount Rs. 4000 with 18% IGST.
10. Purchase ceiling fan from Khetan fan (Total amount Rs. 7,000) Paid 3,000 by cheque.
GST (COMBINE QUESTION)
Ledger Entries
Opening Amount Rs. 40,00,000
Cash At Bank Rs. 2,00,00,000
Furniture A/c (Amount Rs. 60,000)
Inventory Items
Item name
|
Company name
|
Quantity
|
Price
|
Sales Price
|
IGST
|
Bicycle
|
Strom Ride
|
450
|
4,500
|
5,000
|
18%
|
Washing Machine
|
Samsung
|
200
|
22,000
|
22,500
|
28%
|
LEDs
|
Philips
|
300
|
15,000
|
16,500
|
28%
|
LED Bulb
|
Philips
|
500
|
100
|
110
|
12%
|
Voucher Entries
1. Sold goods (2 Washing machine) with 28% IGST.
2. Purchase Goods (200 LED Bulb) 12% GST.
3. Return defected purchased goods (10 LED Bulb) 12% GST
4. Withdraw cash Rs. 7,00,000 from bank to office use.
5. Sold goods on credit (1 Washing machine, 5 LEDs) To Mr. Sumit with 28% IGST
6. Return defected sold goods (1 LED) with 28% IGST.
7. Depreciation 4.5% on furniture.
8. Sold goods on credit(75 LED bulb) to Mr. Vikram with 12% GST.
9. Sold goods for cash (1 Washing machine, 4 LEDs) with 28% GST.
10. Purchase goods (100 Bicycle) with 18% GST (Payment made by cheque)
11. Purchase goods by cash (1000 LED Bulb) with 12% IGST.
12. Return defected goods (10 LED Bulb) with 12% IGST.
13. Purchase goods on credit from RK Store (750 Bicycles) with 18% IGST.
14. Paid charity Amount Rs. 5,000 by cheque.
15. Paid Amount Rs. 2,00,000 by cheque.
Ledger Entries
Opening Amount Rs. 25,00,000
Cash At Bank Rs. 60,00,000
Bad Debts A/c Rs. 4,00,000
Inventory Items
Item name
|
Company name
|
Quantity
|
Price
|
Sales Price
|
GST
|
Cell Phone
|
Samsung
|
350
|
4,500
|
5,000
|
18%
|
Washing Machine
|
LG
|
200
|
22,000
|
22,500
|
28%
|
DVD Player
|
LG
|
300
|
4,500
|
4800
|
28%
|
LED Tube
|
LG
|
500
|
120
|
150
|
12%
|
Voucher Entries
1. Sold goods (10 LED Tube, 4 DVD Player) with 12% & 28% GST.
2. Purchase Goods (150 LED Tube, 100 DVD Players) with 12% IGST, 28% IGST.
3. Return defected goods (5 LED Tube) 12% IGST.
4. Receive bad debts 25% of total amount by cheque.
5. Sold goods on credit (5 Washing machine, 15 DVD Players) to Mr. Sumit with 28% IGST.
6. Return defected sold goods (2 DVD Players) with 28% IGST.
7. Paid employee welfare amount Rs. 75,000 by cheque.
8. Sold for cash (2 Cell Phone, 10 LED Tube) with 18% IGST, 12 GST.
9. Purchase goods (100 Cell phone, LED Tube 200) with GST 18%, GST 28%, (Paid by cheque)
10. Receive remaining bad debts amount by cheque.
11. Sold goods (50 Cellphone ,50 LED Tubes) with 18% & 12% GST.
12. Return defected sold goods (2 Cellphone, 5 LED Tubes) with 18% & 12% GST.
1. Sold goods (10 LED Tube, 4 DVD Player) with 12% & 28% GST.
2. Purchase Goods (150 LED Tube, 100 DVD Players) with 12% IGST, 28% IGST.
3. Return defected goods (5 LED Tube) 12% IGST.
4. Receive bad debts 25% of total amount by cheque.
5. Sold goods on credit (5 Washing machine, 15 DVD Players) to Mr. Sumit with 28% IGST.
6. Return defected sold goods (2 DVD Players) with 28% IGST.
7. Paid employee welfare amount Rs. 75,000 by cheque.
8. Sold for cash (2 Cell Phone, 10 LED Tube) with 18% IGST, 12 GST.
9. Purchase goods (100 Cell phone, LED Tube 200) with GST 18%, GST 28%, (Paid by cheque)
10. Receive remaining bad debts amount by cheque.
11. Sold goods (50 Cellphone ,50 LED Tubes) with 18% & 12% GST.
12. Return defected sold goods (2 Cellphone, 5 LED Tubes) with 18% & 12% GST.
Ledger Entries
Opening Amount Rs. 30,00,000
Cash At Bank Rs. 75,00,000
Counting machine A/c (Amount Rs. 80,000)
Voucher Entries
1. Sold advertisement service (Local) Amt. Rs. 25,000 with 28% GST.
2. Purchase Courier service (Local) Amt. Rs. 17,000 with 12% GST.
3. Paid office rent 65,000 by cheque.
4. Withdraw cash Rs. 10,00,000 from bank to office use.
5. Sold advertisement service (InterState) Amt. Rs. 40,000 with 28% IGST.
6. Purchase service (Transport service) from Amit Transporter (Amt. Rs. 40,000) with 18% IGST.
7. Depreciation 7.5% on counting machine.
8. Purchase rail transport service Rs. 5,000 from Indian rail with 5% IGST.
9. Purchase Courier service (InterState) from Blue Dart Couriers, Amount Rs. 4000 with 18% IGST.
10. Purchase ceiling fan from Khetan fan (Total amount Rs. 7,000) Paid 3,000 by cheque.
GST (COMBINE QUESTION)
Company Name: Heritage IT Solution
Ledger Entries
Opening Amount Rs. 65,00,000
Cash At Bank Rs. 85,50,000
Sofa set A/c (Amount Rs. 1,25,000)
Inventory Items
Voucher Entries
1. Sold AMC Service (Local) Amount Rs. 27,500 with 28% GST.
2. Purchase Goods (400 Ink Cartage) with 12% IGST.
3. Purchase Courier service (InterState) Amt Rs. 20,000 From BLUE DART with 18% IGST.
4. Sold AMC service (InterState) Amount Rs. 35,000 with 28% IGST.
5. Depreciation 7.5% on Sofa Set.
6. Purchase goods on credit (150 Printer) From HP Store with 4% discount & 28% IGST.
7. Return defected purchased goods (4 Printer) with 4% discount & 28% IGST.
8. Sold goods (4 Laptop, 2 Printer) with 28% GST.
9. Purchase transport service (InterState) from AWX Transporter (Amt. Rs. 50,000) with 28% IGST.
10. Sold goods on credit (20 Printer, 25 Ink Cartage) To Anupam IT Institute with GST 28% & 12%
11. Return defected sold goods (2 Printer)
12. Sold Repair Service on credit To Anupam IT Institute (Amt. Rs. 45,000) with GST 28%
13. Recieve cheque Rs. 65,000 from Anupam IT Institute.
14. Sold goods (20 Router, 15 Printer) with IGST 18% & 28%
15. Receiving remaining balance from Anupam IT Institute.
Ledger Entries
Opening Amount Rs. 65,00,000
Cash At Bank Rs. 85,50,000
Sofa set A/c (Amount Rs. 1,25,000)
Inventory Items
Item name
|
Company name
|
Quantity
|
Price
|
Sales Price
|
GST
|
Router
|
Dlink
|
400
|
2,200
|
5,000
|
18%
|
Laptop
|
Sony
|
200
|
27,000
|
29,500
|
28%
|
Printer
| HP |
300
|
7,000
|
8,000
|
28%
|
Ink Cartage
|
HP
|
500
|
1,000
|
12,00
|
12%
|
Voucher Entries
1. Sold AMC Service (Local) Amount Rs. 27,500 with 28% GST.
2. Purchase Goods (400 Ink Cartage) with 12% IGST.
3. Purchase Courier service (InterState) Amt Rs. 20,000 From BLUE DART with 18% IGST.
4. Sold AMC service (InterState) Amount Rs. 35,000 with 28% IGST.
5. Depreciation 7.5% on Sofa Set.
6. Purchase goods on credit (150 Printer) From HP Store with 4% discount & 28% IGST.
7. Return defected purchased goods (4 Printer) with 4% discount & 28% IGST.
8. Sold goods (4 Laptop, 2 Printer) with 28% GST.
9. Purchase transport service (InterState) from AWX Transporter (Amt. Rs. 50,000) with 28% IGST.
10. Sold goods on credit (20 Printer, 25 Ink Cartage) To Anupam IT Institute with GST 28% & 12%
11. Return defected sold goods (2 Printer)
12. Sold Repair Service on credit To Anupam IT Institute (Amt. Rs. 45,000) with GST 28%
13. Recieve cheque Rs. 65,000 from Anupam IT Institute.
14. Sold goods (20 Router, 15 Printer) with IGST 18% & 28%
15. Receiving remaining balance from Anupam IT Institute.
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