1.

Journalise the following transactions of Ram Delhi: 2018 ₹ Jan. 1 Ram commenced business with cash 30,000 Jan. 2 Open a bank account with Union Bank by cheque from saving account 21,000 Jan. 3 Purchased goods from Rahul in cash 10,000 Jan. 7 Withdrew cash from bank for office use 3,000 Jan. 10 Sold goods to Hari, Delhi on credit 5,000 Jan. 15 Purchased goods from Shyam, Meerut (UP) 15,000 Jan. 20 Cash sales 3,000 Jan. 25 Paid to Shyam 14,750 Discount Received 250 Jan. 31 Paid Salaries 10,000 CGST and SGST is levied 6% each on intra-state sale and purchase. IGST is levied 12% on inter-state sale and purchase.

Answer» Journalise the following transactions of Ram Delhi:




























































2018
Jan. 1 Ram commenced business with cash 30,000
Jan. 2 Open a bank account with Union Bank by cheque from saving account 21,000
Jan. 3 Purchased goods from Rahul in cash 10,000
Jan. 7 Withdrew cash from bank for office use 3,000
Jan. 10 Sold goods to Hari, Delhi on credit 5,000
Jan. 15 Purchased goods from Shyam, Meerut (UP) 15,000
Jan. 20 Cash sales 3,000
Jan. 25 Paid to Shyam 14,750
Discount Received 250
Jan. 31 Paid Salaries 10,000



CGST and SGST is levied 6% each on intra-state sale and purchase. IGST is levied 12% on inter-state sale and purchase.


Discussion

No Comment Found

Related InterviewSolutions