Scribd Logo
Upload

Welcome to Scribd!

  • Example 1: Intra-State (In State)

    Uploaded by

    pmcmbharat264
    18 views4 pages
    The document shows accounting entries for the purchase of goods worth Rs. 100,000 locally within the same state. It involves debiting the Purchase account for Rs. 100,000, CGST account for Rs. 9,000 (@9% of purchase amount) and SGST account for Rs. 9,000 (@9% of purchase amount). The total amount of Rs. 1,18,000 is credited to the Cash/Bank/Creditors account. This is an example transaction for an intra-state purchase where both CGST and SGST are applicable at 9% each.

    Original Description:

    EXTRA

    Original Title

    Example 1

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document shows accounting entries for the purchase of goods worth Rs. 100,000 locally within the same state. It involves debiting the Purchase account for Rs. 100,000, CGST account for Rs. 9,000 (@9% of purchase amount) and SGST account for Rs. 9,000 (@9% of purchase amount). The total amount of Rs. 1,18,000 is credited to the Cash/Bank/Creditors account. This is an example transaction for an intra-state purchase where both CGST and SGST are applicable at 9% each.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    18 views4 pages

    Example 1: Intra-State (In State)

    Uploaded by

    pmcmbharat264
    The document shows accounting entries for the purchase of goods worth Rs. 100,000 locally within the same state. It involves debiting the Purchase account for Rs. 100,000, CGST account for Rs. 9,000 (@9% of purchase amount) and SGST account for Rs. 9,000 (@9% of purchase amount). The total amount of Rs. 1,18,000 is credited to the Cash/Bank/Creditors account. This is an example transaction for an intra-state purchase where both CGST and SGST are applicable at 9% each.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 4

    Example 1: Intra-state (In state)

    Purchased goods Rs. 1,00,000 locally (intra state) CGST @9% and SGST@9%

    Purchase A/c ………………Dr. 1,00,000

    CGST A/c ………….…………Dr. 9,000

    SGST A/c ………………….…Dr. 9,000

    To Cash/ Bank/ Creditors A/c ………………….. Cr. 1,18,000

    Example 1: Intra-state (In state)


    Purchased goods Rs. 1,00,000 locally (intra state) CGST @9% and SGST@9%

    Purchase A/c ………………Dr. 1,00,000

    CGST A/c ………….…………Dr. 9,000

    SGST A/c ………………….…Dr. 9,000

    To Cash/ Bank/ Creditors A/c ………………….. Cr. 1,18,000

    Example 1: Intra-state (In state)


    Purchased goods Rs. 1,00,000 locally (intra state) CGST @9% and SGST@9%

    Purchase A/c ………………Dr. 1,00,000

    CGST A/c ………….…………Dr. 9,000

    SGST A/c ………………….…Dr. 9,000

    To Cash/ Bank/ Creditors A/c ………………….. Cr. 1,18,000

    Example 1: Intra-state (In state)


    Purchased goods Rs. 1,00,000 locally (intra state) CGST @9% and SGST@9%

    Purchase A/c ………………Dr. 1,00,000

    CGST A/c ………….…………Dr. 9,000

    SGST A/c ………………….…Dr. 9,000

    To Cash/ Bank/ Creditors A/c ………………….. Cr. 1,18,000


    Example 1: Intra-state (In state)
    Purchased goods Rs. 1,00,000 locally (intra state) CGST @9% and SGST@9%

    Purchase A/c ………………Dr. 1,00,000

    CGST A/c ………….…………Dr. 9,000

    SGST A/c ………………….…Dr. 9,000

    To Cash/ Bank/ Creditors A/c ………………….. Cr. 1,18,000

    Example 1: Intra-state (In state)


    Purchased goods Rs. 1,00,000 locally (intra state) CGST @9% and SGST@9%

    Purchase A/c ………………Dr. 1,00,000

    CGST A/c ………….…………Dr. 9,000

    SGST A/c ………………….…Dr. 9,000

    To Cash/ Bank/ Creditors A/c ………………….. Cr. 1,18,000

    Example 1: Intra-state (In state)


    Purchased goods Rs. 1,00,000 locally (intra state) CGST @9% and SGST@9%

    Purchase A/c ………………Dr. 1,00,000

    CGST A/c ………….…………Dr. 9,000

    SGST A/c ………………….…Dr. 9,000

    To Cash/ Bank/ Creditors A/c ………………….. Cr. 1,18,000

    Example 1: Intra-state (In state)


    Purchased goods Rs. 1,00,000 locally (intra state) CGST @9% and SGST@9%

    Purchase A/c ………………Dr. 1,00,000

    CGST A/c ………….…………Dr. 9,000

    SGST A/c ………………….…Dr. 9,000

    To Cash/ Bank/ Creditors A/c ………………….. Cr. 1,18,000


    Example 1: Intra-state (In state)
    Purchased goods Rs. 1,00,000 locally (intra state) CGST @9% and SGST@9%

    Purchase A/c ………………Dr. 1,00,000

    CGST A/c ………….…………Dr. 9,000

    SGST A/c ………………….…Dr. 9,000

    To Cash/ Bank/ Creditors A/c ………………….. Cr. 1,18,000

    Example 1: Intra-state (In state)


    Purchased goods Rs. 1,00,000 locally (intra state) CGST @9% and SGST@9%

    Purchase A/c ………………Dr. 1,00,000

    CGST A/c ………….…………Dr. 9,000

    SGST A/c ………………….…Dr. 9,000

    To Cash/ Bank/ Creditors A/c ………………….. Cr. 1,18,000

    Example 1: Intra-state (In state)


    Purchased goods Rs. 1,00,000 locally (intra state) CGST @9% and SGST@9%

    Purchase A/c ………………Dr. 1,00,000

    CGST A/c ………….…………Dr. 9,000

    SGST A/c ………………….…Dr. 9,000

    To Cash/ Bank/ Creditors A/c ………………….. Cr. 1,18,000

    Example 1: Intra-state (In state)


    Purchased goods Rs. 1,00,000 locally (intra state) CGST @9% and SGST@9%

    Purchase A/c ………………Dr. 1,00,000

    CGST A/c ………….…………Dr. 9,000

    SGST A/c ………………….…Dr. 9,000

    To Cash/ Bank/ Creditors A/c ………………….. Cr. 1,18,000


    Example 1: Intra-state (In state)
    Purchased goods Rs. 1,00,000 locally (intra state) CGST @9% and SGST@9%

    Purchase A/c ………………Dr. 1,00,000

    CGST A/c ………….…………Dr. 9,000

    SGST A/c ………………….…Dr. 9,000

    To Cash/ Bank/ Creditors A/c ………………….. Cr. 1,18,000

    You might also like