Subject : ACCOUNTANCY Assignment No : 3

Topic JOURNAL WITH GST CLASS : XI

Name : _______________________ Sec : ____ Roll No: _____Date : _________

SOLVE THE FOLLOWING QUESTIONS

1. Goods withdrawn by the proprietor for personal use Rs.5000. The goods were purchased paying
IGST @ 18%. In the journal entry IGST A/c will be – – – – with Rs. ____.
2. Bought computer for Rs.10,000 plus CGST and SGST @ 6% each against cheque. – – – – A/c will
be credited with Rs. – – – –.
3.Mukesh sold 100 tables to Suresh at the rate of Rs.5000 each less 25% trade discount plus IGST at
the rate of 12% and 2% cash discount if Suresh paid the amount in 14 days of sale. Suresh paid the
amount within 14 days. Sales A/c will be credited with Rs. – – – –.
4. Raghav, a customer, to whom goods were sold, was allowed rebate of Rs.2000 because they were
of poor quality. These goods were sold charging CGST and SGST @ 9% each. Raghav A/c will be
credited with Rs. – – – –.
5. Record necessary Journal entries assuming CGST @ 5% and SGST @ 5% and all transactions
are occurred within Delhi.
i. Shobit bought goods Rs. 1, 00,000 on credit
ii. He sold them for Rs. 1, 35,000 in the same state on credit
iii. He paid for Railway transport Rs. 8,000
iv. He bought computer printer for Rs. 10,000
v. Paid postal charges Rs. 2000
vi. Bought goods from Nanak Bros. for Rs. 4, 00,000 at 10% trade discount and 3% cash discount on
purchase price. 25% of the amount paid at the time of purchase.
vii. Sold goods to Kumar & Sons. for Rs.2,00,000 at 20% trade discount and 5% cash discount on
sale price. 60% of the amount received by Cheque
viii. Received from Gopi Chand Rs.38, 000 by Cheque after deducting 5% cash discount.
ix Paid Rs.50,000 for salaries by Cheque.
x Goods worth Rs.10,000 distributed as free samples.
xi. Rs.5,000 due from Chanderkant are bad-debts.
xii Sold household furniture for Rs.15,000 and the proceeds were invested into business.

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