[CBSE] Q 1, Q 2 Accounting for Goods and Services Tax (GST) TS Grewal class 11 (2025-26)
Solutions of Question number 1 and 2 of Accounting for Goods and Services Tax (GST) of TS Grewal class 11 CBSE Board 2025-26
Q. 1. Journalise the following transactions in the books of Gurman of Delhi:
(i) Sold goods to Krishna of Delhi at the list price ₹ 20,000 less trade discount 10% add CGST and SGST @ 9% each., and allowed cash discount 5%. He paid the amount immediately.
(ii) Supplied goods costing ₹ 6,000 to Mohan of Kolkata issued invoice at 10% above cost less 5% trade discount plus IGST @ 18%.
(iii) Goods valued at ₹ 2,500 distributed from stock as samples, as part of an advertising campaign. These goods were purchased paying CGST and SGST @ 9% each.
(iv) Sold gods costing ₹ 1,00,000 to Anil of Delhi at a profit of 20% on sales less 20% Trade Discount plus CGST and SGST @ 9% each.
Solution:-
Q. 2. Journalise the following transactions in the books of Gupta Bros., Lucknow (UP):
| 2024 March 1 | Started business with cash ₹ 30,000; goods of ₹ 15,000 and furniture of ₹ 20,000 | |
| March 2 | Paid into Bank | 20,000 |
| March 3 | Bought goods from Mohan Bros., Lucknow, on credit | 7,000 |
| March 4 | Sold goods to Goyal Bros., Kanpur (UP) on credit | 6,000 |
| March 5 | Bought a computer against cheque | 20,000 |
| March 7 | Received from salesman for goods sold by him | 11,800 |
| March 10 | Goyal Bros. gave cheque; deposited in the bank | 7,080 |
| March 11 | Paid to Mohan Bros. by cheque Discount allowed by him | 6,700 300 |
| March 13 | Received an order for goods along with advance of ₹ 1,000 in cash from Mahesh | 5,000 |
| March 15 | Interest received from bank | 400 |
| March 20 | Bank intimates that the cheque of Goyal Bros. is returned dishonoured | |
| March 22 | Paid rent by cheque | 600 |
Note: CGST and SGST is levied @ 9% each on intra-state (within the state) sale and purchase and IGST is levied @ 18% on inter-state (Outside the state) sale and purchase.
Solution:-
Below is the list of all solutions of chapter 12 Goods and Services Tax (GST) TS Grewal class 11 CBSE
