[ISC] Q 1 Solution Accounting of Goods and Services Tax (GST) TS Grewal (2022-23)

Share your love

Are you looking for the solution of Question number 1 of Accounting of Goods and Services Tax (GST) of TS Grewal class 11 ISC Board 2022-23 Session?

Journalise the following transactions in the books of Rajan of Delhi:

(i) Sold goods to Krishna of Delhi at the list price ₹ 20,000 less trade discount of 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 goods 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:-

Share your love
Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his Youtube channel for free lectures

Articles: 7157

Leave a Reply

Your email address will not be published. Required fields are marked *

x