[ISC] Q 2 Solution Accounting of Goods and Services Tax (GST) TS Grewal (2023-24)

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Solution of Question number 2 of Accounting of Goods and Services Tax (GST) of TS Grewal class 11 ISC Board 2023-24 Session?

Journalise the following transactions in the books of Gupta Bros., Lucknow (UP):

2022
March 1
Started business with cash ₹ 30,000; goods of ₹ 15,000 and furniture of ₹ 20,00020,000
March 2Paid into bank7,000
March 3Bought goods from Mohan Bros., Lucknow on credit6,000
March 4Sold goods to Goyal Bros., Kanpur (UP) on credit20,000
March 5Bought a computer against cheque11,800
March 7Received from Salesman for goods sold by him7,080
March 10Goyal Bros., gave cheque; deposited in the bank6,700
March 11Paid to Mohan Bros. by cheque
Discount allowed by him
300
March 13Received an order for goods along with advance of ₹ 1,000 in cash from Mahesh5,000
March 15Interest received from bank400
March 20Bank intimates that the cheque of Goyal Bros. is returned dishonoured
March 22Paid rent by cheque600

Solution:-

Below is the list of all solutions of this chapter

S.NSolutions
1Question – 1
2Question – 2
3Question – 3
4Question – 4
5Question – 5
6Question – 6
7Question – 7
8Question – 8
9Question – 9
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Anurag Pathak

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