[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):

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
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


Below is the list of all solutions of this chapter

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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