[ISC] Q 4 Solution Accounting of Goods and Services Tax (GST) TS Grewal (2023-24)

Share your love

Solution of Question number 4 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 Mohan, Delhi:

(i) Raj of Alwar, Rajasthan who owed Mohan ₹ 25,000 became insolvent and received 60 paise in a rupee as ful and final settlement.

(ii) Mohan owes to his landlord ₹ 10,000 and rent. GST payable @ 6% each.

(iii) Charge depreciation of 10% on furniture costing ₹ 50,000.

(iv) Salaries due to employees ₹ 20,000.

(v) Sold to Sunil goods in cash of ₹ 10,000 less 10% trade discount plus CGST and SGST @ 6% each and received a net of ₹ 8,500 plus CGST and SGST.

(vi) Provided interest on capital of ₹ 1,00,000 @ 10% per annum.

(vii) Goods lost in theft ₹ 5,000, which were purchased paying IGST @ 12% from Alwar, Rajasthan.

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
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: 7052

Leave a Reply

Your email address will not be published.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

x