Pass entries in the books of Ganguli & Sons. assuming all transactions have been entered in the state of West Bengal:
Pass entries in the books of Ganguli & Sons. assuming all transactions have been entered in the state of West Bengal:
Assume CGST @ 6% and SGST @ 6%.
[Ans. Total ₹ 4,89,080; Input CGST and Input SGST ₹ 15,240 each. Output CGST and Output ₹ 9,900 each. Input Tax Credit: CGST ₹ 5,340 and SGST ₹ 5,340.]
| (i) | Purchased goods for ₹ 2,00,000 and payment made by cheque. |
| (ii) | Sold goods for ₹ 1,60,000 to Devki Nandan & Sons. |
| (iii) | Purchased goods for ₹ 50,000 on credit. |
| (iv) | Paid for printing and stationery ₹ 4,000. |
| (v) | Received for commission ₹ 5,000. |
| (vi) | Output GST adjusted against Input GST. |
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