Scribd
Upload
19 views4 pages

BCom Computerized Accounting Assignment

The document outlines journal entries for both intra-state and inter-state transactions under GST at 18%. It includes detailed entries for purchases, sales, payments for services, and goods withdrawn or destroyed, specifying the accounts affected and the respective amounts. Each entry is categorized with a voucher type for clarity in accounting practices.

Uploaded by

ishika.3011ir
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
19 views4 pages

BCom Computerized Accounting Assignment

The document outlines journal entries for both intra-state and inter-state transactions under GST at 18%. It includes detailed entries for purchases, sales, payments for services, and goods withdrawn or destroyed, specifying the accounts affected and the respective amounts. Each entry is categorized with a voucher type for clarity in accounting practices.

Uploaded by

ishika.3011ir
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

B.

Com II Semester - Computerized Accounting Assignment

--------------------------------------------------------

Journal Entries for Intra-State Transactions (GST @18%)

1) Purchase from Z (same state) for Rs.8,000 + GST 18%

Purchase A/c Dr. Rs.8,000

Input CGST A/c Dr. Rs.720

Input SGST A/c Dr. Rs.720

To Z's A/c Rs.9,440

[Purchase Voucher]

2) Sale to Y (same state) Rs.25,000 + GST

Y's A/c Dr. Rs.29,500

To Sales A/c Rs.25,000

To Output CGST A/c Rs.2,250

To Output SGST A/c Rs.2,250

[Sales Voucher]

3) Paid consultation fees to CA Rs.5,000

Consultation Fees A/c Dr. Rs.5,000

Input CGST A/c Dr. Rs.450

Input SGST A/c Dr. Rs.450

To Cash/Bank A/c Rs.5,900

[Payment Voucher]

4) Purchased Furniture Rs.3,000


Furniture A/c Dr. Rs.3,000

Input CGST A/c Dr. Rs.270

Input SGST A/c Dr. Rs.270

To Cash/Bank A/c Rs.3,540

[Payment Voucher]

5) Paid for Printing & Stationery Rs.10,000

Printing & Stationery A/c Dr. Rs.10,000

Input CGST A/c Dr. Rs.900

Input SGST A/c Dr. Rs.900

To Cash/Bank A/c Rs.11,800

[Payment Voucher]

6) Goods withdrawn by proprietor for personal use Rs.40,000

Drawings A/c Dr. Rs.40,000

Output CGST A/c Dr. Rs.3,600

Output SGST A/c Dr. Rs.3,600

To Purchase A/c Rs.47,200

[Journal Voucher]

7) Goods destroyed by fire Rs.30,000

Loss by Fire A/c Dr. Rs.30,000

To Purchase A/c Rs.30,000

[Journal Voucher]
Journal Entries for Inter-State Transactions (GST @18%)

--------------------------------------------------------

1) Purchase from Satya & Co., Mumbai Rs.12,00,000

Purchase A/c Dr. Rs.12,00,000

Input IGST A/c Dr. Rs.2,16,000

To Satya & Co. A/c Rs.14,16,000

[Purchase Voucher]

2) Purchase from Gaurav Store, Chhattisgarh Rs.10,00,000

Purchase A/c Dr. Rs.10,00,000

Input IGST A/c Dr. Rs.1,80,000

To Gaurav Store A/c Rs.11,80,000

[Purchase Voucher]

3) Sale to Ishika, Ranchi: Goods cost Rs.1,60,000; sold @25% profit less 10% TD

Selling Price = Rs.1,80,000, GST = Rs.18,000

Ishika's A/c Dr. Rs.1,98,000

To Sales A/c Rs.1,80,000

To Output IGST A/c Rs.18,000

[Sales Voucher]

4) Goods returned by Nupur Store Rs.16,000

Purchase Return A/c Dr. Rs.16,000

To Nupur Store A/c Rs.16,000

[Debit Note]
5) Paid for Printing & Stationery Rs.10,000

Printing & Stationery A/c Dr. Rs.10,000

Input IGST A/c Dr. Rs.1,800

To Cash/Bank A/c Rs.11,800

[Payment Voucher]

6) Paid CA Consultation Fees Rs.5,000

Consultation Fees A/c Dr. Rs.5,000

Input IGST A/c Dr. Rs.900

To Cash/Bank A/c Rs.5,900

[Payment Voucher]

7) Purchased Furniture Rs.3,000

Furniture A/c Dr. Rs.3,000

Input IGST A/c Dr. Rs.540

To Cash/Bank A/c Rs.3,540

[Payment Voucher]

You might also like