Practical Problem 08

Q8. Journalise the following transactions and Prepare ledger accounts in the books of Sanjeev.
2019
June
1	Cash Received from Raju Rs 10,000 for commission. 4 Purchased goods for Rs 9,000 less 10% Cash Discount.
3	Intra-state sale to Rakesh Rs 3,000 and SGST @2.5% and CGST @2.5% applicable..
5	Received full amount from Rakesh.
8	Intra-state purchases from Mangesh Rs 2,000 and SGST @2.5% and CGST @2.5% applicable.
11	Paid the necessary amount to Mangesh.
18	Paid Rent Rs 2,500
24	Paid mobile bill Rs 1,000 out of which Rs 700 for office use and for Rs 300 for personal use.

Solution:-
In the books of sanjeev
Journal Entries
Date	Particulars		L.F	Debit amount	Credit Amount
Date	Particulars		L.F	Debit amount	Credit Amount
2019
Jun-01	Cash A/c Dr			10,000
	To Commission A/c				10,000
	( Being cash received from raju for commission )

3	Rakesh ‘s A/c Dr			3,150
	To Sales A/c				3,000
	To output CGST A/c				75
	To output SGST A/c				75
	(Being Goods sold on credit to Rakesh @ 10% GST )

5	Cash A/c Dr			3,150
	To Rakesh ‘s A/c				3,150
	( Being cash received from Rakesh )

8	Purchases A/c Dr			2,000
	Input CGST A/c Dr			50
	Input sGST A/c Dr			50
	To Mangesh ‘s A/c				2,100
	(Being Infra State Purchases of goods from mangesh @ 5% GST )

11	Mangesh ‘s A/c Dr			2,100
	To Cash A/c				2,100
	( Being amount paid to mangesh )

18	Rent A/c Dr			2,500
	To Cash A/c				2,500
	( Being paid rent )

24	Mobile Charges A/c Dr			700
	Drawings A/c Dr			300
	To Cash A/c				1,000
	( Being paid mobile charges ₹ 700 for office use & ₹ 300 for personal use )

	Total			24,000	24,000

In the books of Sanjeev
Dr Cash A/c Cr
Date	Particulars	J.f	Amount	Date	Particulars	J.f	Amount
2019				2019
Jun-01	To Commission A/c		10,000	Jun-11	By Mangesh’s A/c		2,100
5	To Rakesh’s A/c		3,150	11	By Rent A/c		2,500
				24	By Mobile Charges A/c		700
				24	By Drawings A/c		300
				30	By Balance C/d		7,550
			13,150				13,150
Jul-01	To Balance b/d		7,550


Dr Commission A/c Cr
Date	Particulars	J.f	Amount	Date	Particulars	J.f	Amount
2019				2019
Jun-30	To Balance c/d		10,000	Jun-01	By Cash a/c		10,000
			10,000				10,000
				Jul-01	By Balance b/d		10,000


Dr Rakesh ‘s A/c Cr
Date	Particulars	J.f	Amount	Date	Particulars	J.f	Amount
2019				2019
Jun-03	To Sales A/c		3,000	Jun-05	By Cash A/c		3,150
	To output CGST A/c		75
	To output sGST A/c		75
			3,150				3,150


Dr Output CGST A/c Cr
Date	Particulars	J.f	Amount	Date	Particulars	J.f	Amount
2019				2019
Jun-30	To Balance c/d		75	Jun-03	By Rakesh ‘s A/c		75
			75				75
				Jul-01	By Balance b/d		75

Dr Output SGST A/c Cr
Date	Particulars	J.f	Amount	Date	Particulars	J.f	Amount
2019				2019
Jun-30	To Balance c/d		75	Jun-03	By Rakesh ‘s A/c		75
			75				75
				Jul-01	By Balance b/d		75


Dr Purchases A/c Cr
Date	Particulars	J.f	Amount	Date	Particulars	J.f	Amount
2019				2019
Jun-08	To Mangesh ‘s A/c		2,000	Jun-30	By Balance C/d		2,000
			2,000				2,000
Jul-01	To Balance b/d		2,000


Dr Input CGST A/c Cr
Date	Particulars	J.f	Amount	Date	Particulars	J.f	Amount
2019				2019
Jun-08	To Mangesh ‘s A/c		50	Jun-30	By Balance c/d		50
			50				50
Jul-01	To Balance b/d		50


Dr Input SGST A/c Cr
Date	Particulars	J.f	Amount	Date	Particulars	J.f	Amount
2019				2019
Jun-08	To Mangesh ‘s A/c		50	Jun-30	By Balance c/d		50
			50				50
Jul-01	To Balance b/d		50


Dr Mangesh’s A/c Cr
Date	Particulars	J.f	Amount	Date	Particulars	J.f	Amount
2019				2019
Jun-11	To Cash A/c		2,100	Jun-08	By Purchases A/c		2,000
				8	By Input CGST A/c		50
				8	By INPut SGST A/c		50
			2,100				2,100


Dr Rent A/c Cr
Date	Particulars	J.f	Amount	Date	Particulars	J.f	Amount
2019				2019
Jun-18	To Cash A/c	2,500		Jun-30	By balance c/d		2,500
		2,500					2,500
Jul-01	To Balance b/d	2,500


Dr Mobile Charges Cr
Date	Particulars	J.f	Amount	Date	Particulars	J.f	Amount
2019				2019
Jun-24	To Cash A/c		700	Jun-30	By balance c/d		700
			700				700
Jul-01	To Balance b/d		700


Dr Drawings A/c Cr
Date	Particulars	J.f	Amount	Date	Particulars	J.f	Amount
2019				2019
Jun-24	To Cash A/c		300	Jun-30	By balance c/d		300
			300				300
Jul-01	To Balance b/d		300


Dr Sales A/c Cr
Date	Particulars	J.f	Amount	Date	Particulars	J.f	Amount
2019				2019
Jun-30	To Balance c/d		3,000	Jun-03	By Rakesh ‘s A/c		3,000
			3,000				3,000
				Jul-01	By Balance b/d		3,000

Practical Problem 08

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