In the books of Harbhajan & Co. |
Journal Entries |
Date | Particular | L.F | Debit | Credit |
2019 | | | | |
Apr-01 | Cash in Hand A/c ………………………………………………………………….Dr | | 35,000 | |
| Cash at Bank A/c ………………………………………………………………….Dr | | 25,000 | |
| Furniture A/c ……………………………………………………………………….Dr | | 1,50,000 | |
| Laptop A/c …………………………………………………………………………..Dr | | 1,00,000 | |
| Sangita A/c …………………………………………………………………………..Dr | | 40,000 | |
| Viru A/c ………………………………………………………………………………Dr | | 30,000 | |
| To Ganesh A/c | | | 10,000 |
| To Garima A/c | | | 40,000 |
| To Bank Loan A/c | | | 50,000 |
| To Capital A/c | | | 2,80,000 |
| (Being balance of asset and Liabilities carried forward) | | | |
1 | Purchase A/c ………………………………………………………………………..Dr | | 2,25,000 | |
| Input CGST A/c …………………………………………………………………….Dr | | 20,250 | |
| Input SGST A/c …………………………………………………………………….Dr | | 20,250 | |
| To Cash A/c | | | 66,375 |
| To Ajay Kumar A/c | | | 1,99,125 |
| (Being goods purchased from ajay kumar at 18% GST & 1/4th | | | |
| amount paid by Cash) | | | |
5 | Investment A/c ………………………………………………………………….Dr | | 50,500 | |
| To Bank A/c | | | 50,500 |
| (Being Shares of Infosysis purchased and Brokerage Paid) | | | |
8 | Raj A/c ………………………………………………………………………………..Dr | | 54,000 | |
| Cash A/c ……………………………………………………………………………..Dr | | 25,650 | |
| Discount Allowed A/c …………………………………………………………Dr | | 1,350 | |
| To Sales A/c | | | 81,000 |
| (Being goods sold to Raj at 10% T.D and 5% C.D and 1/3rd | | | |
| Amount received by cash) | | | |
12 | Drawing A/c ………………………………………………………………………Dr | | 9,000 | |
| Rent A/c …………………………………………………………………………….Dr | | 5,000 | |
| To Cash A/c | | | 14,000 |
| (Being Office rent and Property’s house rent paid) | | | |
15 | Laptop A/c …………………………………………………………………………..Dr | | 60,000 | |
| Input CGST A/c ……………………………………………………………………Dr | | 5,400 | |
| Input SGST A/c …………………………………………………………………….Dr | | 5,400 | |
| To Bank A/c | | | 70,800 |
| (Being Laptop Purchased by Cheque at 18% GST) | | | |
20 | Laptop A/c …………………………………………………………………………..Dr | | 1,000 | |
| Input CGST A/c ……………………………………………………………………Dr | | 90 | |
| Input SGST A/c …………………………………………………………………….Dr | | 90 | |
| To Cash A/c | | | 1,180 |
| (Being Transport charges paid for laptop at 18% GST) | | | |
25 | Commission A/c ………………………………………………………………….Dr | | 20,000 | |
| To Cash A/c | | | 20,000 |
| (Being Commision paid to Ram) | | | |
26 | Telephone Charges A/c ………………………………………………………..Dr | | 1,000 | |
| To Cash A/c | | | 1,000 |
| (Being Telephone Charges paid) | | | |
28 | Bank A/c ……………………………………………………………………………..Dr | | 40,000 | |
| To Capital A/c | | | 40,000 |
| (Being Capital Introduce by Proprietor ) | | | |
30 | Purchase A/c ………………………………………………………………………..Dr | | 1,50,000 | |
| Input CGST A/c ……………………………………………………………………Dr | | 9,000 | |
| Input SGST A/c …………………………………………………………………….Dr | | 9,000 | |
| To Bank A/c | | | 1,68,000 |
| (Being goods purchased by Cheque at 12% GST) | | | |
30 | Motor Car A/c ……………………………………………………………………Dr | | 30,000 | |
| To Furniture A/c | | | 30,000 |
| (Being Our furniture exchanged against Motor car for business) | | | |
| | | 11,21,980 | 11,21,980 |