Question

Journalise the following transactions and Prepare ledger accounts in the books of Sanjeev:

2019 June

1 Cash Received from Raju ₹ 10,000 for commission.

3 Intra-state sale to Rakesh ₹ 3,000 and SGST @2.5% and CGST @2.5% applicable.

5 Received full amount from Rakesh.

8 Intra-state purchases from Mangesh ₹ 2,000 and SGST @2.5% and CGST @2.5% applicable.

11 Paid the necessary amount to Mangesh.

18 Paid Rent ₹ 2,500

24 Paid mobile bill ₹ 1,000 out of which ₹ 700 for office use and for ₹ 300 for personal use.

Answer 1

Journal of Sanjeev
Date	Particulars		L.F. No.	Debit Amt (₹)	Credit Amt (₹)
2019 June
1	Cash A/c	Dr.		10,000
	To Commission A/c				10,000
	(Being commission received in cash)
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 Intra-state sale made to Rakesh with 2.5% CGST and 2.5% SGST on credit)
5	Cash A/c	Dr.		3,150
	To Rakesh's A/c				3,150
	(Being sales proceeds 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 intra purchases with 2.5% CGST and 2.5% SGST on credit)
11	Mangesh's A/c	Dr.		2,100
	To Cash A/c				2,100
	(Being cash paid to Mangesh and settled his account)
18	Rent A/c	Dr.		2,500
	To Cash A/c				2,500
	(Being rent paid in cash)
24	Mobile bill expenses A/c	Dr.		700
	Drawings A/c	Dr.		300
	To Cash A/c				1,000
	(Being mobile bill expenses of office and personal paid in cash)
	Total			24,000	24,000

In the Ledger of Sanjeev

Dr.	Cash A/c						Cr.
Date	Particulars	J.F. No.	Amt. (₹)	Date	Particulars	J.F. No.	Amt. (₹)
2019 June				2019 June
1	To Commission A/c		10,000	11	By Mangesh's A/c		2,100
5.	To Rakesh's A/c		3,150	18	By Rent A/c		2,500
				24	By Mobile bill expenses A/c		700
				24	By Drawings A/c		300
				30	By Balance c/d		7,550
			13,150				13,150
2019 July 1	To Balance b/d		7,550

 

Dr.	Commission A/c						Cr.
Date	Particulars	J.F. No.	Amt. (₹)	Date	Particulars	J.F. No.	Amt. (₹)
2019 June				2019 June
30	To Balance c/d		10,000	1	By Cash A/c		10,000
			10,000				10,000
				2019 July 1	By Balance b/d		10,000

 

Dr.	Rakesh's A/c						Cr.
Date	Particulars	J.F. No.	Amt. (₹)	Date	Particulars	J.F. No.	Amt. (₹)
2019 June				2019 June
3	To Sales A/c		3,000	5	By Cash A/c		3,150
	To Output CGST A/c		75
	To Output SGST A/c		75
			3,150				3,150

 

Dr.	Sales A/c						Cr.
Date	Particulars	J.F. No.	Amt. (₹)	Date	Particulars	J.F. No.	Amt. (₹)
2019				2019
June 30	To Balance c/d		3,000	June 3	By Rakesh's A/c		3,000
			3,000				3,000
				2019 July 1	By Balance b/d		3,000

 

Dr.	Output CGST A/c						Cr.
Date	Particulars	J.F. No.	Amt. (₹)	Date	Particulars	J.F. No.	Amt. (₹)
2019				2019
June 30	To Balance c/d		75	June 3	By Rakesh's A/c		75
			75				75
				2019 July 1	By Balance b/d		75

 

Dr.	Output SGST A/c						Cr.
Date	Particulars	J.F. No.	Amt. (₹)	Date	Particulars	J.F. No.	Amt. (₹)
2019				2019
June 30	To Balance c/d		75	June 3	By Rakesh's A/c		75
			75				75
				2019 July 1	By Balance b/d		75

 

Dr.	Purchases A/c						Cr.
Date	Particulars	J.F. No.	Amt. (₹)	Date	Particulars	J.F. No.	Amt. (₹)
2019				2019
June 8	To Mangesh's A/c		2,000	June 30	By Balance c/d		2,000
			2,000				2,000
2019 July 1	To Balance b/d		2,000

 

Dr.	Mangesh's A/c						Cr.
Date	Particulars	J.F. No.	Amt. (₹)	Date	Particulars	J.F. No.	Amt. (₹)
2019				2019
June 11	To Cash A/c		2,100	June 8	By Purchases A/c		2,000
					By Input CGST A/c		50
					By Input SGST A/c		50
			2,100				2,100

 

Dr.	Rent A/c						Cr.
Date	Particulars	J.F. No.	Amt. (₹)	Date	Particulars	J.F. No.	Amt. (₹)
2019				2019
June 18	To Cash A/c		2,500	June 30	By Balance c/d		2,500
			2,500				2,500
	To Balance b/d		2,500

 

Dr.	Mobile Bill Expenses A/c						Cr.
Date	Particulars	J.F. No.	Amt. (₹)	Date	Particulars	J.F. No.	Amt. (₹)
2019				2019
June 24	To Cash A/c		700	June 30	By Balance c/d		700
			700				700
2019 July 1	To Balance b/d		700

 

Dr.	Drawings A/c						Cr.
Date	Particulars	J.F. No.	Amt. (₹)	Date	Particulars	J.F. No.	Amt. (₹)
2019				2019
June 24	To Cash A/c		300	June 30	By Balance c/d		300
			300				300
2019 July 1	To Balance b/d		300

 

Dr.	Input CGST A/c						Cr.
Date	Particulars	J.F. No.	Amt. (₹)	Date	Particulars	J.F. No.	Amt. (₹)
2019				2019
June 8	To Mangesh's A/c		50	June 30	By Balance c/d		50
			50				50
2019 July 1	To Balance b/d		50

 

Dr.	Input SGST A/c						Cr.
Date	Particulars	J.F. No.	Amt. (₹)	Date	Particulars	J.F. No.	Amt. (₹)
2019				2019
June 8	To Mangesh's A/c		50	June 30	By Balance c/d		50
			50				50
2019 July 1	To Balance b/d		50