With Goods and Services Tax (GST) 3. Prepare Simple Cash Book of Sri Gopal of Am

Question

With Goods and Services Tax (GST) 3. Prepare Simple Cash Book of Sri Gopal of Amritsa 2018 r from the following tra April 1 Sri Gopal commenced business introducing cash 60,000 and R 1,50,000 by taking April 4 Purchased following assets for business: Computer 16,000: Furmiture 18,500 and a loan from the Allahabad Bank Machinery 32.000 plus CGST and SGST @ 6% each, paid by cheque. April 6! Purchased goods of 40.000 plus CGST and SGST @ 6% each from Bhushan, Amritsar. half of the value paid in cash April 8 Paid wages for installation of Machinery April 12, computer repair charges? 1.900 paid along with CGST and SGST@6% each April 15 Paid wage.. 15 Purchased Postage Stams. Paid for stationery of 2,700 along with CGST and SGST @ 6% each April 19 Sold for cash halfthe goods purchased from Bhushan to Anil Krishna at a profit of 25% and allowed him Trade Discount of 5%. Charged CGST and SGST @ 6% each April 24 Payment to carpenter for repairs to private property Aprill 26 Paid for medical expenses of Smt. Gopal April 30| Paid for shop rent? 2,000 along with CGST and SGST @ 6% each Cash Balance-f 35,508.

Explanation / Answer

Cash Book

Date Particulars Cash Date Particulars Cash Apr.1 Capital 60,000 Apr.4 Computer Apr.1 Bank loan Apr.4 Furniture Apr.19 Sales 23,750 Apr.4 Machinery Apr.19 Output CGST 1,425 Apr.4 Input CGST Apr. 19 Output SGST 1,425 Apr.4 Input SGST Apr.6 Purchases 20,000 Apr.6 Input CGST 1,200 Apr.6 Input SGST 1,200 Apr.8 Machine 4,000 Apr.12 Repair 1,900 Apr.12 Input CGST 114 Apr.12 Input SGST 114 Apr.15 Wages 15,000 Apr.15 Postage 150 Apr.15 Stationery 2,700 Apr.15 Input CGST 162 Apr.15 Input SGST 162 Apr.24 Drawing 350 Apr.26 Drawing 1,800 Apr.30 Rent 2,000 Apr.30 Input CGST 120 Apr.30 Input SGST 120 Apr.30 Balance c/d 35,508 86,600 86,600 May 1 Balance b/d 35,508

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