Journalise: 'Sold goods to Suresh for ₹50,000 within the same state, charging CGST and SGST @ 9% each.'

Exercises · Q4

Q. Journalise: 'Sold goods to Suresh for ₹50,000 within the same state, charging CGST and SGST @ 9% each.'

Puducherry TnboardTextbookSubjectiveImportance★★★★★est

13% · 4/31 Questions

You're viewing a preview — the full solution, concept, methods & PYQ mapping are locked.

Step 1 — Compute GST. CGST @ 9% of ₹50,000 = ₹4,500. SGST @ 9% of ₹50,000 = ₹4,500. Total GST = ₹9,000.

Step 2 — Compute total invoice value. ₹50,000 (goods) + ₹9,000 (GST) = ₹59,000, the amount actually owed by Suresh.

Step 3 — Journalise. Since the sale is on credit (no mention of immediate cash), Suresh becomes a debtor for the full invoice amount:

Particulars	Debit (₹)	Credit (₹)
Suresh A/c …Dr.	59,000
To Sales A/c		50,000
To Output CGST A/c		4,500
To Output SGST A/c		4,500
(Being goods sold to Suresh within the state, charging CGST and SGST @ 9% each)

Q.Journalise: 'Sold goods to Suresh for ₹50,000 within the same state, charging CGST and SGST @ 9% each.'