Basic Accounting Entries in Busy | Question Papers | Case Study

Basic Accounting Entries in Busy | Question Papers| Case study

M/s Home Ways House Holds

Shop No. 75, Sarojini Nagar, Market, New Delhi-110023

GSTIN: 07AAHPK9998EZ3

1) Purchase

Local Purchase

(i) On 1st may 2020, Invoice No. 01, M/s Home Ways House Holds purchased 8 pcs of Usha Ceiling Fans of Rupees. 1500/- each (Exclusive GST@18%) and 8 pcs of United 5 Ltr Pressure Cookers of Rupees. 1800/- each (Exclusive GST@12%) from M/s Ram Home Appliances. (State- Delhi GST No-07AAACB1534F4Z5)

Inter State

(ii) On 1st may 2020, Invoice No. 02, M/s Home Ways House Holds purchased 7 pcs of Usha Ceiling Fans Rupees. 1500/- each (Inclusive GST@18%) and 7 pcs of 5 Ltr United Pressure Cookers of Rupees. 1800/- each (Inclusive GST@12%) from M/s Vinod Home Appliances (State Uttar Pradesh GSTIN-09AAACB1534F1Z4)

2) Sales

Local Sales

(i) On 2ND MAY 2020, Invoice No.1, M/s Home Ways House Holds sold to M/s Lal Home Appliances. (state- Delhi GST No-07AAFFA5474R1ZU) 5 pcs of United 5 Ltr Pressure Cookers of Rupees. 1900/- each (Inclusive GST@12%) and 5 pcs of Usha Ceiling Fans of Rupees 1700/- each (Inclusive GST@18%)

Inter State

(ii) On 3rd May 2020, Invoice No. 02, M/s Home Ways House Holds sold to M/s M.R Home Appliances (State Haryana GST No- 06ABIFM0409N1Z0), 4 pcs of United 5 Ltr

Pressure Cookers of Rupees. 1900/- each (Exclusive GST@12) and 4 pcs of Usha Ceiling Fans of Rupees 1700/- each (Exclusive GST@18%).

3) Purchase Return

(i) On 2nd May,2020, Against Invoice No.01, M/s Home Ways House Holds Return  2 pcs of Usha Ceiling Fans and 2 pcs of 5 Ltr United Pressure Cookers to M/s Ram Home Appliances.

4) Sale Return

(i) On 3rd May, 2020, Against Invoice No.1, M/s Lal Home Appliances  Return 1 pcs of Usha Ceiling Fan and 1 pcs of United 5 Ltr Pressure Cooker to M/s Home Ways House Holds.

5) Payment                                                             

(i) On 11th May, 2020 M/s Home Ways House Holds Paid Rupees 26400/- to M/s Ram Home Appliances.

6) Receipt

(i) On 10th May, 2020 M/s Home Ways House Holds received amount Rs. 10400 from M/s Lal Home Appliances.

7) Contra

(i) On 1st May, 2020, M/s Home Ways House Holds deposit cash into HDFC Bank Account of Rupees 50000/- .

8) Journal

(i) On 15th May, 2020 M/s Home Ways House Holds paid Rupees 15000/- for Electricity Expenses.


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