Pass Journal entries of M/s. Bhanu Traders, Delhi from the following transactions. Post them to the Ledger:
| 2018 April 1 |
Commenced business with Cash* |
1,50,000 |
| April 2 |
Opened a bank account with PNB* |
50,000 |
| April 3 |
Purchased furnitures |
20,000 |
| April 7 |
Bought goods for cash from M/s. Rupa Traders Delhi |
30,000 |
| April 8 |
Purchased goods from M/s. Hema Traders, Chandlgarh |
42,000 |
| April 10 |
Cash sales |
30,000 |
| April 14 |
Sold goods on Credit to M/s. Gupta Traders, Kolkata |
12,000 |
| April 16 |
Rent paid |
4,000 |
| April 18 |
Paid Electricity expenses* |
1,000 |
| April 20 |
Received cash from Gupta Traders* |
12,000 |
| April 22 |
Goods returned to Hema Traders |
2,000 |
| April 23 |
Cash paid to Hema Traders* |
40,000 |
| April 25 |
Bought postage stamps* |
100 |
| April 30 |
Paid salary to Mohan* |
|
Intra-state transactions are subject to levy of CGST and SGST @ 6% each whereas inter-state transactions are subject to levy of IGST @ 12%. Out of the above transactions marked (*) are not subject to levy of GST.
