Assignment questions based upon inventory purchase and sale

  1. Purchased from Prakash Show room on credit.
    1. 50 nos, Wrist watch of Titan @ 1800/nos
    2. 20 nos, Juicer mixer(JM900) of LG @ 9000/nos
  2. Sale to Bhawana on credit.
    1. 10 nos, wrist watch of titan @ 2300/nos
    2. 5 nos, Juicer mixer(JM900) of LG @ 12000/nos
  3. Purchased these items on cash
    1. 22 nos DTH of Tata sky @ 900/nos
    2. 10 nos Iron of Philips @ 780/nos
    3. 80 nos TV of videocon @ 45000/nos
    4. 12 nos Cooler of LG @ 39000/nos

Question 2

  1. Ravi started business with cash             -Rs2500000
  2. Purchased furniture for office use          -Rs5000
  3. Open bank account in HDFC bank with cash    -Rs10000
  4. Purchased machine for office use in cash    -Rs9000
  5. Paid rent in advance                        -Rs4500
  6. Purchased from Harish Electronics on credit
    1. 20 No. Iron (M1200) of Phillips @ Rs900
    2. 15 No. Juicer Mixer (K1910) of LG @ Rs2000
  7. Purchased from Ghanshyam Electronics On credit
    1. 40 No. TV(32inch P9800) of Samsung @ Rs15000
    2. 25 No. Fridge(2000LTR R880) of Whirlpool @ Rs21000
  8. Purchase 16 No of Wrist Watch (T3120) of Titan @ Rs1200
  9. and paid to Ghanshyam Electronics Rs400000 in cash
  10. Paid taxi fare in cash                       -Rs500
  11. Withdraw cash for personal use               -Rs2000
  12. Sold these below items to Rajat Sharma on credit
    1.  4 No. Wrist Watch (T3120) @ Rs1500
    2. 1 No. Iron (M1200) @ Rs1100
  13. paid carriage expense                         -Rs150
  14. Purchase For cash
    1. 22 No.TV(16inch u88) of LG @ Rs6000
    2. 40 No. DTH of Tata Sky @ Rs800

Question 3

Our Firm name  :  Mohak Mobile Enterprises

Firm Address      :  Opp. RCM MALL, Distt ALMORA UK 263601

GSTIN                   :     08BTVAP565T1Z8

Mobile No           :    9557167340

Email Id                :   mohak@gmail.com

Purchased goods in cash.

Invoice Number : 5678

Party name         : Cash (Dheeraj Enterprises)

Party Address    : Vikash nagar almora, UK, 263601
GSTIN                  : 09KLMBC1010R1Z9

Item Name

 

HSN  Code

Qty

 

Rate/Unit

GST Rate

 

Samsung J7 Mobile

Samsung A9 pro

Oppo Reno 2F

Earphone Maxx

 

2391

2356

1212

2610

10 Pcs.

10 Pcs.

10 Pcs.

30 Pcs.

8390

12680

12999

530

18%

18%

18%

18%

 

               

These rates are excluded with tax and Courier Charges Rs 500 are extra.

Sold goods are receiving cash.

Invoice Number  : Apr21_001

Party Name          : Cash (Naresh Agarwal),

Party Address      : Near vikash bhawan

GSTIN                    : 09CMCPA6640J1Z3

Item Name

HSN Code

Qty

Rate/unit

Discount

GST Rate

Samsung A9 Pro

Earphone Maxx

2356

2610

 

1 Pcs

1Pcs

 

21620

999

1%

-

18%

18%

 

These rates are included with tax & generate this sales invoice with round off method.

Sold goods by receiving amount in State Bank of India account via Phonepe.

Invoice number  : Apr21_002

Party Name         : SBI A/c (Ramesh Chand Sharma)

Party Address    : Near mall road nainital

Item Name

HSN Code

Qty

Rate/Unit

Discount

GST Rate

Oppo Reno 2F

Earphone Maxx

1212

2610

1Pcs

1Pcs

20999

999

2.5%

1%

18%

18%

These rates are included with tax and generate this sales invoice with round off Method

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