Pass Journal entries in the books of Puneet, Delhi for the following:
(i) Received an order from Karan & Co. for supply of goods of Rs. 50,000.
(ii) Received an order from AK & Co. for goods of Rs. 1,00,000 along with a cheque for Rs. 25,000 as advance.
(iii) Paid to staff Rs. 40,000 against outstanding salary of Rs. 60,000.
(iv) Sold goods to Bharat, Kaithal (Haryana) of Rs. 10,000 plus IGST @ 12% out of which 1/5th were returned being defective.
(v) Cheque of Rs. 20,000 issued by Feroz was dishonoured.
(vi) Received 40 paise in a rupee from Feroz against the above dues.
(vii) Received a cheque of Rs. 25,000 from Mohan after banking hours.
(viii) Purchased goods from Barun of Chandigarh of Rs. 10,000 plus IGST @ 12% and sold them to Arun of Shimla (HP) at Rs. 22,400, including IGST @ 12%.
(ix) Arun returned goods of Rs. 6,720, including IGST which were returned to Barun.
(x) ABC & Co. purchased 10 TV sets @ 20,000 per set and paid IGST @ 12%. It sold all the sets @ 25,000 per set plus CGST and SGST @ 6% each.
(xi) Paid insurance of Rs. 12,000 plus CGST and SGST @ 6% each for a ** of one year.
(xii) Sold personal car for Rs. 1,00,000 and invested the amount in the firm.
(xiii) Goods costing Rs. 1,00,000 were destroyed in ****. Insurance company admitted the claim for Rs. 75,000. These goods were purchased within Delhi.
(xiv) Purchased machinery for Rs. 56,000 including IGST of Rs. 6,000 and paid cartage thereon Rs. 5,000 and installation charges Rs.10,000.
(xv) Goods costing Rs. 40,000 sold to Mr. X at a profit of 20% on sales less 10% Trade Discount plus CGST and SGST @ 6% each and received a cheque under 2% cash discount.
(xvi) Purchased machinery from New Machinery House for Rs. 50,000 and paid it by means of a bank draft purchased from bank. Paid charges Rs. 500.
