REVISIONARY EXERCISE - 2
| Purchase Order, Invoice, GST: |
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Opening Balances : Capital Rs.1,50000 Cash Rs.50,000 Bank Rs.1,00,000 1-5-2008 Purchased 300 Khaitan Fans from Fans Co., Bangalore at Rs.1,500 each GST @ 18%. 2-6-2008 Sales Order: Received for 200 Khaitan Fans at Rs.1,800 each from Vasanth & Co. 30 days due. 1-7-2008 Sales Invoice: Sales made to Vasanth & Co. 190 Khaitan Fans GST @ 18%. 2-7-2008 Sales made against SBI, Adambakkam cheque No.456874; 80 fans at Rs.1,800; GST 18%. QUESTIONS: 1. What is the Stock in Hand as on 31.7.2008 2. What is the Bank balance as on 31.7.2008 3. Find out the Sales Order pending, if any. 4. Find out the GST payable. |