ALL IN ONE PRACTICAL ACCOUNTANCY COURSE

LEVEL-2 TRANSACTION WITH GST

CLASS#4
POINTS TO BE REMEMBERED
BEFORE RECORDING FINANCIAL
TRANSACTION OF A BUSINESS
Email id – [email protected], mobile number for WhatsApp only - 7252033025
 PURCHASE TRANSACTION
✓ BUYER GST NUMBER

✓ VERIFY THE GST NUMBER OF SELLER

✓ INVOICE NUMBER & DATE

✓ INVOICE TOTALING (TAXABLE VALUE & TAX)

✓ TYPE OF SUPPLY – INTERSTATE OR INTRASTATE

✓ HSN/SAC CODE OF GOODS /SERVICES

✓ NATURE OF TRANSACTION – PURCHASE EXPENSES OR BUSINESS EXPENSES

✓ TRY TO UNDERSTAND WHETHER IT’S ITEM INVOICE OR ACCOUNTING INVOICE FOR ME

✓ COPY OF E WAY BILL ATTACHED OR NOT

✓ CROSS VERIFICATION BETWEEN THE VALUE MENTIONED IN EWAY BILL & INVOICE
 SALE TRANSACTION
✓ VERIFICATION OF BUYER GST NUMBER

✓ MUST CHECK YOUR INVOICE NUMBER & DATE

✓ INVOICE TOTALING (TAXABLE VALUE & TAX)

✓ TAX INVOICE SHOULD BE PROPERERLY STAMPED OR SIGNED BY AUTHORIZED SIGNATORY

✓ TYPE OF SUPPLY – INTERSTATE OR INTRASTATE

✓ HSN/SAC CODE OF GOODS/SERVICES

✓ CHECK YOUR COMPANY REGISTRATION DETAILS

✓ CHECK YOUR BANK DETAILS ON INVOICE

✓ COPY OF E WAY BILL ATTACHED OR NOT

✓ CROSS VERIFICATION BETWEEN THE VALUE MENTIONED IN EWAY BILL & INVOICE
 ALL IN ONE PRACTICAL ACCOUNTANCY COURSE

LEVEL-2 TRANSACTION WITH GST

CLASS#5
TRANSACTION RECORDING
WITH GST
Email id – [email protected], mobile number for WhatsApp only - 7252033025
 ASSIGNMENT – 1ST
Date Particulars
01.04.2022 Gaurav start a company in the name of Gaurav Traders (GSTIN No. 09BRTPS1884F2Z2), Capital Introduced by Gaurav through cash Rs.
500000 & through Cheque Rs. 500000.
02.04.2022 Opened a bank account in SBI by depositing cash Rs. 200000. (Account No. 72571011000777)
03.04.2022 Purchased stationery in cash Rs. 1000 (Inclusive of taxes@18%) (Invoice no. -02) from sita stationery, Agra (GSTIN – 09ABCDE1234A1B1)

05.04.2022 Purchased following Furniture from Raj furniture (09CYMPS9401F2Z2) house on Credit.

Office table Rs 6000

Office Chair Rs 1200

Waiting Chair Rs. 7000

Taxes (18% extra) (Invoice no. 54) (Total Value= 16756)

08.04.2022 Purchased a computer in cash Rs. 22500 (Inclusive of Taxes 28%) from sehgal computer (GSTIN no. 09CYMPG9454F2Z2) (Invoice no. 62)

10.04.2022 Purchased following assets from mobile home (GSTIN- 09CYMGR8282F2Z2) by issuing a cheque no. 01, invoice number- 23

Mobile Phone Rs. 5000

Ac of Rs. 24000

(Inclusive of taxes- 18%)

 Date Particulars
15.04.2021 Hired an office space for Rs. 3000 per month & paid Rs. 6000 by cheque no. 02 as security
deposit.
16.04.2021 Subscribed for a post paid mobile phone from reliance telecom by paying cash of Rs. 1500 as
security.
18.04.2021 Businessman issue an employment advertisement on amarujala newspaper by paying cheque
No.03 of Rs. 2500 (inclusive of 18% GST) to Sagar advertisement
(GSTIN – 09BRTTS9400P2S1)
invoice no. 23
19.04.2021 Appointed two employee for following post
Aman Kumar (Manager)- 9000
Pramod Kumar (Accountant)-6500
20.4.2021 Purchased a stationery worth of Rs. 2500(inclusive of 18%) from sohan paper house
(07BRTGS7878F1Z2) on credit
Invoice no. 98
 ALL IN ONE PRACTICAL ACCOUNTANCY COURSE

LEVEL-2 TRANSACTION WITH GST

CLASS#6
TRANSACTION RECORDING
WITH GST-2
Email id – [email protected], mobile number for WhatsApp only - 7252033025
 Purchase Transactions-1
Date Particulars
05.04.2022 Goods Purchased from Bajaj Electronic (GSTIN- 05AAJLB5383G2Z2), Haridwar against invoice no. 0054

Model No. Group Quantity Rate Amount Taxes Total Amount

LH-185 (REF.) LG 5 10000 50000 12% 56000
LH-195 (REF.) LG 5 10500 52500 12% 58800
LH-22” (LED) LG 5 8500 42500 18% 50150
SH-185 (REF.) SAMSUNG 2 10000 20000 12% 22400
SH-195 (REF) SAMSUNG 2 10500 21000 12% 23520
SH-22” (LED) SAMSUNG 2 8250 16500 18% 19470
Total 202500 27840 230340
 Purchase Transactions-2
Date Particulars
20-04-2022 Goods Purchased from Arora Electronics
(09CYLMP9300E1L2), AGRA against invoice no. 0101
Model No. Group Quantity Rate Amount Taxes Total Amount
IH-185 (REF.) INTEX 3 10000 30000 12% 33600
IH-195 (REF.) INTEX 3 10500 31500 12% 35280
IH-22” (LED) INTEX 2 6500 13000 18% 15340
PH-185 (REF.) PANASONIC 2 10000 20000 12% 22400
PH-195 (REF) PANASONIC 2 10500 21000 12% 23520
PH-22” (LED) PANASONIC 2 7500 15000 18% 17700
Total 130500 17340 147840
 ALL IN ONE PRACTICAL ACCOUNTANCY COURSE

LEVEL-2 TRANSACTION WITH GST

CLASS#7
TRADING UNIT
ACCOUNTING - 3
Email id – [email protected], mobile number for WhatsApp only - 7252033025
 01-05-2022 Goods Purchase From Agarwal & Co. (09BRRTT9400A1A2),
Aligarh against invoice no. 145
Model No. Group QTY Rate Amount Taxes Total
Amount
SO-185 (REF.) SONY 2 10000 20000 12% 22400
SO-195 (REF.) SONY 2 10500 21000 12% 23520
SO-22” (LED) SONY 2 12500 25000 18% 29500
VH-185 (REF.) VIDEOCON 1 10000 10000 12% 11200
VH-195 (REF) VIDEOCON 1 10500 10500 12% 11760
VH-22” (LED) VIDEOCON 1 6500 6500 18% 7670
93000 13050 106050
 15-05-22 Goods Purchase from Mahinder & Co. (09BBCCD7474D1D2), Agra against
invoice no. 202
Model No. Group QTY Rate Amount Taxes Total
Amount
OH-AUD1 (Audio) ONIDA 2 2500 5000 05% 5250

OH-DC1 ONIDA 2 5000 10000 05% 10500

(CAMERA)
OH-M12 (JUICER) ONIDA 2 1500 3000 05% 3150

OH-O1(OVEN) ONIDA 1 5000 5000 12% 5600

OH-M13 (JUICER) ONIDA 1 2000 2000 05% 2100

OH-AUD2 ONIDA 2 3200 6400 05% 6720

(Audio)
Grand Total 31400 1920 33320
 ALL IN ONE PRACTICAL ACCOUNTANCY COURSE

LEVEL-2 TRANSACTION WITH GST

CLASS#8
TRADING UNIT
ACCOUNTING - 4
Email id – [email protected], mobile number for WhatsApp only - 7252033025
 SALE
TRANSACTIONS
 15.04.2022 Goods Sold to Kajal Electronics (GSTN-09ALGPS8574G1JN), AGRA
INVOICE NO. -01
Model No. Group QTY Rate Amount Taxes Total
Amount
LH-185 (REF.) LG 3 15000 45000 12% 50400
LH-195 (REF.) LG 3 17000 51000 12% 57120
LH-22” (LED) LG 3 12000 36000 18% 42480
SH-185 (REF.) SAMSUNG 1 15000 15000 12% 16800
SH-195 (REF) SAMSUNG 1 16500 16500 12% 18480
SH-22” (LED) SAMSUNG 1 11200 11200 18% 13216
174700 23796 198496
30.04.2022 Goods sold to Singh & Co. (GSTN 05ACZZT4325J2ZV),
RUDRAPUR, and INVOICE NO. 02
Model No. Group QTY Rate Amount Taxes Total
Amount
IH-185 (REF.) INTEX 2 15000 30000 12% 33600
IH-195 (REF.) INTEX 2 16500 33000 12% 36960
IH-22” (LED) INTEX 1 11500 11500 18% 13570
PH-185 (REF.) PANASONIC 1 15000 15000 12% 16800
PH-195 (REF) PANASONIC 1 16500 16500 12% 18480
PH-22” (LED) PANASONIC 1 12500 12500 18% 14750
118500 15660 134160
01.05.2022 Goods sold to Mann & co. (GSTN – 09JJLLP2274J2FZ) Agra &
Invoice no. 03
Model No. Group QTY Rate Amount Taxes Total
Amount
SO-185 (REF.) SONY 1 15000 15000 12% 16800
SO-195 (REF.) SONY 1 16500 16500 12% 18480
SO-22” (LED) SONY 1 17500 17500 18% 20650
VH-185 (REF.) VIDEOCON 1 15000 15000 12% 16800
VH-195 (REF) VIDEOCON 1 16500 16500 12% 18480
VH-22” (LED) VIDEOCON 1 11500 11500 18% 13570
92000 12780 104780
 31.05.2022 Goods sold to Peeyush Traders (GSTN- 09UNJHG78984N1QN) Agra & Invoice
no. 04

Model No. Group Quantity Rate Amount Taxes Total Amount

OH-AUD1 (Audio) ONIDA 1 4500 4500 05% 4725

OH-DC1 (CAMERA) ONIDA 1 7000 7000 05% 7350

OH-M12 (JUICER) ONIDA 1 3500 3500 05% 3675

OH-O1(OVEN) ONIDA 1 7000 7000 12% 7840

OH-M13 (JUICER) ONIDA 1 4000 4000 05% 4200

OH-AUD2 (Audio) ONIDA 1 5200 5200 05% 5460

Grand Total 31200 2050 33250

 ALL IN ONE PRACTICAL ACCOUNTANCY COURSE
LEVEL-2 TRANSACTION WITH GST
CLASS#9
TRADING UNIT ACCOUNTING –5
(Unregistered/Composition
Purchase/sale)
Email id – [email protected], mobile number for WhatsApp only - 7252033025
UNREGISTERED/COMPOSITION PURCHASE TRANSACTIONS

15-05-2022 Goods Purchased from Ram Mohan & Sons

(unregistered)
Model No. Group QTY Amount (PER PCS)
LH-185 LG 2 11200

31-05-2022 Goods Purchased from RAJKUMAR & SONS

(09CYMPP9400E2Z1- COMPOSITION DEALER)
Model No. Group QTY Amount (PER PCS)
LH-185 LG 2 11200
UNREGISTERED/COMPOSITION SALE TRANSACTIONS

15-05-2022 Goods sold to Mohan & Sons (unregistered)

Model No. Group QTY Amount
LH-185 LG 1 16800

31-05-2022 Goods Purchased from Rajan Traders

(09CYZPP9400E2Z1- COMPOSITION DEALER)
Model No. Group QTY Amount
LH-185 LG 1 19040
 ALL IN ONE PRACTICAL ACCOUNTANCY COURSE

LEVEL-2 TRANSACTION WITH GST

CLASS#10
TRADING UNIT ACCOUNTING
(Debit & Credit Note)
Email id – [email protected], mobile number for WhatsApp only - 7252033025
MOST IMPORTANT TOPIC

DEBIT & CREDIT

NOTE
 Date Particulars
30-04-2022 Purchase return to Bajaj Electronic (GSTIN- 05AAJLB5383G2Z2), Hardiwar
against invoice no. 0054
Model No. Group QTY Rate Amount Taxes Total Amount
LH-185 (REF.) LG 1 10000 10000 12% 11200
LH-195 (REF.) LG 1 10500 10500 12% 11760
20500 2460 22960

31-05-2022 Purchase return to Mahinder & Co. (09BBCCD7474D1D2), Agra against invoice no. 202

Model No. Group QTY Rate Amount Taxes Total Amount

OH-AUD1 ONIDA 1 2500 2500 05% 2625
(Audio)
OH-DC1 ONIDA 1 5000 5000 05% 5250
(CAMERA)
Grand Total 7500 375 7875
 Date Particulars
31-05-2022 Sale Return from Kajal Electronics (GSTN-09ALGPS8574G1JN), AGRA INVOICE
NO. -01
Model No. Group QTY Rate Amount Taxes Total Amount
LH-185 (REF.) LG 1 15000 15000 12% 16800
15000 1800 16800

DEBIT NOTE /CREDIT NOTE (ACCOUNITNG INVOICE)

• Incentive @10% on total purchase value received
from BAJAJ ELECTRONICS.

• Incentive @10% on total sale value given to KAJAL

ELECTRONICS.
 ALL IN ONE PRACTICAL ACCOUNTANCY COURSE

LEVEL-2 TRANSACTION WITH GST

CLASS#11
BILL WISE DETAIL
CHEQUE PRINTING
Email id – [email protected], mobile number for WhatsApp only - 7252033025
 !! THANK YOU !!

Email id – [email protected], mobile number

YOUTUBE for WhatsApp
CHANNEL only
- TALLY HOME - 7252033025
& INSTITUTE