The following would be recorded in journal entry and do the journal entries, ledger

posting and prepare the Trial Balance, Profit & Loss a/c and Balance sheet and also
implement the feature of Value Added Tax and Central Sales Tax of following company
for the financial period 1.4.2010 to 31.3.2011.
M/s. GREEN PLACE PVT LTD
II Gandhi House Street,
New Delhi – 3544878

Particular Dr Cr

Capital 7,00,000

Government security 1,00,000

Salary payable 1,00,000

Debentures 2,00,000

Reserves 1,00,000

Computer 1,00,000

Cash in hand 1,00,000

KVB bank 2,00,000

STOCK IN HAND:
Stock item Quantity Rate

Cement 500bag Rs.100each

Bricks 500nos Rs.100each

Ms-Office 1000packs Rs.500each

TRANSACTION DURING THE PERIOD:

Apr 02 Goods Purchased from M/s. VPP LTD for the following:

• 14" Sony 2000nos @ Rs.1000, VAT 4%

• Sony projector 20nos @ Rs.50000, VAT 12.5%

• Bill no: VL89 (30days)

Apr10 Goods Purchased from M/s. KALYAN JEWLERS for the following:

• Gold 1000kgs @ Rs.800000,

 • silver 800kgs @Rs.500000,

• (Input vat 1%) Bill no: KJ031 (30days)

Apr12 Goods return to M/s. VPP LTD for the following:

• 14" Sony 500nos VAT 4%

• Sony projector 5nos VAT 12.5%

• Against Bill no: VL89 (30days)

Apr27 Goods purchased from M/s. VIRSHA TRADERS for the following:

• Rice 500 Bags Rs.500each VAT 4%

• Sugar 200 Bags Rs.150each (Purchase – Exempt)

• Against Bill no: VT656 (30days)

May05 Goods purchased from M/s. SRI AGNCIES for the following:

• Rice 500 Bags Rs.500each VAT 4%

• Wheat 200 Bags Rs.750each (Purchase – import)

• Against Bill no: SA56 (30days)

May12 Goods purchased from M/s. WATER MORE (P) LTD for the followings

• Java software 20packs @ R.600each

• (Purchase from unregister dealer 12.5%)

• Against Bill no: WM897 (30days)

May20 Goods purchased from M/s. TATA MOTORS LTD for the following

• Machinery Rs.350000, Motorcar Rs.400000

• Input vat 12.5% (Purchase capital Goods @ 12.5%)

Jun03 Sold goods to M/s. CYGNUS LID for the following

• 14" Sony 1500nos @ Rs.2000, VAT 4%

• Sony projector 12nos @ Rs.60000, VAT 12.5%

 • Bill no: CL148 (30days)
Jun14 Goods return from M/s. CYGNUS LTD for the following

• 14" Sony 200nos VAT 4%

• Sony projector 2nos VAT 12.5%

• Against Bill no: CL148 (30days)

Jul01 Goods sold to M/s. VRK JEWLES for the following

• Gold 800kgs @ Rs.1000000,

• silver 500kgs @ Rs.700000,

• (Output vat 1%) Bill no: KJ031 (30days)

Jul21 Good sold to M/s. JONES INDUTRIES for the following

• Cement 100bag @ Rs.300, (Sales – Export)

• Bricks 200bag @ Rs.500, (Sales – Exempt)

• Bill no: JI89 (30days)

CST:
Jul21 Good sold to M/s. NATIONAL INDUTRIES for the following

• Ms-Office 500packs @ Rs.1000each

• CST 4% paid (Inter State Sales) Form: C form, Form no: 765, Bill no: JI89

(30days)