Page 206 - DEBKVOL-1

Chapter 8 Dissolution of a Partnership Firm 8.31
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(xi) Realisation A/c ...Dr. 5,000
Input CGST A/c ...Dr. 450
Input SGST A/c ...Dr. 450
To Bank A/c 5,900
(Being the realisation expenses paid along with CGST and SGST @ 9% each)
(xii) Output CGST A/c ...Dr. 18,018
To Input CGST A/c 450
To Bank A/c 17,568
(Being the Output CGST deposited after setting off Input CGST)
(xiii) Output SGST A/c ...Dr. 18,018
To Input SGST A/c 450
To Bank A/c 17,568
(Being the Output SGST deposited after setting off Input SGST)

Dr. OUTPUT CGST ACCOUNT Cr.

Particulars ` Particulars `
To Input CGST A/c 450 By Kumar’s Capital A/c 4,050
To Bank A/c (Balancing Figure) 17,568 By Bank A/c 4,500
By Bank A/c 3,600
By Sham’s Capital A/c 2,700
By Ram’s Capital A/c 468
By Bank A/c 2,700
18,018 18,018

Dr. OUTPUT SGST ACCOUNT Cr.
Particulars ` Particulars `

To Input SGST A/c 450 By Kumar’s Capital A/c 4,050
To Bank A/c (Balancing Figure) 17,568 By Bank A/c 4,500
By Bank A/c 3,600
By Sham’s Capital A/c 2,700
By Ram’s Capital A/c 468
By Bank A/c 2,700
18,018 18,018

Dr. INPUT CGST ACCOUNT Cr.
Particulars ` Particulars `
To Bank A/c 450 By Output CGST A/c 450

Dr. INPUT SGST ACCOUNT Cr.
Particulars ` Particulars `
To Bank A/c 450 By Output SGST A/c 450