Page 80 - debkxi

12.2 Double Entry Book Keeping—CBSE XI

4. Commission (Expense) (a) For intra-state
Explanation: Input Credit for GST Paid Commission Paid A/c ...Dr.
is allowed. Input CGST A/c ...Dr.
Input SGST A/c ...Dr.
To Cash/Bank A/c [If paid]
To Commission Payable A/c [If payable]
(b) For inter-state
Commission Paid A/c ...Dr.
Input IGST A/c ...Dr.
To Cash/Bank A/c [If paid]
To Commission Payable A/c [If payable]
5. Telephone Bill Telephone Expenses A/c ...Dr.
Explanation: Input Credit for GST Paid is Input CGST A/c ...Dr.
allowed. Both CGST and SGST are levied Input SGST A/c ...Dr.
at half the prescribed rate of GST each. To Cash/Bank A/c [If paid]
To Telephone/Expenses Payable A/c [If payable]
6. Insurance Premium Insurance Premium A/c ...Dr.
Explanation: Input Credit for GST Paid is Input CGST A/c ...Dr.
allowed. Input SGST A/c ...Dr.
To Cash/Bank A/c
7. Advertisement Expenses (a) For intra-state
Explanation: Input Credit for GST Paid Advertisement Expenses A/c ...Dr.
is allowed. Input CGST A/c ...Dr.
Input SGST A/c ...Dr.
To Cash/Bank A/c [If paid]
To Advertisement Expenses Payable A/c [If payable]
(b) For inter-state
Advertisement Expenses A/c ...Dr.
Input IGST A/c ...Dr.
To Cash/Bank A/c [If paid]
To Advertisement Expenses Payable A/c [If payable]
8. Bank Charges Bank Charges A/c ...Dr.
Explanation: Input Credit for GST Paid Input CGST A/c ...Dr.
is allowed. Input SGST A/c ...Dr.
To Cash/Bank A/c
9. Printing and Stationery (a) For intra-state
Explanation: Input Credit of GST Paid is Printing and Stationery A/c ...Dr.
allowed. Input CGST A/c ...Dr.
Input SGST A/c ...Dr.
To Cash/Bank A/c [If paid]
To Expenses Payable A/c [If payable]
(b) For inter-state
Printing and Stationery A/c ...Dr.
Input IGST A/c ...Dr.
To Cash/Bank A/c [If paid]
To Expenses Payable A/c [If payable]