(i) Commission received in advance \( ₹ 1,000 \).
(ii) Rent receivable ₹ 2,000 , subject to levy of CGST and SGST @ 9\% each.
(iii) Salary outstanding ₹ 1,000 and insurance prepaid ₹ 800 .
(iv) Further Bad-debts ₹ 1,000 and provision for Bad-debts @ 5\% on debtors and provision for discount on debtors @ 2\%.
(v) Closing Stock ₹ 32,000 .
(vi) Depreciation on Building @6\% p.a.
[Ans. Gross Loss ₹ 17,000 ; Net Loss ₹ 43,189 and Balance Sheet Total - ₹ 2,83,971.]
Note : GST is not levied on Salary.
(See Illiustration 8 for adjustment of CGST and SGST)