Task 3: Mobile Inventory & GST (18%) Billing Cycle

Company Name: NextGen Mobiles | Financial Year: 2026–2027

Student Instructions:

S.No Date Transaction Details Total Amount (₹)
1 01-Jun-2026 Started business with Bank Balance in ICICI Bank 10,00,000
2 03-Jun-2026 Purchased 10 Nos Mobile Model Samsung Galaxy S24 @ ₹50,000/pc from creditor TechWholesale Ltd (Bill No: TW-9012) + 18% GST extra (9% CGST + 9% SGST). 5,90,000
3 10-Jun-2026 Paid 50% partial payment to TechWholesale Ltd via ICICI Bank Cheque against Bill No: TW-9012. 2,95,000
4 15-Jun-2026 Sold 6 Nos Mobile Model Samsung Galaxy S24 @ higher rate ₹65,000/pc on credit to debtor Aarav Mobile Hub (Invoice No: NGM-001) + 18% GST extra. 4,60,200
5 22-Jun-2026 Received full payment from debtor Aarav Mobile Hub via ICICI Bank Net Banking against Invoice No: NGM-001. 4,60,200

Quick Voucher Shortcut Reference for Students:

F6: Receipt (Capital & Customer Payment)  |  F9: Purchase (Item Invoice with Input CGST/SGST)  |  F5: Payment (Partial Settlement)  |  F8: Sales (Item Invoice with Output CGST/SGST)