Question

1. Sold goods to Sohan for 20.000 less 10% Trade Discount IGST @ 12%. He gave half the payment by check which was banked on the same day 2 Bought goods from Mona & Co. for 25,000 less 10% Trade Discount plus CGST and SGST @ 6% each. 3. Bought goods from Rama Store for 40,000 less 10% Trade Discount and 2.5% Cash Discount, IGST slab was 12%. Paid half the amount by check 4. Sold goods costing 40,000 to Sohan at a profit of 25% on cost less 10% Trade Discourt plus CGST and SGST @ 6% each. He was allowed 2% Cash Discount if payment is received within 10 days, however, he paid check immediately payable after 4 days. 5. Paid Electricity Charges 2,000. 6. Check of Sohan was dishonoured. [Hint. Cheque of Sohan dishonored so must be deposited in hank.]​

Answer 1

Answer:

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