Question

2018
Mar. 1 Cash in hand 40,000; Bank overdraft 15,000
Mar. 4 Cash purchases of 1,000 less 10% trade discount plus 14% CGST and 14% SGST,
Mar. 7 Deposited cash into bank from office cash 5,000 and from personal cash 18,000,
Mar. 10 Cash sales of 60,000 plus 14% CGST and 14% SGST deposited into bank.
Mar. 13 Issued cheque to Ramanand Sagar (Creditor of 16,000) after receiving 5% cash discount
Mar. 16 Received cash 10,800 from Om Parkash which he paid after deducting 10% cash discount
Mar. 19 Purchased machinery for 20,000 plus 6% CGST and 6% SGST and paid by cheque.
Mar. 22 Bank charged commission 600 plus 6% CGST and 6% SGST.
Mar. 25 Received cash 11,000 and cheque 9,000 from Shashi Kapoor, Cheque was deposited into bank the next day.​

Answer 1

Answer:

20, Purchased for cash from Gopi Chand Haldi Ram, Delhi :- ... Less: Trade Discount 20 %; and freight charges payable ₹ 10,000. 10 ... 40 Super Deluxe Wall Clocks @ ₹ 1,000 each