Question

2019
Jan. 1
Jan. 10
Started business with bank balance 3,00,000.
Paid wages and salaries 60,000.
Punhased goods costing 40,000 plus 12% IGST from Rosha
tell the journal ????​

Answer 1

Answer:

1 bank a/c Dr

to cash a/c

2 wage nd salary a/c. Dr

to cash a/c

3 Rosha's a/c Dr

to cash a/c

(substract 12% from amt)