25 transactions on journal ledger and trial balance
Answers
Answer:
Gst 6% State 12%igst
Explanation:1.started business with cash. 100000
2.paid rent in advance. gst levied 6% State and 12% lgst1700
3.wages paid. 7000
4.sold goods to Mohan. 3000
5.sold goods for cash 966
6.purchased timber 150000 cement 120000 to construct the building. wages paid to the labourers 15% of total cost.
7.purchased goods from dev 19000and received 10% discount.
8.electricity bill paid. 2000
9.telephone bill payment 700
10.Goods destroyed by fire 6000
11.loan in advance 60000
12.rent paid 5000 half of the building is used by proprietor for living purpose. gst levied.
13. insurance company recovered bad debt of last year which was of 80000 to 60000.
Answer:
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