Question

5) Pass journal entries in the books of Raj traders of Gujarat in the following cases assuming CGST @9% and
SGST @9%.
April 7 Purchase goods for Rs 5,00,000 from Chauhan Traders of Gujarat, at 20% Trade discount
April 15 Advertisement charges Rs 20,000 paid by cheque
April 20 Goods sold to ekta of rajasthan costing Rs 1,50,000 at a profit of 100/3% on cost.
(3)​

Answer 1

Answer:

1. Purchase A/c Dr 400,000

  Input CGST A/c Dr. 36,000

  Input SGST A/c Dr. 36,000

           To Chauhan Traders 472,000

2. Advertisement Charges A/c Dr 20,000

  Input CGST A/c Dr. 1,800

  Input SGST A/c Dr. 1,800

           To Bank 23,600

Explanation: