Question

8
. What journal entry will be passed by Rama Garments, Delhi for goods sold to
X& Co. Ltd. for goods costing Rs. 20000 at a profit of 25% on cost less 10%
trade discount against |
cheque? GST rates were 12% each.
​

Answer 1

Answer:

GST rates were 12.

Explanation:

1. profit 25#
2. on cost less 10#
3. GST rates were 12# each