Question

9. At the time of goods sold, output CGST/SGST/IGST account is credited . because it is a/an

a. Revenue/income b. Accrued income c. Assets d. Liability
​

Answer 1

Answer:

a) Expenses 'plus' profit b) Cost plus tax c) Cost plus tax plus'profit d) Tax plus ... c) Zero rated d) SGST plus CGST plus IGST plus BCD ... a) Input b) Output c) Merit goods d) White goods.

Answer 2

Answer:

it is a liability