(a) Paid for Railway Transport Rs. 10,000 (CGST @ 5%, SGST @ 5%)
(b) Interest charge on capital 7% when total capital were Rs. 70,000
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Answered by
2
Answer:
railway transport ac dr 10000
(5 cgst ,sgst)
to cash ac 10000
cash ac dr to
interest on capital ac 70000
Answered by
2
Answer:
Friend if you are doing the journal entry then........
a) Conveyance a/c................................ Dr. 10,000
Input CGST a/c................................... Dr. 500
Input SGST a/c.................................... Dr. 500
To, Cash a/c 11000
b) Interest charge a/c................ Dr. 4,900
Capital a/c................................ Dr. 70,000
To,Cash a/c 65,100
Explanation:
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