Question

(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​

Answer 1

Answer:

railway transport ac dr 10000

(5 cgst ,sgst)

to cash ac 10000

cash ac dr to

interest on capital ac 70000

Answer 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: