Accountancy, asked by jayntkumar4203, 1 year ago

A textile mill buys yarn for making cloth for rs20000 and pays GST@4%

Answers

Answered by Anonymous
2

Purchases A/C. Dr. Rs 20,000


Input CGST A/C Dr. Rs.800


Input SGST A/C. Dr. Rs.800


To Cash A/C or Bank A/C. Rs.21,600


(Being cloth purchased)


jayntkumar4203: Thnxx_Again
Answered by Anonymous
0
Hey Mate ✌️✌️


Journal Entry ⏬⏬⏬⏬


Purchase A/c........................................Dr..20000
Input CGST A/c.......................................Dr..800
Input SGST A/c.......................................Dr..800
.....................To cash A/c.....21600


✨ Hope this helps you ✨
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