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