Question

bills of exchange
pass journal entry in the books of on the 1st January 2019 Rakesh purchase goods from Ramesh for rupees 8000 I GST 18% and on the same day made the payment of half of the amount and accepted or 2 month bill for the remaining amount and you did Rakesh meet his acceptance pass journal entries in the books of both the

Answer 1

Answer:

purchase a/c Dr.8000

to Ramesh. 6800

to gst a/c. 1200

Ramesh Dr.6800

to cash a/c. 6800.