Question

bought goods from rishi for rs 40000 at a trade discount of 20% and cash discount of 4% igst 12% paid 50% cash discount.

Write the journal entry​

Answer 1

$\huge \mathcal \red{Answer:-}$

Purchase A/c Dr. 5,000

Input CGST A/c Dr. 450

Input SGST A/c Dr. 450

To Cash A/c 5,900

(Being the goods purchased for cash, paid CGST and SGST @9% each).