Bought machinery and furniture for 80,000 and 30,000 plus cgst and sgst @6% each
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Pass entries in the books of Mukerjee & Sons. assuming all transactions have taken place within the state of Uttar Pradesh. Assume CGST @9% and SGST @ 9%.
2018
March 1 Purchased goods for ₹ 5,00,000 from Mehta Bros.
March 10 Sold goods for ₹ 8,00,000 to Munjal & Co.
March 15 Paid for advertisement ₹ 40,000 by cheque.
March 18 Purchased furniture for office use ₹ 50,000 and payment made by cheque.
March 25 Paid for printing and stationery ₹ 8,000.
March 31 Payment made of balance amount of GST.
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