Question

cash in hand rs 35000 cash at bank rs 25000 furniture rs 150000 laptop rs 100000 debtors sangita rs 40000 viru rs 30000
Creditors : ganesh rs 10000 garima rs 40000 bank loan rs 50000
Apirl: purchased goods form ajay kumar worth rs 250000at 10% trade discount @ 18%gst and paid 1/4 amount in cash

Answer 1

Explanation:

journal entry...

purchase a/c Dr. 225000

input cgst a/c Dr. 22250

input sgst a/c Dr. 22250

To cash a/c 67375

To Ajay kumar a/c 202125

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