Question

cash received by selling old furniture including Igst ₹784 if the price excluding gst is ₹700 calculate rate of igst​

Answer 1

Answer:

Pavan, Madan and Suman were partners sharing profits & losses in the ratio d 2:1:1. Their balance sheet as on 31.3.2017 was as under:

Balance Sheet as on 31-03-2017

Assets

25,000 20,000

35,000

80,000

Cash

Stock