Question

Cash sales of ₹10000 at 2%cash discount @5 % GST.......what will be the journal entry of this???

Answer 1

Answer:

You can find this by this method

Step-by-step explanation:

Sp =10000

Discount=2%

Mp=sp*100/100-d%

=10000 * 100/100-2

=10000 * 100/98

= ₹10204. O8

Gst= Mp of gst%=10000

= 10204.08 * 5 /100 = 10000

Now find the journey entry by doing this method..

Hope this will help you..