Question

Credit purchase from ram and company for rupees 5000 cash discount will be received at 5% on payment of bill with in 10 days pass journal entry
cash paid to ram and company and discount availed of

Answer 1

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).

Answered By=shreyash. ......

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