Question

enter the transaction in the journal of mr ram . a sum previously written off as bad debt now recovered CGST & SGST @9% each is to be levied on intra state transaction - 2500

pls give me the answer asap
tyvm..


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Answer 1

Solution:

Journal entries in the books of mr.ram

cash a/c. dr.2950

to bad debts recovered a/c 2500

to output cgst a/c. 225

to output sgst a/c. 225