Question

enter transactions in journal of ram and sons,delhi. goods purchase rs 100000 from jai and from prakash rs 200000 trade discount 10% and cash discount 5% jai is from punjab and prakash is from delhi half of payment by cheque and half by cash CGST@6%, SGST@6% and IGST@12%​

Answer 1

Answer:

purchase a/c dr 90,000

input CGST a/c dr 5,400

input SGST a/c dr 5,400

to jai a/c 50,400

to cash a/c 47,880

to discount a/c 2,520

purchase a/c dr 1,80,000

input IGST a/c dr 21,600

to prakesh a/c 1,00,800

to cash 95,760

to discount a/c 5,040