Question

. From the following transactions of Sumitra, prepare the accounting equations:
(i) Commenced business with bank balance * 1,50,000.
(ii) Purchased goods worth 40,000 plus CGST 6% and SGST 6% from Amina.
(iii) Purchased goods worth * 25,000 from other State plus 12% IGST through cheque.
(iv) Purchased computer for 30,000 plus 9% CGST and 9% SGST paid by cheque.
(v) Sold goods costing * 30,000 for 45,000 plus CGST 6% and SGST 6% against cheque.
(vi) Paid 15,000 for repairs and maintenance of building plus 9% CGST and 9% SGST.
(vii) Paid 6,000 for printing plus 9% CGST and 9% SGST.
(viii) Sold goods costing 20,000 for 3 16,000 plus 6% CGST and 6% SGST​

Answer 1

Answer:

the trader will get a profit of 56.4326

Explanation:

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