Question

From the following transition right general in the book of
Rashmi.
1) Introduce 10,000 case and commenced business.
2) Goods of 5,000 purchase on cash
3) Goods of 8,000 purchased on credit from Prithvi
4) Goods of * 2,000 given for donation.
5) Shivani has dispatched the goods of * 3000
6) Paid * 2500 for Life Insurance Premium.​

Answer 1

Answer:

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)