Question

Give Journal entry for the following transaction: (1)
Sold goods to Anil for ₹50,000 plus CGST and SGST @6% each. Received half of the
amount immediately and balance by cheque.

Answer 1

Explanation:

bank a/c dr. 25,000

anil a/c dr. 25,000

to cgst ang sgst a/c 3,000

to sales a/c 47,000