Question

Goods costing rs.18000 were sold at a profit of 30% and paid 30% of cash immediately.cgst and sgst @ 9% each... treatment in accounting equation....​

Answer 1

Explanation:

goods + output CGST + output SGST + cash = liability+ capital

-18000 + + 1620 +1620 + 5400 = liability+ 5400 + capital

can plz check it by putting value of capital and liability so that amount of both Left hand side and right hand side are equal.

hope this may be helpful for you