Question

goods purchased for cash 40000 trade discount 20% cash discount 5% cgst and sgst 6% what is the journal entry of this question

Answer 1

list price= ₹40000

trade discount (20%) =₹ 8000

agreed price = ₹32000

cgst = ₹ 1824
sgst = ₹1824

cash discount 5%= ₹1782.4

journal entry

purchase A/C dr. 32000
input cgst 1824
input sgst. 1824
to cash A/C 33865.6
to discount. 1782.4

(being goods purchased on 5% cd and paid 6% cgst and sgst)

Answer 2

Your answer is in the attachment.