Question

goods sold to Rohan (MP) for rupees 40000 through check trade discount is 5% GST is 12% journal entry​

Answer 1

Answer:

cash A/c                                             Dr.                38000

IGST A/c                                            Dr.                 4560      

To sales A/c                                                                                  384560

(GOODS SOLD TO ROHAN)

Explanation:40000*5/100=38000 as trade discount.it is not recorded in books.

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