Question

Hlo sir i am having doubt
If there is journal entry
Goods purchased rs 100000 from sham and 50% payment is made in cash and cash discount availed 10% ( cgst 6 % and sgst 6%) what will be the journl entry of this

Answer 1

Explanation:

100000

50% made by cash = 50000

so 10 % discount = 5000

therefore have to pay 45000 by cash

total 95000 purchase

now apply 6%cgst and 6%sgst to 95000

you'll get the answer.