Accountancy, asked by ishikaramola899, 7 months ago

Hold goods to Ramalingam of Erode of the list price of 3,75,000 at 20% trade
discount and 2% cash discount on sale price. Charged CGST and SGST @9% each
Full amount was received by cheque on the same date.
adjustment and payment of GST.
Total 5.31.000
0 : Net amount paid 1,71.000: Discount Received 6,000.
S: Net amount received 3.48,000; Discount allowed 6,000.]
Record the following transactions in the books of Sahdev & Sons assumin
tions have been entered within the state of Bihar, Charging CGST and SGS
hi
Hought goods from Nanak Bros. for 4,00,000 at 10% trade discount and 3% cas!
discount on purchase price. 25% of the amount paid at the time of purchase.
Sold goods to Kumar & Sons, for 2,00,000 at 20%, trade discount and 5% cash
discount on sale price. 60% of the amount received by Cheque.
discount
Received from Gopi Chand 38,000 by Cheque after deduet
Paid 20,000 for runt by Cheque.

Answers

Answered by TheRiskyGuy

Explanation:

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