Question

(ii) Purchased goods from Sunder Agencies, Delhi of list price *20,000 at 25% trade
discount and 2% cash discount. Paid CGST and SGST @ 6% each. 50% of the
payment was made immediately.​

Answer 1

Explanation:

Stock A/c Dr 16800

To Discount A/c 150

To Cash A/c 7500

To CGST A/c 900

To SGST A/c 900

To Sunder Agencies A/c 7350

Answer 2

Answer:

The journal entry will be as follows :-

Purchase A/C DR

Input CGST A/C DR

Input SGST A/C DR

To cashA/C

To discount received A/C

To S.Agencies A/C