Question

iii) Purchased goods from Rama & Sons, Delhi of list price 50,000 at 20% trade
discount and 3% cash discount. Paid CGST and SGST @ 6% each. 75% of the
payment was made immediately by cheque.
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Answer 1

good account Dr.40000

tax input account Dr 3000

To Rama and sons 43000

Explanation:

rama and sons account Dr 30000

To cash discount account

1200

To bank 28800