Question

JOURNAL ENTRY
Sold goods costing rs.20,000 to Sunil at a profit of 20% on sales,less 20% trade discount and paid cartage rs.150. CGST and SGST charged @6% each.

Answer 1

Sunil A/C          ..Dr.   22400 Cartage A/C    ..Dr.    150       To Cash a/c                 150       To output cgst a/c      1200       To output sgst a/c.     1200        To sales a/c.               20000