Question

journalise the following transaction :bought goods costing rs 30000 @ 10% Trade discount, availed 5% cash discount by making payment immediately, CGST and SGST charged at 6% each. ​

Answer 1

Answer:

cash. a/c dr. 26050

discount. a/c dr. 1350

cgst. a/c dr. 1563

sgst. a/c dr. 1563

To Stock a/c. 30499

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