journalise the following transactions in the book of Atul bros lucknow up
Answers
Answer:
Journalise the following transactions in the books of Gupta Bros., Lucknow (UP): CGST and SGST is levied @` 9%` each on intra-state (within the state) sale and purchase and IGST is levied @ `18%` on inter-state (Outside the state) sale and purchase.
Explanation:
please mark brainlist
Answer:
There are seven common types of journals, but for freelancers and solopreneurs, you’ll probably focus on some of the four journal types outlined here:
(1) Sales Journal: Records credit sales related to your business. When a client pays an invoice by credit, you’ll record it in your Sales Journal.
(2) Purchase Journal: Records credit purchases you make for your business, such as office supplies to stock your desk, or software for your work.
(3) Cash Receipts Journal: Records all the cash flowing into your business, including cash payments you receive from your clients.
(4) Cash Payments Journal: Records all cash flowing out of your business. If you paid for parking on your way to a business meeting using cash, you’d record it here.