Question

Journalise the transaction:- Shanaya commenced a business with:- cash in hand - Rs. 45000, Stock - Rs. 20000, Plant - Rs. 60000. All above transactions are subjected to levy of CGST and SGST @6% each​

Answer 1

Answer:

Cash dr

To capital

stock dr

To capital

Plant and machinery dr

To capital

you cant put gst on items which havent been bought or sold. introduction of capital cant have gst.