Question

Juurnalise the following.
Sold goods to Sonam Rs. 4,50,000 at 10% trade discount and 3% cash discount,
and 70% amount received in cash, Igst Charged @ 12%
Purchased goods from Annu Rs. 4,20,000 at 20% trade discount and 2% cash
discount and 60%of the payment made in cash, CGST @ 6% and SGST @ 6%
each paid.​

Answer 1

Answer:

24-Nov-2018 — Sales Price = Goods Sold + Cost – trade discount. Sales Price = 10,000 + 20% – 10% = Rs. 10,800 2. ... (vii) Sold goods costing ₹ 40,000 to Anil for cash at a profit of 25% on cost less 20% ...