Accountancy, asked by renurajesh777, 2 days ago

Mr. Gagan Nayyar from Sultanpur Lodhi Punjab (a sole proprietor) purchased goods from Kapoor & Sons (within the state) 4,00,000. Trade Discount is 10% and cash discount is 5% on prompt payment. Amount paid to Kapoor & Sons 40% at the time of purchase. GST is levied @18%. Give journal entry in the books of Gagan Nayyar and also prepare ledger accounts. pls write full ans

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Answered by mbhagyshree297

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