Mr. ‘X’, a manufacturer of Delhi produced goods for ₹20,000. He adds a profit margin of 10% on cost. He sells the goods to wholesaler ‘Y’ in Jaipur. The IGST is @ 12%. Calculate the amount paid by the wholesaler ‘Y’
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Answer:
cash account. dr 24640
To sales account. 22000
To output IGST account 2640
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