Question

ournalise the following transactions in the books of Rajan of Delhi:

(iii) Goods valued at 72,500 distributed from stock as samples, as part of an advertising
campaign. These goods were purchased paying CGST and SGST @ 9% each.​ journal entry​

Answer 1

Answer:

Advertisement A/c dr .72,500

Input CGST A/c dr.6525

Input SGST A/c dr 6525

To purchases A/c 85,550

(Paid for advertisement)

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