Question

Pass entries in the books of all parties in the following cases assuming CGST @ 6% and SGST @ 6%:2018 (i) March 1 Mahesh Chandra of Bihar purchased goods for ₹ 1,00,000 from Sunil Soren of Jharkhand and sold the same to Deepak Patnaik of Odisha for ₹ 1,50,000. (ii) March 5 Deepak Patnaik sold goods to Suresh Yadav of Odisha for ₹ 1,80,000. (iii) March 10 Suresh Yadav sold goods to Ravi Chakravarti of West Bengal for ₹ 2,50,000. (iv) March 14 Ravi Chakravarti sold goods costing ₹ 2,50,000 to Sanjay Diwedi of West Bengal at a profit of 40% on cost.
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Answer 1

Answer:

Resource depletion is the consumption of a resource faster than it can be replenished. Natural resources are commonly divided between renewable resources and non-renewable resources. Use of either of these forms of resources beyond their rate of replacement is considered to be resource depletion.