Question

Pass entries in the books of Ganguli & Sons, assuming all transactions have been entered in the state of West Bengal : () Purchased goods for 2,00,000 and payment made by cheque. (i) Sold goods for 1,60,000 to Devki Nandan & Sons. (iii) Purchased goods for 50,000 on credit. (iv) Paid for printing and stationery 4,000. (v) Received for commission 5,000. (v) Output GST adjusted against Input GST. Assume CGST @6% and SGST @6%

Answer 1

Answer:

purchase account Dr

to cheque account

cash account Dr

to sales account

party account Dr

to purchase account

printing and stationery account Dr

to cash account

cash account Dr

to commission account

Explanation:

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