Question

Pass Journal entries for the following transactions in the books of Naman, Bangalore-
1. Machinery purchased for Rs. 5,00,000 against cheque payment, availed cash discount @2% from
M's Jai Machine Tools, Delhi.
2.Purchased goods from Bhavesh Bros. Mysore for Rs. 60.000 less trade discount @5%.
1/3rd was paid in cash cash discount availed 1%.
3.Sold goods to Ram & co, Mumbai for Rs.50.000. Payment was made immediately and availed
10% cash discount.
CGST and SGST @ 9% each and IGST @ 18% is applicable


please I need help​

Answer 1

Explanation:

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Answer 2

Explanation:

was made immediately and availed

10% cash discount.

CGST and SGST @ 9%