pass journal entry for purchase of goods by Amrit ,Delhi from Ayur product Agra,UP for rupees 25000 less trade discount @ 15% plus IGST@
12%
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Answer:
purchases @12% 21250
input igst @12% 2550
to ayur product 23800
Explanation:
purchases will be recorded at purchase price less trade discount ie 25000 less 15%
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