Question

pass journal entry for purchase of goods by Amrit Delhi from add gel pens Delhi for 15000 less trade discount 10% and cash discount 3% cgst and sgst is lieved 6% each. Assume payment is made at the time of purchase​

Answer 1

purchases acc.dr................13,095

discount rec'd acc dr...............405

input cgst acc dr................786

input sgst acc dr...............786

to add gel pens ..................15,072

working notes

good of. 15,000

(-) trade dis.(10%). 1,500

purchased ................13,500

(-)cash dis.(3%)........... 405

total purchases 13,095

(+ 6%) cgst................... 786

(+6%). sgst.........................786