Question

pls answer fast!! needed!!!!!!!!​

Answer 1

Answer:

Journal entries:

1)* Lakshman a/c. dr 78400

Discount a/c. dr 1600

to sales a/c. 80000

(Being purchase goods)

2)* Purchase a/c. dr 50000

input igst a/c. dr 4500

input cgst a/c. dr 4500

to cash a/c. 59000

3)Bad debt a/c. dr 10000

to sunil a/c. 10000

4) Cash a/c. dr 10000

to bank a/c. 10000

5) Advertisement a/c. dr 20000

to purchase a/c. 20000

6) Salary a/c. dr 5000

to cash a/c. 5000

7) Electricity charges a/c. dr 3000

to bank a/c. 3000

Working notes:

1)* sales price=100000

T.D= 20%

C.D.=2%

100000×20/100=20000

100000-20000=80000

80000×2/100=1600

80000-1600=78400

2) Purchase price=50000

IGST=9%

CGST=9%

50000×9/100=4500

50000×9/100=4500

Total amount=59000

Hope it helps you

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