Question

pls answer this questions in one sentence ​

Answer 1

2) Narration is a short explanation of every transaction, captured under each journal entry.
3) The GST (General Sales Tax) is a 10% tax that businesses must pay for goods and services sold. They can collect it from customers upon sale and log the transactions in the GST Clearing Account.
4) The Goods and Service Tax Act was passed in the Parliament on 29th March 2017. The Act came into effect on 1st July 2017